From: Drivers and effects of labour market reforms: Evidence from a novel policy compendium
Collective bargaining | Collective dismissals | Permanent contracts | Temporary contracts | Other forms of employment | Working hours | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
NBREG | OLS | NBREG | OLS | NBREG | OLS | NBREG | OLS | NBREG | OLS | NBREG | OLS | |
Unemployment (lag) | 0.011 | 0.001 | 0.084** | 0.003 | −0.010 | −0.001 | 0.014 | 0.002 | −0.153 | −0.002 | −0.004 | −0.000 |
(0.018) | (0.003) | (0.033) | (0.002) | (0.022) | (0.003) | (0.027) | (0.002) | (0.102) | (0.001) | (0.060) | (0.001) | |
Unemployment (difference) | −0.018 | −0.002 | 0.010 | −0.011 | −0.126 | −0.014 | −0.241** | −0.025 | −0.190* | −0.002 | −0.037 | −0.002 |
(0.121) | (0.021) | (0.067) | (0.009) | (0.102) | (0.015) | (0.108) | (0.016) | (0.098) | (0.002) | (0.128) | (0.003) | |
Gap growth (lag) | 0.008 | 0.002 | 0.250 | 0.003 | 0.064 | 0.004 | 0.001 | −0.000 | −0.016 | −0.000 | 0.155 | 0.002 |
(0.038) | (0.006) | (0.158) | (0.002) | (0.056) | (0.005) | (0.065) | (0.003) | (0.029) | (0.001) | (0.127) | (0.001) | |
Fiscal consolidation | 0.002 | 0.003 | 0.636 | 0.008 | 0.159 | 0.003 | 0.311 | 0.008 | −0.516 | −0.002 | 1.332 | 0.021 |
(0.269) | (0.053) | (0.780) | (0.017) | (0.349) | (0.037) | (0.510) | (0.023) | (0.973) | (0.013) | (1.005) | (0.021) | |
Fixed exchange | 0.590 | 0.116 | −14.847*** | −0.001 | −0.804 | −0.080 | −14.443*** | −0.038* | −16.855*** | −0.013 | −14.449*** | 0.002 |
(0.406) | (0.104) | (1.417) | (0.012) | (0.944) | (0.062) | (0.801) | (0.022) | (1.001) | (0.011) | (1.736) | (0.004) | |
Election year | −0.346 | −0.065 | 0.369 | 0.012 | −0.307 | −0.025 | 1.100** | 0.068* | 0.035 | −0.002 | 0.652 | 0.008 |
(0.305) | (0.053) | (0.608) | (0.016) | (0.412) | (0.042) | (0.474) | (0.037) | (1.104) | (0.016) | (1.068) | (0.017) | |
Post-election | −0.413 | −0.070 | 0.126 | 0.011 | −0.834** | −0.067* | −0.031 | 0.003 | −0.429 | −0.005 | 0.655 | 0.002 |
(0.278) | (0.048) | (0.649) | (0.018) | (0.413) | (0.034) | (0.665) | (0.025) | (1.103) | (0.014) | (1.152) | (0.016) | |
Ideology | 0.359 | 0.072 | −0.014 | 0.004 | 0.051 | 0.007 | −0.027 | −0.001 | −0.417 | −0.001 | −0.101 | −0.005 |
(0.308) | (0.072) | (0.621) | (0.020) | (0.376) | (0.047) | (0.432) | (0.023) | (0.912) | (0.007) | (1.034) | (0.011) | |
GDP per capita (log, 2007) | −0.035 | −0.008 | 0.179 | 0.006 | 0.210 | 0.016 | 0.364* | 0.017* | 0.476 | 0.008 | 0.795** | 0.014* |
(0.121) | (0.020) | (0.316) | (0.008) | (0.171) | (0.021) | (0.190) | (0.010) | (0.639) | (0.012) | (0.315) | (0.007) | |
Year dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Country dummies | No | No | No | No | No | No | No | No | No | No | No | No |
Regional dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
(Pseudo) R-squared | 0.0440 | 0.0447 | 0.2727 | 0.0654 | 0.1105 | 0.0595 | 0.1346 | 0.0582 | 0.2327 | 0.0252 | 0.3033 | 0.0462 |
N | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 | 420 |