From: Drivers and effects of labour market reforms: Evidence from a novel policy compendium
Direction | Temporal horizon | Coverage | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Increasing reforms | Decreasing reforms | Temporary reforms | Permanent reforms | Complete reforms | Two-tier reforms | |||||||
NBREG | OLS | NBREG | OLS | NBREG | OLS | NBREG | OLS | NBREG | OLS | NBREG | OLS | |
Unemployment (lag) | 0.015 | 0.006 | 0.069*** | 0.057** | 0.157*** | 0.013** | 0.036*** | 0.049** | 0.055*** | 0.048** | 0.015 | 0.014* |
(0.012) | (0.006) | (0.019) | (0.025) | (0.031) | (0.006) | (0.012) | (0.022) | (0.014) | (0.020) | (0.023) | (0.008) | |
Unemployment (difference) | 0.026 | 0.027 | 0.116* | 0.266** | 0.174** | 0.046 | 0.098* | 0.248** | 0.109* | 0.187** | 0.115* | 0.106* |
(0.063) | (0.037) | (0.064) | (0.118) | (0.080) | (0.028) | (0.052) | (0.115) | (0.056) | (0.084) | (0.063) | (0.057) | |
Gap growth (lag) | 0.023 | 0.006 | 0.025 | 0.024 | 0.096 | 0.003 | 0.030 | 0.027 | 0.022 | 0.017 | 0.059* | 0.012 |
(0.025) | (0.009) | (0.045) | (0.021) | (0.063) | (0.003) | (0.028) | (0.025) | (0.032) | (0.020) | (0.033) | (0.009) | |
Fiscal consolidation | 0.262 | 0.134 | 0.288 | 0.234 | 0.053 | 0.045 | 0.282* | 0.322 | 0.248 | 0.214 | 0.317* | 0.153* |
(0.163) | (0.090) | (0.205) | (0.163) | (0.316) | (0.034) | (0.155) | (0.213) | (0.161) | (0.154) | (0.175) | (0.078) | |
Fixed exchange | 0.340** | 0.215** | 0.539* | 0.470 | 0.349 | 0.089* | 0.356 | 0.596* | 0.258 | 0.351 | 0.677** | 0.334** |
(0.173) | (0.095) | (0.325) | (0.291) | (0.465) | (0.049) | (0.235) | (0.318) | (0.234) | (0.231) | (0.269) | (0.135) | |
Election year | 0.028 | 0.016 | −0.131 | −0.142 | −0.281 | −0.019 | −0.099 | −0.108 | −0.155 | −0.117 | 0.057 | −0.010 |
(0.186) | (0.083) | (0.214) | (0.118) | (0.501) | (0.033) | (0.167) | (0.163) | (0.166) | (0.120) | (0.218) | (0.071) | |
Post-election | −0.114 | −0.010 | −0.014 | 0.062 | −0.154 | 0.003 | −0.136 | 0.048 | −0.169 | 0.021 | 0.086 | 0.031 |
(0.164) | (0.079) | (0.218) | (0.161) | (0.418) | (0.026) | (0.164) | (0.212) | (0.197) | (0.167) | (0.179) | (0.069) | |
Ideology | 0.345** | 0.145* | 0.017 | 0.001 | 0.100 | 0.011 | 0.260* | 0.134 | 0.340** | 0.161 | −0.019 | −0.016 |
(0.155) | (0.077) | (0.218) | (0.145) | (0.338) | (0.035) | (0.145) | (0.180) | (0.149) | (0.138) | (0.191) | (0.074) | |
GDP per capita (log, 2007) | −0.030 | −0.023 | −0.334 | −0.173* | 0.127 | −0.017 | −0.138 | −0.179* | −0.147 | −0.127 | −0.339* | −0.069* |
(0.112) | (0.037) | (0.230) | (0.095) | (0.305) | (0.016) | (0.133) | (0.106) | (0.153) | (0.087) | (0.184) | (0.038) | |
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 | 0.0583 | 0.0924 | 0.1611 | 0.1817 | 0.2636 | 0.1325 | 0.0913 | 0.1693 | 0.0861 | 0.1476 | 0.1945 | 0.1999 |
N | 665 | 665 | 665 | 665 | 665 | 665 | 665 | 665 | 665 | 665 | 665 | 665 |