Labor Market Institutions Convergence in the European Union (CROSBI ID 705114)
Prilog sa skupa u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Obadić, Alka ; Arčabić, Vladimir ; Rogić Dumančić, Lucija
engleski
Labor Market Institutions Convergence in the European Union
This paper analyzes labor market institutions convergence in the European Union (EU) to test for economic integration in the EU. The convergence is analyzed for five indicators of labor market institutions: employment protection legislation index (EPL), tax wedge, unemployment benefits, active labor market policies, and minimum wages. Convergence is measured with a novel approach of the log-t regression allowing for different convergence patterns using annual data for the EU countries. The results suggest there is no convergence in labor market institutions between EU member states. The differences between institutions are still substantial, and the labor market institutions are changing too slowly to converge. The analysis also considers a possibility of club convergence, differentiating between endogenous clubs based on clustering algorithm and exogenous clubs based on geographical proximity and labor market similarities. Convergence is present only in endogenous clubs. Such results imply different long-run steady states where the differences between countries may be substantial. Since labor market institutions are fundamental determinants of employment and unemployment, differences found in labor market institutions suggest that levels of employment and unemployment in the EU will hardly converge, implying weak labor market integration.
labor market, institutions, club convergence, clustering algorithm
Rad je indeksiran u bazi podataka EconLit, ProQuest, EBSCO.
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Podaci o prilogu
329-347.
2021.
nije evidentirano
objavljeno
10.22598/odyssey/2021.3
Podaci o matičnoj publikaciji
Proceedings of FEB Zagreb ... International Odyssey Conference on Economics and Business
Načinović Braje, Ivana ; Jaković, Božidar ; Ferjanić Hodak, Danijela
online: Ekonomski fakultet Sveučilišta u Zagrebu
2671-132X
Podaci o skupu
12th FEB Zagreb International Odyssey Conference on Economics and Business
predavanje
09.06.2021-12.06.2021
Šibenik, Hrvatska ; online