Interacting Labor Market Institutions : Evidence from the EU-27
The aim of this paper is to explore how labor market institutions (LMIs) interact. First, it looks at the theoretical background and implications for the functioning of the labor market. Second, it offers an empirical overview of which interactions occur on a Europe-wide scale on the basis of pair-wise correlation analyzes. It is found that LMIs tend to interact along two axes: one related to the level of coordination in the labor market and the second related to the skill level. Part of the innovation of this paper lies in the use of data - where available - for all 27 EU member states, thereby attempting to bridge the existing divide in the literature between studies performed either on the OECD part of Europe or on the group of former transition economies/new member states. (original abstract)
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