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A Narrative Database of Major Labor and Product Market Reforms in Advanced Economies

Author: Romain DuvalBingjie HuHuy NguyenJoao Tovar JallesDavide FurceriAll authors
Publisher: Washington, D.C. : International Monetary Fund, 2018.
Series: IMF Working Papers; Working Paper, no. 18/19.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
This paper describes a new database of major labor and product market reforms covering 26 advancedeconomies over the period 1970-2013. The focus is on large changes in product market regulation in seven individual network industries, employment protection legislation for regular and temporary workers, and the replacement rate and duration of unemployment benefits. The main advantage of this dataset is the precise  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print Version:
Duval, Romain.
A Narrative Database of Major Labor and Product Market Reforms in Advanced Economies.
Washington, D.C. : International Monetary Fund,2018
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Romain Duval; Bingjie Hu; Huy Nguyen; Joao Tovar Jalles; Davide Furceri; International Monetary Fund.
ISBN: 1484338693 9781484338698
OCLC Number: 1034911442
Notes: Available in PDF, ePUB, and Mobi formats on the Internet.
Description: 1 online resource (90 pages).
Contents: Cover; Contents; I. Introduction; II. Methodology; A. Database construction; B. Strengths and limitations; III. A few stylized facts on reform patterns; IV. An empirical application; V. References; Tables; 1. Country Examples of Reforms Identified According to Different Criteria; 2. Percentage of Reforms by Area in Good and Bad Times; Figures; 1. Number of Major Reforms and Counter-reforms; 2. Distribution of Major Reforms and Counter-Reforms Across Time; 3. Number of Major Reforms and Counter-reforms by Country (1970-2013); 4. The Average Effect of Major Product Market Reforms on Output. 5. The Average Effect of Major Unemployment Benefit Reforms on the Unemployment Rate6. The Average Effect of Major Employment Protection Legislation Reforms on Employment; Appendixes; Detailed List of Major Labor and Product Market Reforms in the Dataset.
Series Title: IMF Working Papers; Working Paper, no. 18/19.
Other Titles: IMF eLibrary.
Responsibility: Romain A Duval.

Abstract:

This paper describes a new database of major labor and product market reforms covering 26 advancedeconomies over the period 1970-2013. The focus is on large changes in product market regulation in seven individual network industries, employment protection legislation for regular and temporary workers, and the replacement rate and duration of unemployment benefits. The main advantage of this dataset is the precise identification of the nature and date of major reforms, which is valuable in many empirical applications. By contrast, the dataset does not attempt to measure and compare policy settings across countries, and as such is no substitute for other publicly available indicators produced, for example, by the ILO, the OECD or the World Bank. It should also be seen as work in progress, for researchers to build on and improve upon. Based on the dataset, major reforms appear to have been more frequent in product markets than in labor markets in the last decades, and were predominantly implemented during the 1990s and 2000s.

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