Research Papers in Economics, Department of Economics, Stockholm University
The Determinants of Labor Market Institutions: A Panel Data Study
Abstract: This paper analyzes the argument that labor market
institutions can be thought of devices for social insurance. It
investigates the hypotheses that a country’s exposure to external risk and
ethnic fractionalization are correlated with labor market institutions.
Extreme bounds analysis with the panel data of 40 years indicates that
there is no robust evidence of positive correlation between external risk
and the structure of labor market institutions, while ethnic
fractionalization is robust negatively correlated with the institutions.
Keywords: labor market institutions; external risk; ethnic fractionalization; extreme bounds analysis; (follow links to similar papers)
JEL-Codes: C23; J08; P48; (follow links to similar papers)
34 pages, December 3, 2006, Revised December 6, 2006
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