AbstractThe paper analyses the determinants and short-term effects of labour market reforms, using information from a novel policy compendium that covers 110 developed and developing economies between 2008 and 2014. We find that the approval of reforms is positively associated with the unemployment rate, the simultaneous implementation of fiscal consolidation measures and the presence of a fixed exchange rate regime. Differences in the results are explored by looking at the direction of reforms (i.e. increasing or decreasing legislation), temporal horizon (i.e. temporary or permanent measures) and coverage (i.e. complete or two-tier reforms); while also analysing separately reforms’ determinants across domains of labour legislation (e.g. permanent contracts, collective dismissals). Finally, we find that deregulatory labour market reforms tend to increase the unemployment rate in the short run when they are approved during contractionary periods—while they have a non-significant effect when approved during periods of economic stability or expansion. JEL Classification: J20, J52, J38, J48, J58, K31

中文翻译：

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劳动力市场改革的驱动力和效果：新政策纲要的证据

摘要本文使用来自涵盖2008至2014年间110个发达和发展中经济体的新型政策纲要的信息，分析了劳动力市场改革的决定因素和短期影响。我们发现，改革的批准与失业率，失业率和就业率呈正相关。同时执行财政整顿措施和实行固定汇率制度。通过研究改革的方向（即增加或减少立法），时间范围（即临时或永久性措施）和覆盖面（即全面或两级改革）来探索结果的差异；同时还分别分析了劳动立法领域中改革的决定因素（例如，永久合同，集体解雇）。最后，我们发现，放松管制的劳动力市场改革在紧缩时期获得批准后，短期内往往会增加失业率，而在经济稳定或扩张时期获得批准，则对失业率没有显着影响。JEL分类：J20，J52，J38，J48，J58，K31