Firing Restrictions Government Growth, Immigration, and the NAIRU :Evidence from Fifteen OECD Countries (Journal article)

Kammas, P./ Hatzinikolaou, D.

Using a Phillips-type equation and annual aggregate data from 15 Organization for Economic Cooperation and Development (OECD) countries, we estimate the effects of the following policies on the " non-accelerating inflation rate of unemployment" (NAIRU): restrictions on firing, growth in government " productive" expenditure, growth in social security benefits, and lax immigration policy. We consider Greece separately, but treat the other 14 countries as a fixed-effects panel. Two effects seem to be robust to changes in the sample: restrictions on firing and growth in social security benefits raise the NAIRU.
Institution and School/Department of submitter: Πανεπιστήμιο Ιωαννίνων. Σχολή Οικονομικών και Κοινωνικών Επιστημών. Τμήμα Οικονομικών Επιστημών
Publisher: Fodnazione Giacomo and Blackwell Publishing Ltd
Appears in Collections:Άρθρα σε επιστημονικά περιοδικά ( Ανοικτά)

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