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AuthorSachs, Andreasdc.contributor.author
Date of accession2016-03-15T09:04:08Zdc.date.accessioned
Available in OPARU since2016-03-15T09:04:08Zdc.date.available
Year of creation2012dc.date.created
AbstractLabor and product market institutions are regarded as central factors for explaining differences in the evolution of unemployment across countries. It is generally assumed that reforms which serve to reduce institutional rigidities are a valuable approach to reduce unemployment. However, both the theoretical as well as the empirical literature provide inconclusive results to the question of which institutions matter for unemployment, and which reforms help to lower the unemployment rate. A large number of potentially relevant institutional factors makes it difficult to specify the econometric model correctly. Additionally, possible interdependencies between institutions enlarge the set of explanatory factors considerably, which further complicates the derivation of valid estimates. This thesis clearly identifies six institutional factors which contribute significantly to the explanation of unemployment rates in 17 OECD countries between 1982 and 2005. The main innovation is the application of a Bayesian model averaging approach which allows the clear-cut identification of significant institutions when the number of explanatory factors is high and observations are limited. Furthermore, this approach also proves to be well-suited for the incorporation of institutional interdependencies which can be estimated systematically for the first time. 22 bivariate interactions are identified as significantly related to the unemployment rate. The outcome of this analysis allows the determination of potential reform effects for various institutions for all 17 OECD countries separately, what is a substantial improvement over the existing empirical as well as theoretical literature.dc.description.abstract
Languageendc.language.iso
PublisherUniversität Ulmdc.publisher
LicenseStandarddc.rights
Link to license texthttps://oparu.uni-ulm.de/xmlui/license_v3dc.rights.uri
KeywordBayesian model averagingdc.subject
KeywordInstitutional reformsdc.subject
KeywordInstitutional rigiditiesdc.subject
KeywordLabor market institutionsdc.subject
KeywordModel averagingdc.subject
Dewey Decimal GroupDDC 330 / Economicsdc.subject.ddc
LCSHUnemploymentdc.subject.lcsh
TitleUnconditional and conditional institutional effects on unemployment: a Bayesian model averaging approachdc.title
Resource typeDissertationdc.type
DOIhttp://dx.doi.org/10.18725/OPARU-2537dc.identifier.doi
PPN719832047dc.identifier.ppn
URNhttp://nbn-resolving.de/urn:nbn:de:bsz:289-vts-80894dc.identifier.urn
GNDArbeitslosigkeitdc.subject.gnd
GNDArbeitsmarktdc.subject.gnd
GNDBayes-Verfahrendc.subject.gnd
FacultyFakultät für Mathematik und Wirtschaftswissenschaftenuulm.affiliationGeneral
Date of activation2012-07-12T06:35:52Zuulm.freischaltungVTS
Peer reviewneinuulm.peerReview
Shelfmark print versionW: W-H 12.988uulm.shelfmark
DCMI TypeTextuulm.typeDCMI
VTS ID8089uulm.vtsID
CategoryPublikationenuulm.category
Bibliographyuulmuulm.bibliographie


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