Golden Growth part2

Page 74

CHAPTER 6

Figure 6.25: In Europe, active labor programs are associated with higher labor force participation

Figure 6.26: Rigid employment protection legislation is associated with lower employment rates

(percentage point change in the working-age population working or searching for a job: estimated impact of a unit change in statistically significant explanatory variables)

(percentage point change in employment rate: estimated impact of a unit change in statistically significant explanatory variables)

Note: Only coefficients significant at the 1 percent and 5 percent levels are shown in the figure. Full results and more information are available in annex 2. Source: Fialová 2011.

Note: Only coefficients significant at the 1 percent and 5 percent levels are shown in the figure. Full results and more information are available in annex 2. Source: Fialová 2011.

Figure 6.27: Rigid laws and high taxes are associated with higher unemployment, active labor programs with lower unemployment (percentage point change in unemployment and long-term unemployment rates: estimated impact of a unit change in statistically significant explanatory variables) Change in unemployment

Change in long-term unemployment

Note: Only coefficients significant at the 1 percent and 5 percent levels are shown in the figure. Full results and more information are available in annex 6.2. Source: Fialová 2011.

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