Author: Mr. Romain A Duval, Davide Furceri, Bingjie Hu, João Tovar Jalles, and Huy Nguyen
This paper describes a new database of major labor and product market reforms covering 26
advanced economies over the period 1970-2013. The focus is on large changes in product market
regulation in seven individual network industries, employment protection legislation for regular
and temporary workers, and the replacement rate and duration of unemployment benefits. The
main advantage of this dataset is the precise identification of the nature and date of major reforms,
which is valuable in many empirical applications. By contrast, the dataset does not attempt to
measure and compare policy settings across countries, and as such is no substitute for other
publicly available indicators produced, for example, by the ILO, the OECD or the World Bank. It
should also be seen as work in progress, for researchers to build on and improve upon. Based on
the dataset, major reforms appear to have been more frequent in product markets than in labor
markets in the last decades, and were predominantly implemented during the 1990s and 2000s.
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