Europe Institutional reforms that really matter: OECD institutional indicators vs. Dutch reform history. Ruud Gerards, Manuel Müllers and Joan Muysken CofFEE-Europe Maastricht University, Department of Economics Presented by Ruud Gerards at AIAS 6 November 2008 http://www.ruudgerards.nl
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Europe Institutional reforms that really matter: OECD institutional indicators vs. Dutch reform history. Ruud Gerards, Manuel Müllers and Joan Muysken.
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EuropeInstitutional reforms that really matter: OECD institutional indicators vs. Dutch reform history.
Ruud Gerards, Manuel Müllers and Joan Muysken
CofFEE-EuropeMaastricht University, Department of Economics
Presented by Ruud Gerards at AIAS 6 November 2008
http://www.ruudgerards.nl
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Outline
• Methodology
• Dutch reform history
• Econometric evidence
• Comparison with OECD indicators
• Conclusions
• Further research/refinement of research
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IntroductionFigure 1. Social security benefit recipients
0
500
1000
1500
2000
2500
Time
Be
ne
fit
rec
ipie
nts
x 1
00
0
Unemploymentor SocialAssistance
Disability
Sickness
Dutch Disease
Dutch Miracle
Objectives
• Which reforms have had considerable impact?
• Do OECD institutional indicators correctly pick up these reforms?
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Methodology
• Our methodology builds on Stegeman 2005 (Netherlands bureau for economic policy analysis, CPB)
• In 1980-2003 there were too many reforms to test econometrically
• Qualitative analysis (literature research) gives us pre-selection of reforms
• Econometrics used to test the selection of reforms
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Methodology
• Qualitative analysis
• Fondazione Rodolfo Debenedetti Social Reforms Database
• Brandt et al
• LABREF Labor Market Reforms Database
• OECD economics surveys
• Literature review
• Ranking
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Dutch reform history
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Dutch reform history: Areas and instruments
• Reform areas – Disability– Sickness– Unemployment– ALMP– EPL