This paper deals with the effects to labour market institutions on labour market performance. We analyse the employment … threshold (the minimum growth rate necessary to keep employment constant) which is an indicator for the labour intensity of … production. We show for 17 OECD countries for the period 1971 to 2002 that the strictness of employment protection, the extent of …

historically focussed on reducing unemployment (the tip of the iceberg), the group of inactive people (below the waterline) is much … larger. Therefore, we point to the clear limitations of the unemployment rate as the (single) key macro-economic indicator of … the health of the labour market. A parsimonious dashboard approach utilising the unemployment-to-population ratio and the …