Proceedings from the ECFIN Workshop "The budgetary implications of structural reforms" - Brussels, 2 December 2005

Source

Description of data from which reform
indicators have been constructed

Country
coverage

Year
coverage

Reform
indicator

Labour

IMF

Labour market index consisting of the

EU-14

1970-

The      yearly

market reform

unweighted average of indicators of
employment restriction, unemployment benefit
replacement rate and benefit duration. The
index is normalized in such a way to be
between 0 and 1 and to increase as labour
market restrictions are reduced. Original data
source: Nickell and Nunziata (2001), Labour
Market Institutions Database and data used in
OECD data.

except
EL

1998*

change in the
labour market
index is positive
and bigger than
the     median

positive change

Product

IMF

Index measuring entry barriers, public

EU-14

1975-

The      yearly

market reform

ownership, market structure, vertical
integration and price controls in public utilities
and transport services. The index is normalized
in such a way to be between 0 and 1 and to
increase as product market restrictions are
reduced. Original data source: Nicoletti and
Scarpetta (2003).

except
EL

1998

change in the
product market
index is positive
and bigger than
the     median

positive change

Pension
reforms

FRDB

Data reporting the years in which reforms in
the pension systems were approved by the
parliament and the main characteristics of
reforms.

EU-14

1985-

2001

A      pension

reform making
the system less
generous took
place in the year