|
WEF LME
| WEF H&F | WEF Flex | WEF Coop |
Fraser LMR
| IMD LR | WB Rigidity | WB RedCost |
OECD EPL
|
---|
WEF LME
| 1.00 | | | | | | | | |
WEF H&F | 0.70 | 1.00 | | | | | | | |
WEF Flex | 0.41 | 0.57 | 1.00 | | | | | | |
WEF Coop | 0.78 | 0.46 | 0.12 | 1.00 | | | | | |
Fraser LMR
| 0.61 | 0.48 | 0.47 | 0.38 | 1.00 | | | | |
IMD LR | 0.75 | 0.78 | 0.41 | 0.66 | 0.52 | 1.00 | | | |
WB Rigidity | −0.66 | −0.61 | −0.39 | −0.46 | −0.72 | −0.67 | 1.00 | | |
WB RedCost | −0.47 | −0.19 | −0.01 | −0.26 | −0.62 | −0.33 | 0.27 | 1.00 | |
OECD EPL
| −0.50 | −0.38 | −0.17 | −0.22 | −0.46 | −0.36 | 0.59 | 0.51 | 1.00 |
- Correlations are based on the IMD sample of countries
-
WEF LME—WEF Labor Market Efficiency Index
- WEF and Fraser H&F—WEF Hiring and Firing survey question “Hiring and firing workers is… 1=impeded by regulations, 7=flexibly determined by employers”; one of the components of WEF LME and Fraser LMR
- WEF and Fraser Flex—WEF Flexibility of Wage Determination survey question, one of the components of WEF LME and of Fraser LMR
- WEF Coop—WEF Cooperation in labour-employer relations survey question, one of the components of LME
-
Fraser LMR—Fraser Labor Market Regulations index
- IMD LR—IMD Labor relations survey question “Labor regulations (hiring and firing practices, minimum wages etc.) … 1 = are not flexible enough, 6 = are flexible enough”
-
WB Rigidity—World Bank Rigidity of Employment index
- WB RedCost—World Bank Redundancy Cost
-
OECD EPL—OECD EPL Strictness Indicator (individual and collective dismissals) (OECD 2014)
-
Source: own calculations