The Identifiability Effect

Gilles Saint‐Paul

in The Political Economy of Labour Market Institutions

Published in print September 2000 | ISBN: 9780198293323
Published online November 2003 | e-ISBN: 9780191596841 | DOI:
 The Identifiability Effect

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Discusses another source of status‐quo bias, namely the identifiability effect. This refers to the fact that the gainers and losers from an institution currently in place are better identified than those from an institution not currently prevailing. The identifiability effect leads to status‐quo bias provided uncertainty redistributes losses from non‐decisive to decisive voters. The concept is then applied to analysing the impact of business cycles on the optimal timing of labour market reform.

Keywords: business cycles; Identifiability effect; political hysteresis; timing of reform

Chapter.  7472 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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