The pace of reforms has varied across policy areas
A large share of priorities has been retained over the years
Structural policy settings have generally converged across countries
The estimated average effects of past structural reforms are sizeable for some countries
Further convergence towards policy best practice could yield substantial gains
Product market regulation
Changes in pension wealth
Net replacement rates for unemployment
Minimum wage and cost of labour
Labour income taxation
Financial incentives to work for second earners
Support to innovation
Job protection legislation
Share of direct taxes