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relative wage of the skilled. Increasing unemployment results only for a restrictive assumption about labor market rigidities. …
Persistent link: https://www.econbiz.de/10005755135
This paper evaluates the implications for employment, productivity and wages of allowing for more flexibility in weekly hours worked introduced in the recent Spanish labour market reform (the 2012 reform). A crucial aspect of the model will be the extent to which firms will be able to choose the...
Persistent link: https://www.econbiz.de/10010956138
Skill-biased technical change is identified as the driving force behind the changing skill composition in OECD countries rather than structural change. The finding is partly the result of the sectoral view taken. This paper suggests a different view which uses the production process as a...
Persistent link: https://www.econbiz.de/10009276245
examining the relationship between output and demand as mediated by changes in unemployment, or Okun's law. We also demonstrate …
Persistent link: https://www.econbiz.de/10005097460
led to the emergence of a private sector and open unemployment. The Belarusian labor market is characterized by low … official unemployment, combined with a low share of the private sector in the aggregate employment. However, the cumulative …, and the youth unemployment remains high. The mismatch in skills between the unemployed and the vacancies and the …
Persistent link: https://www.econbiz.de/10005652632
Foreign investors are expected to contribute to economic development through a variety of channels. However, many foreign investment operations are small, and almost insignificant in their impact on the local environment. An important indication of the potential contribution of foreign investors...
Persistent link: https://www.econbiz.de/10005784688
Rising wage inequality in the U.S. and Britain and rising continental European unemployment have led to a popular view …
Persistent link: https://www.econbiz.de/10005652543
This paper examines the determinants of wage pressure in large companies, including ownership characteristics and the impact of regional labour markets. By using a panel of 329 Polish largest firms during the period 1997- 2001, we find evidence of rent sharing activities, however there is also...
Persistent link: https://www.econbiz.de/10005784708
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...
Persistent link: https://www.econbiz.de/10010955922
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10005083343