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This paper provides a critical view of the cross country literature on the impact of labour market institutions and … policies on the evolving pattern of unemployment in OECD countries. Such widely used indicators as the generosity of … unemployment insurance or the strength of trade unions are neither strongly correlated individually with unemployment nor …
Persistent link: https://www.econbiz.de/10004977897
the employment performances of those countries. Moreoever, these institutions act asymmetrically along the business cycle …
Persistent link: https://www.econbiz.de/10010605131
s as unemployment and lack of opportunity in the formal sector deterred candidates from in-migrating. The Nairobi labour … considerably. In the 1990s the combination of higher unemployment, lower female participation rate and reduced migration of males …
Persistent link: https://www.econbiz.de/10010706872
characteristics of employment and unemployment in the country. This study, which presents the principal results of the survey, helps …
Persistent link: https://www.econbiz.de/10011074347
detailed picture of the main characteristics of employment and unemployment in the country. This study, which presents the …
Persistent link: https://www.econbiz.de/10011193766
impact of labour market institutions from 1960 to 1994. The main contribution of the paper is to show that labour market …. These results are consistent with the findings of a companion paper (Nickell et al., 2001) where the effects of institutions … on unemployment are examined. The model controls for macroeconomic shocks, and include the possibility of interactions …
Persistent link: https://www.econbiz.de/10010604969
This paper examines an open economy model in which equilibrium unemployment depends on capacity in the traded …-goods sector. The model is estimated using U.K. quarterly data and compared with alternative concepts of equilibrium unemployment … utilisation and the degree of volatility of the real exchange rate interact to generate changes in equilibrium unemployment. This …
Persistent link: https://www.econbiz.de/10010605112
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10010605118
The Welsh economy has undergone rapid structural change in recent years. This paper uses data from the New Earnings Survey to examine how earnings in Wales changed relative to those of Great Britain between 1975 and 1994. There are five main findings. First, earnings of workers in Wales have...
Persistent link: https://www.econbiz.de/10010605171
equalization allows the divergent wage experience as well as unemployment experience of Europe and America to be explained. Europe … reduces European unemployment (which increased under factor price equalization). …
Persistent link: https://www.econbiz.de/10010605208