the employment performances of those countries. Moreoever, these institutions act asymmetrically along the business cycle …

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 …

, and in the growth of their labour forces. Whereas China - a labour-surplus economy par excellence despite unemployment … historically has been short of labour - is moving towards increased labour surplus in the form of open unemployment. The paper …

of wages to local unemployment. Examining this spatial relationship, we find that the elasticity of wages to local … unemployment rates in South Africa is -0.1, similar to that found in other countries, including the US and the UK. This is striking … because South Africa has a national unemployment rate of over 30%. We find that the wage curve elasticity persists over a much …

South Africa’s unemployment rate is one of the highest in the world, and it has important distributional implications …. The paper examines the incidence of unemployment using two national household surveys for the mid-1990s. Both entry to … unemployment and the duration of unemployment are examined. A probit model of the determinants of unemployment is estimated: it …