The unemployment rate among young people has reached painfully high levels, in particular among those young people with low levels of education. There are two crucial policy priorities to improve employment prospects for youth in Spain. First, in the very short term, there is need for quick...

High levels of unemployment and rising social charges have lead to considerable pressure on labour markets to adjust. Major steps in labour market reform have been implemented over the last three years. These need to be followed up in several respects in order to raise the economy’s capacity...

Turkey can achieve strong sustainable growth and job creation but further reforms in the labour market, education and product markets are required for such gains to materialise. In recent years, growth has been largely driven by the industrial catch-up of Anatolian regions, although the Marmara...

Das deutsche System der industriellen Beziehungen weist im internationalen Vergleich gemeinhin ein hohes Mass an Verrechtlichung auf. Umso ueberraschender ist der Umstand, dass das Recht und seine Akteure, Institutionen und Verfahren in der Forschung ueber Arbeitsbeziehungen seit Jahrzehnten...

The present paper develops a simple asymmetrical informational model that allows us to understand the individual´s willingness to participate in a strike. We develop and compare two signaling models of strikes: in one, firms are able to monitor and enforce hours and offer different workweeks to...

The present paper aims at explaining strike incidence, measured by the proportion of strikers observed in each sector, and strike severeness, proxied by a measure of mean strike hours lost per worker in each industry. We find that Industry concentration dissuades striking – more concentrated...

This paper surveys recent work in equilibrium models of labor markets characterized by search and recruitment frictions and by the need to reallocate workers across productive activities. The duration of unemployment and jobs and wage determination are treated as endogenous outcomes of job...

The unemployment rate among young people has reached painfully high levels, in particular among those young people with low levels of education. There are two crucial policy priorities to improve employment prospects for youth in Spain. First, in the very short term, there is need for quick...

Low growth and huge current account deficits have characterised the Portuguese economy over the past decade. Easy credit in global markets, combined with the absence of incentives to limit loan-to-deposit ratios until recently, made it possible to finance internationally high levels of...

Structural transformation towards a more knowledge-based economy will strengthen Spain’s medium-term growth prospects. To deal with long standing impediments to higher growth the government has a substantial structural reform programme touching on education, the labour market and the business...