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Unemployment in Britain has fallen from high European-style levels to US levels. I argue that the key reasons are first the reform of monetary policy, in 1993 with the adoption of inflation targeting and in 1997 with the establishment of the independent Monetary Policy Committee, and second the...
Persistent link: https://www.econbiz.de/10010928626
This paper is an empirical analysis of unemployment patterns in the OECD countries from the 1960s to the 1990s, looking at the Beveridge Curves, real wages as well as unemployment directly. Our results indicate the following. First, the Beveridge Curves of all the countries except Norway and...
Persistent link: https://www.econbiz.de/10010745475
We survey the microfoundations, empirical evidence and estimation issues underlying the aggregate matching function. Several microeconomic matching mechanisms have been suggested in the literature with some successes but none is generally accepted as superior to all others. Instead, an aggregate...
Persistent link: https://www.econbiz.de/10010745553
The percentage of workers who choose not to join the union available to them at their workplace has been rising in Britain and New Zealand. Social custom, union instrumentality, the fixed costs of joining, employee perceptions of management attitudes to unionization and employee problems at work...
Persistent link: https://www.econbiz.de/10010746724
This paper presents evidence on gender segregation in employment contracts in 15 EU countries, using micro data from …
Persistent link: https://www.econbiz.de/10010884580
This paper studies the dynamics of labour demand and the determinants of employment rates across the OECD. We find: (i …) labour demand adjusts less rapidly when employment protection is more strict and union density is higher; (ii) there is no … evidence that overall job turnover is influenced by employment protection; (iii) union density and coverage are negatively …
Persistent link: https://www.econbiz.de/10010884729
Market work per person of working age differs widely across the OECD countries and there have been some significant changes in the last forty years. How to explain this pattern? Taxes are part of the story but much remains to be explained. If we include all the elements of the social security...
Persistent link: https://www.econbiz.de/10010884748
Theoretical predictions of the effect of TFP growth on employment are ambiguous, and depend on the extent to which new … technology is embodied in new jobs. We estimate a model for employment, wages and investment with an annual panel for the United … States, Japan and Europe and find that TFP growth increases employment. For the United States TFP growth explains the trend …
Persistent link: https://www.econbiz.de/10010928604
Persistent link: https://www.econbiz.de/10005776286
Persistent link: https://www.econbiz.de/10005776301