Full employment was the centrepiece of the economic policy of social democracy in the post-war period. Whilst the role of Keynesianism in policy making may be exaggerated, it offered the prospect of maintaining full employment without any section of society having to pay. Problems with the...

This paper investigates the relationship between export market shares and relative unit labour costs using a long panel of twelve manufacturing industries across fourteen OECD countries. We ask two questions: (a) how sensitive are export market shares to changes in relative costs and (b) what...

This paper documents the employment disadvantage faced by the less qualified part of the labor force and examines the factors that influence the differing extent of this disadvantage across OECD countries. We argue that employment rates for quartiles of the population ranked by educational...

First paragraph: Since 1990 the UK economy has grown at 2.4 percent per year, compared to 1.7 percent in the Eurozone. The growth differential in favour of the British economy, previously regarded as the »sick man of Europe«, has even been increasing. Since 2000 the UK has grown twice as fast...