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unemployment. This link becomes more evident when wage inflation is disaggregated at sectoral and occupational levels. Using … exogenous variations in local market unemployment as the main identification strategy, a negative correlation between vacancy …-level wage and unemployment is also established. The correlation magnitude, however, is different across regions and skill …
Persistent link: https://www.econbiz.de/10012255418
long as wages serve as a utility equalizing device. Using a partial measure of overall job satisfaction - satisfaction with …
Persistent link: https://www.econbiz.de/10013159146
Measured by changes in real wages, earnings inequality and unemployment, the economic position of lower skilled workers …-skilled workers, caused mainly by computerization and related forms of advanced technology, explain both the declining wages of low … skilled workers in the "flexible" labor market of the United States and high and rising unemployment in "rigid" European labor …
Persistent link: https://www.econbiz.de/10014216462
whether the historical relationship between wages and unemployment has weakened and whether composition effects moderated wage … growth. The results suggest a negative answer to both questions. Wages in the EU have not stopped reacting to unemployment … unemployment. There are only a few Member States with a significant 'shortfall' in wage growth, including both low and high-unemployment …
Persistent link: https://www.econbiz.de/10011971221
. They also suggest that screening and monitoring costs imply a lower sensitivity of wages to ability in larger …
Persistent link: https://www.econbiz.de/10013318234
public sector can be an important determinant of private employment and unemployment. I look at the case of geographically … homogeneous wages across regions with different private sector productivity, and show that public employment generates a crowding … productivity unbalance across regions, is responsible for up to 40% of the unemployment gap between the North and South. Policy …
Persistent link: https://www.econbiz.de/10010410271
Aside from employment protection laws, which have been converging, other labor market institutions in new and old EU member states, such as wage bargaining coordination and labor union density, still differ considerably. These labor market institutions also differ among the new EU member states,...
Persistent link: https://www.econbiz.de/10011434034
In countries where wages are primarily set by collective bargaining, the effects on unemployment of changes in the … relations. In this paper, we examine the role this quality of labor relations has played in the evolution of unemployment across … relations have experienced higher unemployment. This conclusion remains even after controlling for labor institutions …
Persistent link: https://www.econbiz.de/10014070998
This article analyses wage flexibility as a factor in the unemployment rate across 12 Euro Area countries. We use … also identify countries with high unemployment that is not a consequence of a lack of wage flexibility …
Persistent link: https://www.econbiz.de/10013004903
This study quantifies the effect of aging on the age-wage profile, using data from Japan, which is the fastest aging country in the world. Using a model with imperfect substitution among labor inputs in different age groups, we obtain two findings. First, the change in age composition of male...
Persistent link: https://www.econbiz.de/10012847089