This study evaluates the long-term cost of unemployment in Finland by focusing on the deep recession period of the early 1990s. The number of plant closures increased sharply during the recession and the unemployment rate rose by more than 13 percentage points. In the analysis, prime working-age...

This paper takes a fresh look at the analysis of labour market dynamics and argues that capital accumulation plays a fundamental role in shaping unemployment movements. This role has generally been examined by considering indirect transmission channels of the capital stock effects, i.e. using...

This paper takes a fresh look at the analysis of labour market dynamics and argues that capital accumulation plays a fundamental role in shaping unemployment movements. This role has generally been examined by considering indirect transmission channels of the capital stock effects, i.e. using...

Tulopolitiikka on keskeinen osa työmarkkinoiden sopimusjärjestelmää ja talouspolitiikkaa Suomessa. Tästä huolimatta siitä ei ole juuri tehty kvantitatiivisia kokonaistaloudellisia arvioita, minkä laatiminen on tässä tutkimuksessa otettu tavoitteeksi. Aluksi keskustellaan...

The paper combines the short-run link between increases in aggregate demand and growth of GDP, which leads to a reduction in unemployment, with a definition of the equilibrium rate of unemployment that is independent of the growth rate. We first present evidence from the EU and the US that...

Keskustelunaloitteessa tarkastellaan työn vastaanottamisen kannattavuutta tilanteessa, jossa vapaa-aikaan sisältyvän kotityöhön käytettävän ajan väheneminen otetaan huomioon työllistymispäätöstä tehtäessä. Laskelmissa verrataan nettotulojen ja laskennallisen kotityön arvon...

This paper contains an empirical analysis of gross job flows in the context of the great depression of the early 1990s in Finland. The job flows are characterised in terms of employee age and education. The outflow of workers from employment occurs mainly through unemployment, unemployment...

This paper explores employment trends and structural changes in the labour force of Finnish manufacturing over the 10-year period 1985_95 and analyses the role thereby played by technological progress. The main results may be summarised as follows. The employment- enhancing role of high-tech...