benefits of wage moderation. By isolating structural from cyclical factors in a panel of industrial countries, I show that … structurally slower real wage growth, that is, "wage moderation," does raise output growth and lower unemployment rates. However, I …Euro-area real wages have decelerated sharply in the last 20 years, but this has not yet translated into visibly lower …

unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeconomic data to show that the … institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and … could have contributed to the ensuing higher rates of unemployment in the country. Moreover, the paper shows that states …

methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment/low-wage …This paper reviews several methods to measure wage flexibility, and their suitability for evaluating the extent of such … flexibility during times of structural change, when wage distributions and wage curves can be particularly volatile. The paper …

high standard of social security for the unemployed. It provides details of an empirical analysis of unemployment …The paper discusses the flexicurity model, its key policy elements, and association with a low unemployment rate and a …

labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …

This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual … perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from …

protection and benefits between regular and nonregular workers could help put Japan's wages on an upward trajectory in the medium …Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries … felt in all advanced economies. Reforms aimed at increasing productivity in services and reducing gaps in employment …

€”to improve employment rates in Finland. It summarizes recent labor market developments in Finland, and investigates respectively … the limitation of current unemployment and disability benefit schemes. The paper identifies possible strategies to … activate recipients, and focuses on strategies to boost youth employment rates. The paper also discusses the possibility of …

Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment … most likely because of a structural change in workers' behavior, i.e. "wage moderation". The outward shift was particularly … large between 1996 and 2000 and undoubtedly contributed strongly to the exceptional employment performance during that …

negotiations, the degree of unionization and the system of tripartism, the wage setting mechanism, and labor market programs. The … paper makes an assessment of the flexibility and efficiency of the Cypriot labor market, and in particular, the wage …