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Jiyeoun Song focuses on South Korea and Japan, which have advanced labor market reform and confronted the rapid rise of a split in labor markets between protected regular workers and underprotected and underpaid nonregular workers.
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The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market … has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply … to an increased relative skill demand which is not matched by the skill supply and therefore mis-match unemployment …
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The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market … has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply … to an increased relative skill demand which is not matched by the skill supply and therefore mis-match unemployment …
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In Europe, high and persistent unemployment is usually attributed entirely to "labor market rigidity". The only remedy … unemployment in Europe: over-regulation and weakness of competition in good markets, and an excessively contractionary combination …
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