Did European Labor Makets Become more Competitive in the 1990's? Evidence from Estimated Worker Rents
Abstract
This Paper analyses the evolution of quantitative measures of employee rents in Europe during the nineties, using the European Household Panel Survey. I look at two classes of measures: wage differentials between workers along industry and firm size dimensions; and estimated welfare differences between employed and unemployed using a model of labour market transitions. The results are largely negative; there is robust evidence of falling rents during that period only in Ireland.(This abstract was borrowed from another version of this item.)
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Paper provided by Institut d'Économie Industrielle (IDEI), Toulouse in its series IDEI Working Papers with number 266.Length:
Date of creation: Feb 2004
Date of revision:
Handle: RePEc:ide:wpaper:1759
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Keywords:Other versions of this item:
- Giles Saint-Paul, 2005. "Did European Labor Markets Become More Competitive in the 1990s? Evidence from Estimated Worker Rents," Central Banking, Analysis, and Economic Policies Book Series, in: Jorge Restrepo & Andrea Tokman R. & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Edi (ed.), Labor Markets and Institutions, edition 1, volume 8, chapter 8, pages 281-300 Central Bank of Chile.
- Saint-Paul, Gilles, 2004. "Did European Labour Markets Become More Competitive in the 1990's? Evidence from Estimated Worker Rents," CEPR Discussion Papers 4327, C.E.P.R. Discussion Papers.
- D30 - Microeconomics - - Distribution - - - General
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
References
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- Olivier J. Blanchard & Lawrence H. Summers, 1987.
"Hysteresis and the European Unemployment Problem,"
NBER Working Papers
1950, National Bureau of Economic Research, Inc.
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NBER Working Papers
5757, National Bureau of Economic Research, Inc.
- Ricardo J. Caballero & Mohamad L. Hammour, 1998. "The Macroeconomics of Specificity," Journal of Political Economy, University of Chicago Press, vol. 106(4), pages 724-767, August.
- Caballero, R-J & Hammour, M-L, 1996. "The Macroeconomics of Specificity," Working papers 96-25, Massachusetts Institute of Technology (MIT), Department of Economics.
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