Labor market rigidities and unemployment in Europe
The paper studies the major institutional changes that are at the root of the increase in the west European unemployment rate in the last quartercentury from below 3 percent to 11 percent. The institutional characteristics of wage bargaining, the tax wedge and the legal rules hamper the self-equilibrating function of the labor market. The reservation wage, implicitly increased by the rise of the welfare state, has affected the bargaining process, the wage level and the wage structure. Econometric evidence is presented. Unemployment differs depending on the Scandinavian, the French-Mediterranean, the German and the British-Dutch approach to the labor market.
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- Lindbeck, Assar, 1996.
"The West European Employment Problem,"
Working Paper Series
466, Research Institute of Industrial Economics.
- Assar Lindbeck, 1996. "The West European employment problem," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 132(4), pages 609-637, December.
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"The Impact of the Potential Duration of Unemployment Benefits on the Duration of Unemployment,"
NBER Working Papers
2741, National Bureau of Economic Research, Inc.
- Katz, Lawrence F. & Meyer, Bruce D., 1990. "The impact of the potential duration of unemployment benefits on the duration of unemployment," Journal of Public Economics, Elsevier, vol. 41(1), pages 45-72, February.
- Lawrence Katz & Bruce Meyer, 1988. "The Impact of the Potential Duration of Unemployment Benefits on the Duration of Unemployment," Working Papers 621, Princeton University, Department of Economics, Industrial Relations Section..
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- Steven J. Davis, 1992.
"Cross-Country Patterns of Change in Relative Wages,"
in: NBER Macroeconomics Annual 1992, Volume 7, pages 239-300
National Bureau of Economic Research, Inc.
- Steven J. Davis, 1992. "Cross-Country Patterns of Change in Relative Wages," NBER Working Papers 4085, National Bureau of Economic Research, Inc.
- Lars Calmfors, 1993. "Centralisation of Wage Bargaining and Macroeconomic Performance: A Survey," OECD Economics Department Working Papers 131, OECD Publishing.
- Moffitt, Robert, 1992. "Incentive Effects of the U.S. Welfare System: A Review," Journal of Economic Literature, American Economic Association, vol. 30(1), pages 1-61, March.
- Siebert, Horst & Stähler, Frank, 1994. "Sozialtransfer und Arbeitsangebot," Kiel Working Papers 648, Kiel Institute for the World Economy.
- Soltwedel, Rüdiger & Bothe, Adrian & Hoffmeyer, Martin & Laaser, Claus-Friedrich & Lammers, Konrad & Merz, Monika & Reuter, Dieter, 1990. "Regulierungen auf dem Arbeitsmarkt der Bundesrepublik," Open Access Publications from Kiel Institute for the World Economy 418, Kiel Institute for the World Economy (IfW).
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