| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP232 |
| DP232 Wage Setting and Labour Market Adjustment in Europe, Japan and the USA | |
| George Alogoskoufis; Alan Manning | |
| 发表日期 | 1988-03-01 |
| 出版年 | 1988 |
| 语种 | 英语 |
| 摘要 | In this paper we present an investigation of unemployment persistence in Japan, the United States and fourteen European economies. We concentrate on the sources of slow adjustment in the labour market, such as sluggishness in labour demand and persistence in the employment and wage targets of wage-setters. Two structural characteristics seem to account for most of the recent differential unemployment persistence in our sample of countries: first, sluggishness in labour demand, and second, the relative weighting in the preferences of wage-setters of real wage deviations from target as against employment deviations from target. We also examine the short-run and medium-run effects on unemployment of shocks and policies that shift the labour demand and wage-setting curves respectively. Finally, we examine the implications of our findings for current policy debates. |
| 主题 | International Macroeconomics |
| 关键词 | Adjustment Labour market flexibility Unemployment Wage-setting process |
| URL | https://cepr.org/publications/dp232 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529387 |
| 推荐引用方式 GB/T 7714 | George Alogoskoufis,Alan Manning. DP232 Wage Setting and Labour Market Adjustment in Europe, Japan and the USA. 1988. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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