Interpreting European and US Labour Market Differences PDF Download

Author: Etienne Wasmer
Publisher:
ISBN:
Category : Capital investments
Languages : en
Pages : 48

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Author: Richard S. Belous
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 156

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Compares labour market developments in view of the completion of the European internal market in 1992 with earlier developments in the United States during the early 1980s. Includes a chapter on the future of labour relations in Germany.

Author: Francine D. Blau
Publisher: Russell Sage Foundation
ISBN: 1610440676
Category : Business & Economics
Languages : en
Pages : 327

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Book Description
Throughout the latter part of the 20th century, the U.S. labor market performed differently than the labor markets of the world's other advanced industrialized societies. In the early 1970s, the United States had higher unemployment rates than its Western European counterparts. But after two oil crises, rapid technological change, and globalization rocked the world's economies, unemployment fell in the United States, while increasing dramatically in other nations. At the same time, wage inequality widened more in the United States than in Europe. In At Home and Abroad, Cornell University economists Francine D. Blau and Lawrence M. Kahn examine the reasons for these striking dissimilarities between the United States and its economic allies. Comparing countries, the authors find that governments and unions play a far greater role in the labor market in Europe than they do in the United States. It is much more difficult to lay off workers in Europe than in the United States, unemployment insurance is more generous in Europe, and many fewer Americans than Europeans are covered by collective bargaining agreements. Interventionist labor market institutions in Europe compress wages, thus contributing to the lower levels of wage inequality in the European Union than in the United States. Using a unique blend of microeconomic and microeconomic analyses, the authors assess how these differences affect wage and unemployment levels. In a lucid narrative, they present ample evidence that, as upheavals shook the global economy, the flexible U.S. market let wages adjust so that jobs could be maintained, while more rigid European economies maintained wages at the cost of losing jobs. By helping readers understand the relationship between different economic responses and outcomes, At Home and Abroad makes an invaluable contribution to the continuing debate about the role institutions can and should play in creating jobs and maintaining living standards.

Author: Giuseppe Bertola
Publisher:
ISBN:
Category : Employees
Languages : en
Pages : 40

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Despite stringent dismissal restrictions in most European countries, rates of job creation and destruction are remarkably similar across European and North American labor markets. This paper shows that relative-wage compression is conducive to higher employer-initiated job turnover, and argues that wagesetting institutions and job-security provisions differ across countries in ways that are both consistent with rough uniformity of job turnover statistics and readily explained by intuitive theoretical considerations. When viewed as a component of the mix of institutional differences in Europe and North America, European dismissal restrictions are essential to a proper interpretation of both similar patterns in job turnover and marked differences in unemployment flows.

Author: Edward P. Lazear
Publisher: University of Chicago Press
ISBN: 0226470512
Category : Business & Economics
Languages : en
Pages : 473

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The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the distribution of wages across individuals in the economy, wage differentials within firms remain a mystery to economists. The first effort to examine linked employer-employee data across countries, The Structure of Wages:An International Comparison analyzes labor trends and their institutional background in the United States and eight European countries. A distinguished team of contributors reveal how a rising wage variance rewards star employees at a higher rate than ever before, how talent becomes concentrated in a few firms over time, and how outside market conditions affect wages in the twenty-first century. From a comparative perspective that examines wage and income differences within and between countries such as Denmark, Italy, and the Netherlands, this volume will be required reading for economists and those working in industrial organization.

Author: N. A. Barr
Publisher: World Bank Publications
ISBN: 0821361198
Category : Business & Economics
Languages : en
Pages : 286

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'Labor Markets and Social Policy in Central and Eastern Europe' summarises social policy reform during the transition and EU accession and analyses the social policy challenges which continue to face both old and new member states. Specifically, the book amplifies two sets of arguments. First, social policy under communism was in important respects well-suited to the old order and—precisely for that reason—was systematically badly-suited to a market economy. Strategic reform directions thus followed from the nature of the transition process and from constraints imposed by EU accession. Secondly, successful accession is not the end of the story: economic and social trends over the past 50 years are creating strains for social policy which all countries—old and new members—will have to face.This book will be of interest to readers interested in social policy, particularly those with an interest in the process of post-communist transition, in EU accession, and in future social policy challenges for the wider Europe. It should be of interest to academics in departments of economics, social policy and political science, and to policy makers, including government advisers and civil servants.

Author: Mai Dao
Publisher: International Monetary Fund
ISBN: 1475598599
Category : Business & Economics
Languages : en
Pages : 38

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We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state-relative labor demand shocks. We find that (i) the long-run effect of a state-specific shock on the state employment level has decreased over time, suggesting less overall net migration in response to a regional shock, (ii) the role of the participation rate as absorber of regional shocks has increased, (iii) the response of net migration to regional shocks is stronger, while that of relative unemployment is weaker during aggregate downturns, and (iv) the change in the response intensity of migration is related to the declining trend in regional dispersion of labor market conditions. Finally, using regional data for a set of 21 European countries, we show that while the short-term response of participation rates to labor demand shocks is typically larger in Europe than in the US, the immediate response of net migration in Europe has increased over time.

Author: Tito Boeri
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

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Why do Europeans work so little compared to Americans? Can they be induced to work more without reducing labour productivity? This volume explores these questions and more in order to understand the changing nature of the hours worked in the USA and EU, as well as the effects of policies that impose working hour restrictions.

Author: Alberto Alesina
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 24

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Book Description
This paper discusses why UNECE countries have chosen different social welfare policies, focusing on why the American welfare system is less generous than the typical European one, and examines the causes and implications of these differences. It also explores variations in welfare policies within western European countries by comparing their effectiveness, successes and failures.

Author:
Publisher:
ISBN:
Category : Labor laws and legislation
Languages : en
Pages : 416

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Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.