Labour Market Adjustment
In: The Economic Journal, Band 87, Heft 347, S. 592
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In: The Economic Journal, Band 87, Heft 347, S. 592
In: Edward Elgar E-Book Archive
The group of contributors in this book come from academia and international organizations in Europe and the USA. They focus on trade unions, which affect real-wage flexibility and the provision of training to workers. They also concentrate on employment protection legislation, which discourages firms from firing old workers and also from hiring new ones. The structure of housing market imperfections that can greatly affect regional mobility is also discussed
In: Economic and industrial democracy: EID ; an international journal, Band 16, Heft 3, S. 464-466
ISSN: 0143-831X
In: Economica, Band 53, Heft 209, S. 63
World Affairs Online
In: The collected research studies 18
In: Stato e mercato, Heft 86
ISSN: 0392-9701
In: Theses on systems, organization and management
In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 35, Heft 2, S. 162-170
ISSN: 0036-9292
THIS PAPER REPORTS ON THE FINDINGS OF A SURVEY OF ENGINEERING FIRMS IN THE WEST MIDLANDS TO INVESTIGATE THE INTRODUCTION OF ADVANCED TECHNOLOGICAL SYSTEMS IN THE PRODUCTION PROCESS. THE FINDINGS REVEAL A RELATIVELY LOW LEVEL OF ADOPTION OF SUCH SYSTEMS COMPARED WITH OUR MAJOR COMPETITORS AND ALSO THAT TRAINING IS VERY HEAVILY CONCENTRATED IN A SMALL NUMBER OF FIRMS. THE PAPER CONSIDERS THE IMPLICATIONS FOR THE ECONOMY OF THIS UNDERINVESTMENT WHICH IS ASSOCIATED WITH A SIMILAR RELATIVE UNDER INVESTMENT IN SKILLS. ALTHOUGH PRESENT CONSENSUS INCLINES TOWARDS EXPLANATION OF THE RELATIVELY POOR PERFORMANCE OF BRITISH INDUSTRY IN TERMS OF LONG STANDING CULTURAL INADEQUACIES, SHORTER TERM ANALYSES FOCUS MORE SPECIFICALLY ON THE ROLE OF ADVANCED TECHNOLOGY IN ENSURING SUCCESS, AND CONVERSELY ON THE FAILURE OF BRITISH FIRMS TO KEEP ABREAST OF BEST PRACTICE TECHNOLOGY.
In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 35, Heft 2, S. 162-170
ISSN: 1467-9485
In: http://www.izajom.com/content/5/1/21
Abstract This paper assesses the role of labour mobility in the adjustment to asymmetric economic shocks in the EU. After presenting a series of stylised facts of mobility in the EU, it assesses mobility as a channel of economic adjustment by means of a vector autoregression (VAR) analysis in the vein of Blanchard and Katz (BPEA 1:1–75, 1992). Results indicate that, over the period 1970–2013, mobility absorbed about a quarter of an asymmetric shock within 1 year. Movements in response to shocks have almost doubled since the introduction of the euro. In contrast to previous papers on the labour market adjustment in the EU, the response of wages is integrated to the analysis. It is found that real wages have also become more responsive to asymmetric shocks. JEL Classification: J61, J64
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This paper assesses the role of labour mobility in the adjustment to asymmetric economic shocks in the EU. After presenting a series of stylised facts of mobility in the EU, it assesses mobility as a channel of economic adjustment by means of a vector autoregression (VAR) analysis in the vein of Blanchard and Katz (BPEA 1:1-75, 1992). Results indicate that, over the period 1970-2013, mobility absorbed about a quarter of an asymmetric shock within 1 year. Movements in response to shocks have almost doubled since the introduction of the euro. In contrast to previous papers on the labour market adjustment in the EU, the response of wages is integrated to the analysis. It is found that real wages have also become more responsive to asymmetric shocks.
BASE
In: IZA journal of migration: IZAJOM, Band 5, Heft 1
ISSN: 2193-9039
Abstract
This paper assesses the role of labour mobility in the adjustment to asymmetric economic shocks in the EU. After presenting a series of stylised facts of mobility in the EU, it assesses mobility as a channel of economic adjustment by means of a vector autoregression (VAR) analysis in the vein of Blanchard and Katz (BPEA 1:1–75, 1992). Results indicate that, over the period 1970–2013, mobility absorbed about a quarter of an asymmetric shock within 1 year. Movements in response to shocks have almost doubled since the introduction of the euro. In contrast to previous papers on the labour market adjustment in the EU, the response of wages is integrated to the analysis. It is found that real wages have also become more responsive to asymmetric shocks.
JEL Classification: J61, J64
This paper assesses macroeconomic determinants of labour mobility and its role in the adjustment to asymmetric shocks. First, the paper develops stylised facts of mobility at the national and sub-national levels in the EU. Then, it explores the macroeconomic determinants of bilateral migration flows. Econometric evidence suggests that labour mobility increases significantly when a country joins the EU. While euro area membership seems not to be associated with an overall rise in the magnitude of mobility flows, workers do appear more ready to move from countries where unemployment is high to those where it is lower. Thirdly, the paper looks at mobility as a channel of economic adjustment by means of a VAR analysis in the vein of Blanchard and Katz (1992). Results indicate that mobility absorbs about a quarter of an asymmetric shock within 1 year. Movements in response to shocks have almost doubled since the introduction of the euro. Real wages have also become more responsive to asymmetric shocks during the same period.
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