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The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States PDF
By:Mr. Alun H. Thomas
Published on 1994-12-01 by International Monetary Fund

This paper assesses the responsiveness of wages and labor force movements to employment shocks across British and U.S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all three areas in that each area’s real wage responds very little to employment shocks. However, the response of the labor force to employment shocks is much greater in the United States compared to Europe. The strong labor force response in the United States prevents any persistence in relative regional unemployment rates whereas the lack of mobility in Europe results in persistent unemployment rate differentials across British regions and European nations. Europe must therefore adopt measures to reduce barriers to immobility if it is to succeed in moderating the persistence in relative unemployment rates.

This Book was ranked at 31 by Google Books for keyword Employment.

Book ID of The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States's Books is sUQhRmzFPs8C, Book which was written byMr. Alun H. Thomashave ETAG "5iiww10rDjk"

Book which was published by International Monetary Fund since 1994-12-01 have ISBNs, ISBN 13 Code is 9781455284856 and ISBN 10 Code is 1455284858

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Download The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States PDF Free

Download The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States Books Free

Download The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States Free

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