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Title:Labor market rigidities and unemployment in Europe PDF Logo
Authors:Siebert, Horst
Issue Date:1997
Series/Report no.:Kiel Working Papers 787
Abstract: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.
JEL:J20
J30
J50
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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