[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1998
Kiel Working Paper 855
Labour market flexibility is the key to sustainable economic development in advanced economies. The factor price frontier is used to analyse labour market adjustment in Ireland from the sixties to the present. The theoretical and empirical analysis lend support to the wideheld belief that excessive wage increases due to the interaction of the bargaining system and institutional rigidities have been at the root of the Irish unemployment problem in the eighties.
Factor Price Frontier Labour Market Adjustment Ireland