search query: @author Moghadam, R. / total: 3
reference: 1 / 3
« previous | next »
Author: | Moghadam, R. Rijckeghem, C. van |
Title: | Unemployment hysteresis, wage determination, and labor market flexibility: the case of Belgium |
Journal: | Staff Papers
1995 : DEC, VOL. 42:4, p. 882-893 |
Index terms: | UNEMPLOYMENT WAGE DETERMINATION BELGIUM |
Language: | eng |
Abstract: | This paper examines unemployment hysterisis in the Belgian labor market. It estimates models of wage determination using aggregate and firm-level panel data. The conclusions are: (i) the long-term unemployed do not exert a negative impact on wages; and (ii) the incumbent workers, the "insiders", exercise market power in wage determination, taking greater account of their own interests than those of the unemployed "outsiders"; and (iii) the wage indexation system can cause a downward rigidity in real wages. |
« previous | next »
SCIMA