search query: @indexterm EUROPE, WEST / total: 533
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| Author: | Calmfors, L. Lang, H. |
| Title: | Macroeconomic effects of active labour market programmes in a union wage-setting model |
| Journal: | Economic Journal
1995 : MAY, VOL. 105:430, p. 601-619 |
| Index terms: | MODELS POLICY EUROPE, WEST |
| Language: | eng |
| Abstract: | The recent Western European policy debate on unemployment has emphasised the benefits of active labour market programmes. The authors analyse the effects on wage pressure and equilibrium employment in a union wage-setting framework. Programmes are wage-reducing to the extent that they help maintain effective labour-force participation. But they may also weaken insider incentives for wage restraint as the disutility of lay-offs becomes smaller. |
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