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| Author: | Pentocost, E. J. Sessions, J. G. |
| Title: | Changing labour market flexibility in the European Union |
| Journal: | Weltwirtschaftliches Archiv
2002 : VOL. 138:1, p. 148-160 |
| Index terms: | LABOUR LABOUR MARKETS FLEXIBILITY EUROPEAN UNION |
| Language: | eng |
| Abstract: | In this paper the authors investigate the extent and causes of structural differentials across European labour markets by focusing on the correlates of member states' sacrifice ratios. The authors' results suggest that social protection and the 'openness' of an economy are important determinants of the sacrifice ratio. To this end, the continued integration of EU product markets is likely to be an important factor in reducing the sacrifice ratios in the national EU economies. This conclusion is of course conditioned by the limited quantity of data, and further time series data may make this a premature conclusion. The paper provides a substantial list of references on this subject. |
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