Unemployment and Labor Market Rigidities: Theory, Empirical Evidence and Recent Labor Market Reforms - Couverture souple

Drechsler, Denis

Couverture souple

ISBN 10 : 3836429667 ISBN 13 : 9783836429665

Editeur : VDM Verlag Dr. Mueller E.K., 2007

Synopsis

Many European countries have experienced a significant increase of unemployment in recent years. This publication reviews several theoretical models that try to explain this phenomenon. Predominantly, these models claim a link between the poor performance of European labor markets and the high level of market regulation. Commonly referred to as the Eurosclerosis debate, prominent approaches consider insider-outsider relationships, search-models, and the influence of hiring and firing costs on equilibrium employment. The publication presents empirical evidence of each model and studies the relevance of the identified rigidities as a determinant of high unemployment in Europe. Furthermore, a case study analyzes high unemployment rates in Germany and critically discusses recent reform efforts. This study provides a sober and unprejudiced analysis of the European labor market and its weaknesses. According to the author's convincing argument, substantial efforts are still needed in the areas of institutional reform and incentive-based labor market policy. The book is a must read for political and economic decision-makers. Prof. Dr. Klaus F. Zimmermann; Director; Institute for the Study of Labor (IZA), Germany. A superb piece, well documented, comprehensive and with many useful insights and policy recommendations, on one of the most important topics in Europe. A must for all those interested in unemployment and labor market issues. Javier Santiso; Acting Director and Chief Economist; OECD Development Centre, France.

A propos du livre

Présentation de l'éditeur

Revision with unchanged content. Many European countries have experienced a significant increase of unem­ploy­ment in recent years. This publication reviews several theoretical models that try to explain this phenomenon. Predominantly, these models claim a link between the poor performance of European labor markets and the high level of market regulation. Commonly referred to as the Eurosclerosis debate, prominent approaches consider insider-outsider relationships, search-models, and the influence of hiring and firing costs on equilibrium employment. The publication presents empirical evidence of each model and studies the rele­vance of the identified rigidities as a determinant of high unemployment in Europe. Furthermore, a case study analyzes high unemployment rates in Germany and critically discusses recent reform efforts. "This study provides a sober and unprejudiced analysis of the European labor market and its weaknesses. According to the author's convincing argument, substantial efforts are still needed in the areas of institutional reform and incentive-based labor market policy. The book is a must read for political and economic decision-makers." Prof. Dr. Klaus F. Zimmermann; Director; Institute for the Study of Labor (IZA), Germany.

Biographie de l'auteur

Denis Drechsler is a Project Manager at the Food and Agriculture Organization of the United Nations. In the past, he worked at the OECD Development Centre and the World Bank. Denis completed his graduate studies in political science and economics at Potsdam University, the Institute d'Etudes Politiques de Grenoble and the University of Wisconsin.

Détails de l'édition

• Éditeur: VDM Verlag Dr. Mueller E.K.
• Date d'édition: 2007
• Langue: anglais
• ISBN 10: 3836429667
• ISBN 13: 9783836429665
• Reliure: Broché
• Nombre de pages: 84
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible