Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility : The Case of Belgium

The Case of Belgium

Unemployment Hysteresis, Wage Determination, and Labor Market Flexibility : The Case of Belgium
This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian labor market. It estimates models of wage determination using aggregate and firm-level panel data. Two main conclusions emerge: (i) the long-term unemployed do not exert a negative impact on wages; and (ii) there is some... READ MORE...

Publication date: December 1994
ISBN 9781451856934
$15.00

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