I-R-E.org
is available for sale
About I-R-E.org
Former three letters, brandable domain representing I-R-E - financial institution that focuses on five major themes: currency and finance, institutional arrangements, the regulation of goods and services, the role of territories and trade pattern.
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$1,200
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Domain name I-R-E.org
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The European Wage Structure, 1980- 2005: How much flexibility do we have?
UTIP Working Paper No. 41
by James K. Galbraith, Deepshikha RoyChowdhury, University of Texas Inequality Project (UTIP), 2007
Keywords : nation-wide - equity - economic policy - employment
Language : English
James K. Galbraith and Deepshikha RoyChowdhury’s paper casts doubt on the most current explanations of high unemployment in Europe. These views point to the institutional rigidity of national labor markets or an inflexible wage structure in Europe as principal causes of high unemployment, and to labor market ‘flexibilization’ as the cure. Using data on European wages from 1980 to 2005 the authors find that there is variability in the European wage structure, and that the variations are mainly associated with differing rates of change of investment, consumption and overall GDP growth between countries. The notice that there appears to be no cases where falling relative wages led to higher employment, as the labor market flexibilization hypothesis would predict.
Sources
Galbraith, James K., and Deepshikha RoyChowdhury. 2007. The European Wage Structure, 1980- 2005: How much flexibility do we have?. UTIP Working Paper No. 41. Austin: University of Texas Inequality Project.
External links
Full text: utip.gov.utexas.edu/papers/utip_41.pdf
UTIP: utip.gov.utexas.edu/default.html
Last publications
Essay on Oeconomy
Looking for solutions to the crisis
Events
The International Monetary System and Peace
Building Together Local Indicators for Societal Progress
The Financial Crisis, the US Economy, and International Security in the New Administration
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