Labour-market institutions, (un)employment, wages, and growth: theory and data

• Tipo: Artigo em Revista Científica Internacional
• Data: 2018

Autores

Óscar Afonso (Autor) FEP; Bandeira, AM (Autor) Outra; Magalhaes, M (Autor) Outra

Revista

Título: Applied Economics

Vol. 50

Páginas: 613-633

ISSN: 0003-6846

Editora: Taylor & Francis

Indexação

ISI Web of Knowledge - 4 Citações

Outras Informações

ID Authenticus: P-00N-RGJ

DOI: 10.1080/00036846.2017.1332748

Abstract (EN): We analyse the implications of labour-market institutions on wage inequality in favour of skilled labour, on relative unemployment of unskilled labour, and on the economic growth rate in two clusters resulting from 27 OECD countries: Cluster 1, closely related with the Anglo-Saxon model, and Cluster 2, dominated by the Continental-European model. By linking the unskilled wage to the skilled one in Cluster 2, due to the indexation of social benefits to per-capita income, we accommodate the observed paths of the three variables in both clusters between 1991 and 2008: Cluster 1 presents a higher wage inequality in favour of skilled labour, a lower unemployment of the unskilled labour, and a better economic growth rate.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 21