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Volumn 39, Issue 3, 2007, Pages 391-397

Wage moderation does not work: Unemployment in Europe

Author keywords

Keynesian economics; NAIRU; Unemployment; Wage moderation; Wages

Indexed keywords


EID: 34548150252     PISSN: 04866134     EISSN: 15528502     Source Type: Journal    
DOI: 10.1177/0486613407305289     Document Type: Article
Times cited : (11)

References (14)
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  • 2
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    • Aggregate demand and long-run unemployment
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    • Ball, L.1
  • 3
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    • Unemployment and the real wage: The economic basis for contesting political ideologies
    • Bhaduri, A., and S. Marglin. 1990. Unemployment and the real wage: The economic basis for contesting political ideologies. Cambridge Journal of Economics 14: 375-93.
    • (1990) Cambridge Journal of Economics , vol.14 , pp. 375-393
    • Bhaduri, A.1    Marglin, S.2
  • 4
    • 0034029957 scopus 로고    scopus 로고
    • The role of shocks and institutions in the rise of European unemployment: The aggregate evidence
    • Blanchard, O., and J. Wolfers. 2000. The role of shocks and institutions in the rise of European unemployment: The aggregate evidence. Economic Journal 110: 1-33.
    • (2000) Economic Journal , vol.110 , pp. 1-33
    • Blanchard, O.1    Wolfers, J.2
  • 7
    • 17644380322 scopus 로고    scopus 로고
    • European Commission, DG Employment and Social Affairs. Luxembourg: Office for Official Publications of the European Communities
    • European Commission, DG Employment and Social Affairs. 2004. Employment in Europe 2004. Luxembourg: Office for Official Publications of the European Communities.
    • (2004) Employment in Europe 2004
  • 8
    • 34147179181 scopus 로고    scopus 로고
    • Unemployment and labor market institutions: Why reforms pay off
    • International Monetary Fund (IMF). In Washington, DC: International Monetary Fund
    • International Monetary Fund (IMF). 2003. Unemployment and labor market institutions: Why reforms pay off. In World economic outlook. Washington, DC: International Monetary Fund.
    • (2003) World Economic Outlook
  • 9
    • 0031751903 scopus 로고    scopus 로고
    • General equilibrium macreoecnomic models of unemployment: Can they explain the unemployment path in the OECD?
    • Madsen, J. 1998. General equilibrium macreoecnomic models of unemployment: Can they explain the unemployment path in the OECD? Economic Journal 108: 850-67.
    • (1998) Economic Journal , vol.108 , pp. 850-867
    • Madsen, J.1
  • 10
    • 0007633155 scopus 로고    scopus 로고
    • Making the most of the minimum: Statutory minimum wages, employment and poverty
    • Organisation for Economic Co-operation and Development (OECD). In Paris: OECD
    • Organisation for Economic Co-operation and Development (OECD). 1998. Making the most of the minimum: Statutory minimum wages, employment and poverty. In OECD employment outlook 1998. Paris: OECD.
    • (1998) OECD Employment Outlook 1998
  • 11
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    • Employment protection and labour market performance
    • Organisation for Economic Co-operation and Development (OECD In Paris: OECD
    • 1999. Employment protection and labour market performance. In OECD employment outlook 1999. Paris: OECD.
    • (1999) OECD Employment Outlook 1999
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  • 13
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    • Explaining European unemployment: Testing the NAIRU hypothesis and a Keynesian approach
    • Stockhammer, E. 2004. Explaining European unemployment: Testing the NAIRU hypothesis and a Keynesian approach. International Review of Applied Economics 18 (1): 3-24.
    • (2004) International Review of Applied Economics , vol.18 , Issue.1 , pp. 3-24
    • Stockhammer, E.1


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