How elastic is the demand for labor in Belgian enterprises? Results from firm level accounts data, 1987-1994

Article Abstract:

Labor costs play a more important role in determining employment levels than was traditionally held. This was revealed by a study of the long-run wage elasticities from 1987 to 1994 using a panel dataset of 2800 large Belgian firms. The study revealed much higher labor cost elasticity both in the short- and long-run than earlier studies suggested. The study, which focused on the Belgian economy, reflects the growing concern over the high unemployment rate in the European Union.

Belgium, Labor market, Labor costs

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Efficiency wages and local wage bargaining

Article Abstract:

Efficiency wages are incorporated into a local bargaining model that is an extension of the works of K.O. Moene and S. Holden published in 1988. The efficiency wage argument is introduced as a foundation for wage drift bargaining. The relationship between wages and revenues are explicitly considered unlike most bargaining models. Wages and employment implications seem different in a qualitative sense and in terms of the order of magnitude.

Research, Europe, Labor relations

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Wage divergence and asymmetries in unemployment in a model with biased technical change

Article Abstract:

Research is presented on how decreasing demand for low-skilled labour has affected wages and unemployment in Europe and the United States, and includes a model showing two classes of goods and two skill levels. Two different labour market regimes are examined with regard to their response to skill-biased technical change.

Social aspects, Compensation and benefits, Technological innovations, Labor supply, Labor force, Workers, Skilled labor, Unskilled labor, Technological unemployment

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