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

Detalhes bibliográficos
Autor(a) principal: Afonso, Oscar
Data de Publicação: 2017
Outros Autores: Bandeira, Ana M., Magalhães, Manuela
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.22/21963
Resumo: 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
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spelling Labour-market institutions, (un)employment, wages, and growth: theory and dataLabour-market institutions(Un)employmentEndogenous economic growthCalibrationWage inequalityWe 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 rateRepositório Científico do Instituto Politécnico do PortoAfonso, OscarBandeira, Ana M.Magalhães, Manuela2023-01-27T16:01:38Z20172017-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.22/21963eng10.1080/00036846.2017.1332748metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-13T13:18:21Zoai:recipp.ipp.pt:10400.22/21963Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:42:04.576394Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Labour-market institutions, (un)employment, wages, and growth: theory and data
title Labour-market institutions, (un)employment, wages, and growth: theory and data
spellingShingle Labour-market institutions, (un)employment, wages, and growth: theory and data
Afonso, Oscar
Labour-market institutions
(Un)employment
Endogenous economic growth
Calibration
Wage inequality
title_short Labour-market institutions, (un)employment, wages, and growth: theory and data
title_full Labour-market institutions, (un)employment, wages, and growth: theory and data
title_fullStr Labour-market institutions, (un)employment, wages, and growth: theory and data
title_full_unstemmed Labour-market institutions, (un)employment, wages, and growth: theory and data
title_sort Labour-market institutions, (un)employment, wages, and growth: theory and data
author Afonso, Oscar
author_facet Afonso, Oscar
Bandeira, Ana M.
Magalhães, Manuela
author_role author
author2 Bandeira, Ana M.
Magalhães, Manuela
author2_role author
author
dc.contributor.none.fl_str_mv Repositório Científico do Instituto Politécnico do Porto
dc.contributor.author.fl_str_mv Afonso, Oscar
Bandeira, Ana M.
Magalhães, Manuela
dc.subject.por.fl_str_mv Labour-market institutions
(Un)employment
Endogenous economic growth
Calibration
Wage inequality
topic Labour-market institutions
(Un)employment
Endogenous economic growth
Calibration
Wage inequality
description 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
publishDate 2017
dc.date.none.fl_str_mv 2017
2017-01-01T00:00:00Z
2023-01-27T16:01:38Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.22/21963
url http://hdl.handle.net/10400.22/21963
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1080/00036846.2017.1332748
dc.rights.driver.fl_str_mv metadata only access
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dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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