Arbeitspapier
Measuring labour market flexibility in the OECD countries
This paper investigates the adjustment of employment to population shocks in 22 OECD countries over the period 1960–1997. Most of the countries have experienced significant population shocks during that period – due to migration and other reasons. We estimate the speed of adjustment parameter which is used as a measure of the functioning of the labour market. If the OECD countries are compared using this measure, it turns out that the Anglo Saxon countries clearly outperform the other (European) countries in terms of labour market adjustment. In the case of the Nordic countries, the results presented are the most extreme. In practically all OECD countries, the functioning of the labour market seems to have deteriorated over time. These observations seem to be helpful in explaining for the behaviour of unemployment rates in the OECD area. – employment ; population shocks ; ageing ; migration
- Language
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Englisch
- Bibliographic citation
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Series: ETLA Discussion Papers ; No. 745
- Classification
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Wirtschaft
Labor Force and Employment, Size, and Structure
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- Subject
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Bevölkerungsentwicklung
Beschäftigungseffekt
Messung
OECD-Staaten
- Event
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Geistige Schöpfung
- (who)
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Kiander, Jaakko
Virén, Matti
- Event
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Veröffentlichung
- (who)
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The Research Institute of the Finnish Economy (ETLA)
- (where)
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Helsinki
- (when)
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2000
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kiander, Jaakko
- Virén, Matti
- The Research Institute of the Finnish Economy (ETLA)
Time of origin
- 2000
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