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Employment and Productivity in Industrialized Economies

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Employment and Productivity in Industrialized Economies
Author(s)Appelbaum, Eileen; Schettkat, Ronald
AbstractDifferences in unemployment rates in industrialized countries since the 1970s are often seen as the result of differences in labor market regulations and institutions. According to this view, highly regulated European economies were unable to respond to changes in the world market, while deregulation in the United States allowed firms to engage in employment expansion as the economy grew. However, endogenous forces may be challenging the traditional positive correlation between productivity, employment, and economic growth. Rather than stifling employment and productivity growth, institutions may now be offering policy options to response to structural changes in the world economy.
Pages605-623
IssueNo
ArticleAccess to Article Summary Article
SourceFrontier Issues in Economic Thought; Volume 4: The Changing Nature of Work
VolumeNo
PubDate1998
ISBN_ISSN1-55963-665-3

Frontier Issues in Economic Thought

  • Volume 1: A Survey of Ecological Economics
  • Volume 2: The Consumer Society
  • Volume 3: Human Well-Being and Economic Goals
  • Volume 4: The Changing Nature of Work
  • Volume 5: The Political Economy of Inequality
  • Volume 6: A Survey of Sustainable Development


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