Labour Market and Economic Performance 1994
This book examines the effect of labour markets on economic performance from an international perspective. Labour markets are an important determinant of the performance of both national economies and individual firms, as well as employment rewards such as wages and satisfaction levels. Many countries in Europe suffer from a high level of unemployment. The US economy suffers from low real income growth and widening wage dispersions. The level of worker satisfaction in Japan is relatively low, despite her relatively better economic performance. This book investigates these issues and provides readers with explanations of these phenomena and the differences in the performance of labour markets in Europe, Japan and the USA. It includes both theoretical and empirical studies of various countries, undertaken by leading labour and macro economists, and presents several policy studies.