Darby, J. and Hart, R.A. and Vecchi, M. (2001) Wages, work intensity and unemployment in Japan, UK and USA. Labour Economics, 8 (2). pp. 243-258. ISSN 0927-5371Full text not available in this repository. (Request a copy from the Strathclyde author)
This paper focuses on the impact of excess labour supply on wage inflation in Japan, the US and the UK. Excess labour supply is not simply measured as officially registered unemployed persons but includes a measure of excess supply within the firm, i.e. work intensity. The empirical analysis confirms the importance of broadening the unemployment definition. Interesting differences arise in the cross-country comparison. Our key conclusions are that work intensity is an important factor in determining wage inflation, and that results based on recorded unemployment rates alone seriously underestimate the flexibility of real wages.
|Keywords:||unemployment, wages, labour economics, economics, Economic Theory, Organizational Behavior and Human Resource Management, Economics and Econometrics|
|Subjects:||Social Sciences > Economic Theory|
|Department:||Strathclyde Business School > Economics|
|Depositing user:||Strathprints Administrator|
|Date Deposited:||23 Aug 2007|
|Last modified:||06 Jan 2017 03:05|