Globalization and Unemployment
Springer Science & Business Media, Jan 24, 2000 - Social Science - 402 pages
Globalization and unemployment are two phenomena which are amongst the most widely discussed subjects in the economic debate today. Often, globalization is regarded as being responsible for the increase in unemployment, particularly in unskilled labor. This book deals with the correlation between globalization and unemployment under various aspects: historical aspects of globalization, empirical trends and theoretical explanations of unemployment, effects of globalization in general and of European Monetary Union in particular on umemployment, labor market policy in a global economy, the impact of fiscal policy on unemployment in a global economy, as well as the effects of globalization on inflation and national stabilization policy.
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ALMP analysis argue assumption Belke biased technical capital central bank independence change in intra-ERM competition consumption tax countries currency decline Economic Policy effects of globalization empirical employment growth equation equilibrium Europe exchange rate variability experience rating explanation factor factors of production firing costs firms function Germany Hence higher hysteresis impact implies income increase industrial inflation bias inflation rate institutional interest rates intra-ERM exchange rate investment Journal of Economic labor demand labor market labor market policy labor tax long-run loss function macroeconomic mobile monetary policy NAIRU O'Rourke OECD optimal output paper political problem productivity growth ratio real wage reduce rise sector shifts skilled labor Snower structure supply shocks technical change technical progress theoretical trade trade-off trends unemployed unemployment benefits unemployment insurance unemployment rate unions University of Regensburg unskilled labor volatility wage pressure wage rate Williamson workers
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