Publisher's Synopsis
This is the first volume in a series of studies which will cover both theoretical and empirical material and will provide a forum for scholars to publish applied, policy-oriented research.;The book is divided into two parts, each consisting of a substantial paper followed by two shorter papers of comment and discussion. The first part of the text investigates the relationship between levels of wages and levels of unemployment in unionized economies, outlining the theoretical issues involved and providing an analysis of the empirical evidence. The author then concentrates on the duration of umemployment, a vital topic in the context of OECD data, which shows that duration rather than inflow is the main culprit in the secular rise in unemployment.
