The Fallacies in Arguing That Current High Unemployment in Spain (27%) is a Consequence of Supposed Labor Market Rigidities

2014 ◽  
Vol 44 (2) ◽  
pp. 269-272
Author(s):  
Vicente Navarro
Keyword(s):  
Labor Market ◽  
High Unemployment ◽  
Labor Market Rigidities

scholarly journals Unemployment and Labor Market Rigidities: Europe versus North America

1997 ◽  
Vol 11 (3) ◽  
pp. 55-74 ◽  
Author(s):  
Stephen Nickell
Keyword(s):  
United States ◽  
Labor Market ◽  
North America ◽  
The United States ◽  
Labor Market Institutions ◽  
Market Institutions ◽  
High Unemployment ◽  
Labor Market Rigidities

The received wisdom tells us that the rigidity and inflexibility of European job markets relative to that in the United States is the reason why Europe has high unemployment. This paper argues that this broad brush analysis is simply too vague to be useful. Indeed it is probably positively misleading. Many labor market institutions that conventionally come under the heading of rigidities have no observable impact on unemployment and may otherwise serve a useful purpose.

High Discounts and High Unemployment

2017 ◽  
Vol 107 (2) ◽  
pp. 305-330 ◽  
Author(s):  
Robert E. Hall
Keyword(s):  
Labor Market ◽  
Stock Market ◽  
Discount Rate ◽  
Job Creation ◽  
Discount Rates ◽  
Present Value ◽  
High Unemployment ◽  
Business Income ◽  
New Hire

Unemployment is high when financial discounts are high. In recessions, the stock market falls and all types of investment fall, including employers' investment in job creation. The discount rate implicit in the stock market rises, and discounts for other claims on business income also rise. A higher discount implies a lower present value of the benefit of a new hire to an employer. According to the leading view of unemployment—the Diamond-Mortensen-Pissarides model—when the incentive for job creation falls, the labor market slackens and unemployment rises. Thus high discount rates imply high unemployment. (JEL E24, E32, E44, J23, J31, J63)

UNEMPLOYMENT AS A SIGN OF INSTABILITY IN SOCIETY

2021 ◽  
pp. 5-10
Author(s):  
Р. Х. Азиева ◽  
Х. Э. Таймасханов
Keyword(s):  
Developing Countries ◽  
Labor Market ◽  
Political Stability ◽  
Developed Countries ◽  
Living Standards ◽  
Modern World ◽  
High Unemployment ◽  
Global Problem ◽  
The Past ◽  
The Impact

В современном мировом пространстве политика государств сопряжена с решением такой глобальной проблемы, как безработица. За последние три десятилетия безработица стала одной из наиболее значимых проблем не только в развивающихся, но и в развитых странах, так как безработица приводит к массовой нищете и угрожает социальной и политической стабильности. В статье представлены масштабы изменений в сфере занятости в условиях неопределенности и дана оценка влияния происходящих процессов на изменения структуры занятости. А также авторами представлены рекомендации по стабилизации рынка труда для недопущения высокого уровня безработицы и падения уровня жизни населения. In the modern world space, the policy of states is associated with the solution of such a global problem as unemployment. Over the past three decades, unemployment has become one of the most significant problems, not only in developing countries, but also in developed countries, as unemployment leads to mass poverty and threatens social and political stability. The article presents the scale of changes in the field of employment in conditions of uncertainty and assesses the impact of the processes on changes in the structure of employment. The authors also present recommendations for stabilizing the labor market to prevent high unemployment and falling living standards of the population.

scholarly journals The Positive Economics of Labor Market Rigidities and Investor Protection

Kyklos ◽  
2001 ◽  
Vol 54 (4) ◽  
pp. 557-590 ◽  
Author(s):  
Rainer Fehn ◽  
Carsten-Patrick Meier
Keyword(s):  
Labor Market ◽  
Investor Protection ◽  
Labor Market Rigidities ◽  
Positive Economics

scholarly journals Theory and Practice of Crisis in Political Economy: The Case of the Great Recession in Spain

2021 ◽  
pp. 048661342110272
Author(s):  
Juan Pablo Mateo
Keyword(s):  
Political Economy ◽  
Labor Market ◽  
Interest Rates ◽  
Great Recession ◽  
Jel Classification ◽  
Theory And Practice ◽  
Housing Bubble ◽  
Surplus Value ◽  
The Great Recession ◽  
Labor Market Rigidities

This paper addresses Marx’s theory of crisis in order to analyze the Great Recession in Spain, a peripheral economy within the Eurozone. It demonstrates that underlying the problem of the “housing bubble” is an incapacity to generate surplus value, which in turn explains certain particularities related to capital composition, productivity, wages, and finance. The article further carries out a critique of both orthodox and heterodox approaches that focus on (1) profit squeeze caused by labor market rigidities, (2) underconsumption due to stagnant wages, and (3) finances, interest rates, and indebtedness JEL classification: B14, E11, E20, E43, J30

Sign in / Sign up

Export Citation Format

Share Document