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      <record key="001" att1="001" value="LIB911228606" att2="LIB911228606">001   LIB911228606</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-76.pdf</field>
      <field key="079" subkey="z">Hofer, Helmut - et al., Employment and Wage Adjustment in Euroland's Labour Market (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/76.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 76 (RePEc)</field>
      <field key="100" subkey="">Hofer, Helmut</field>
      <field key="103" subkey="">Institute for Advanced Studies, Vienna</field>
      <field key="104" subkey="a">Pichelmann, Karl</field>
      <field key="107" subkey="">European Commission, DG II Economic and Financial Affairs</field>
      <field key="331" subkey="">Employment and Wage Adjustment in Euroland's Labour Market</field>
      <field key="335" subkey="">A Bird's Eye View</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">1999, December</field>
      <field key="433" subkey="">23 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 76</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Ed.) ; Ritzberger, Klaus (Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; EMU and the Labour Market(s); Few Stylised Facts about Euroland's Labour Market;</field>
      <field key="Con" subkey="c">luding Remarks;</field>
      <field key="544" subkey="">IHSES 76</field>
      <field key="700" subkey="">E24</field>
      <field key="700" subkey="">J30</field>
      <field key="700" subkey="">J64</field>
      <field key="720" subkey="">Unemployment</field>
      <field key="720" subkey="">Wage-setting mechanisms</field>
      <field key="720" subkey="">European Monetary Union</field>
      <field key="753" subkey="">Abstract: The paper attempts to establish a few stylised facts about Euroland's labour market given the increasing importance of</field>
      <field key="smo" subkey="o">thly functioning markets in the EMU. We assemble econometric evidence regarding labour demand behaviour, wage-setting</field>
      <field key="mec" subkey="h">anisms and the cyclicality of unemployment in Euroland. We find that in the 1990s unemployment cyclicality has been higher in</field>
      <field key="Eur" subkey="o">land than in the US, while the opposite was true in the previous two decades. The main reason for this is to be found in</field>
      <field key="Eur" subkey="o">land's employment now responding much stronger to cyclical fluctuations in output than in the past, and even somewhat</field>
      <field key="str" subkey="o">nger than in the US. Thus, it appears rather implausible that overall too strict employment protection regulations can still</field>
      <field key="off" subkey="e">r a convincing explanation for a significant part of Euroland's problem of persistently high unemployment. There can be</field>
      <field key="lit" subkey="t">le doubt, however, that wage bargaining in Euroland continues to suffer from a serious insider-outsider problem.;</field>
    </SEQUENTIAL>
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