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Unemployment persistence in a small open labour market : the Irish case

Author

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  • Brendan M. Walsh

Abstract

This paper reviews previous research on Irish unemployment. It examines the reasons for the persistence of high unemployment and the relevance of the concept of a time-varying rate of "equilibrium" unemployment in a small and open labour market. The links between Irish and British unemployment, and the effects of economic growth on Irish unemployment, are explored. The difficulty of establishing links between Irish labour market conditions and wage price inflation is documented. The paper concludes with a discussion of contribution of centralised wage bargaining to the recent impressive performance of the Irish labour market.

Suggested Citation

  • Brendan M. Walsh, 1998. "Unemployment persistence in a small open labour market : the Irish case," Working Papers 199801, School of Economics, University College Dublin.
    • Handle: RePEc:ucn:wpaper:199801
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    File URL: http://hdl.handle.net/10197/2980
    File Function: First version, 1998
    Download Restriction: no
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    More about this item

    Keywords

    Unemployment; Irish economy; Open labour market; Equilibrium unemployment; Unemployment--Research--Ireland; Labor market--Ireland;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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