The book examines the effect of labour markets on economic
performance in an international perspective; Europe, Japan and the
US. Labour markets are an important determinant of the performance
of both national economies and individual firms, as well as
employment rewards such as wages and satisfaction levels. Many
countries in Europe suffer from a high level of unemployment. The
US economy suffers from low real income growth and widening wage
dispersions. The level of worker satisfaction in Japan is
relatively low despite her relatively better economic performance.
The purpose of this book is to investigate these issues, and to
provide readers with explanations of these phenomena and the
differences in the performance of labour markets in Europe, Japan
and the US. The book includes both theoretical and empirical
studies of various countries undertaken by leading labour and macro
economists, and presents several policy suggestions.
General
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