Aspects of the Swiss Labor Market

28 Pages Posted: 15 Feb 2006

See all articles by Paula De Masi

Paula De Masi

affiliation not provided to SSRN

S.G.B. Henry

affiliation not provided to SSRN

Date Written: January 1996

Abstract

This paper presents an analysis of the behavior of the Swiss labor market, which emphasizes both changes to labor supply and real wage inflexibility as determinants of recent unusually high levels of unemployment. Supply responses in the past meant that measured unemployment rates were rarely high. The paper suggests that these responses also meant that real wages were probably less responsive to shocks as a result. Econometric tests reported in the paper broadly confirm these suggestions, and imply that the level of unemployment consistent with stable inflation has risen in Switzerland.

JEL Classification: J64

Suggested Citation

De Masi, Paula and Henry, S.G.B., Aspects of the Swiss Labor Market (January 1996). Available at SSRN: https://ssrn.com/abstract=882904 or http://dx.doi.org/10.2139/ssrn.882904

Paula De Masi (Contact Author)

affiliation not provided to SSRN

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S.G.B. Henry

affiliation not provided to SSRN

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