Belgium: Selected Issues—Regional Labor Markets in Belgium

International Monetary Fund

No 2002/043, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes the regional labor markets for Belgium. The paper examines labor market performance, and argues that a number of factors—poor worker-job matching, a compressed wage structure, and low geographical mobility—contribute to economic disparities. The paper describes the divergences in local labor markets, and offers potential explanations for them, including an analysis of variations in the relationship between regional unemployment rates and regional vacancy rates. The paper also describes how labor markets adjust in Belgium and in its two main regions.

Keywords: ISCR; CR; wage; employment growth; labor force; wage reduction; demand shock; wage compression; mismatch problem; job-skill mismatch; Labor force participation; Employment; Unemployment rate; Labor markets; Labor force; Europe (search for similar items in EconPapers)
Pages: 43
Date: 2002-03-13
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2002/043

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