Equilibrium Unemployment, the Nature of Competence, the Organization of the Firm

Donatella Gatti

Economia politica, 1999, issue 1, 13-34

Abstract: A major issue in the current economic debate is related to the striking difference between Europe, Japan and the US concerning the level of unemployment. This paper explores the micro determinants of these observed stylized facts. In the first part, a theoretical framework for this comparative analysis is presented. The starting point is the definition of different micro-institutional settings encompassing: (i) the organization of the firm; (ii) the nature of workers' competence; (iii) the structure of the labor market. In the second part, a model is proposed which takes up a "radical economics" perspective to analyze the choice made by firms about wage and effort, subject to each given micro-institutional setting. The main results point to the crucial role played by the mode of organization of the firm and the nature of workers' competence as key-determinants of the different levels of the unemployment rate across major developed countries.

Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.rivisteweb.it/download/article/10.1428/1883 (application/pdf)
https://www.rivisteweb.it/doi/10.1428/1883 (text/html)
Access to full text is restricted to subscribers

Related works:
Working Paper: Equilibrium Unemployment, the Nature of Competence, the Organization of the Firm (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mul:jb33yl:doi:10.1428/1883:y:1999:i:1:p:13-34

Access Statistics for this article

Economia politica is currently edited by Alberto Quadrio Curzio, Giorgio Lunghini, Pier Carlo Nicola

More articles in Economia politica from Società editrice il Mulino
Bibliographic data for series maintained by ().