A Causality Study of the Relations between Wage and Employment in Specific OECD Countries

Soon Beng Chew and Chadwick Teo
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Soon Beng Chew: Nanyang Business School, Nanyang Technological University, Singapore
Chadwick Teo: Nanyang Business School, Nanyang Technological University, Singapore

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2001, vol. 04, issue 01, 45-68

Abstract: We analyze the dynamic relationship between employment and wages for a number of OECD countries between the years 1969 to 1998. We propose factors that determine the type of industrial regime in a country. These include government policies, the goals of the labor unions and employers and institutional structures and practices. Looking into the future, with the advent of globalization, there should be a convergence toward employment-driven industrial relations regime as countries strive to keep labor cost competitive to ensure survival in international markets.

JEL-codes: G1 G2 G3 (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1142/S0219091501000310

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