Structural Change and Labour Market Adjustment

Glenn Withers () and John Freebairn

Chapter 8 in Human Resources, Employment and Development, 1983, pp 113-119 from Palgrave Macmillan

Abstract: Abstract This paper reviews the process of short-run adjustment in labour markets in response to structural change. A basic framework for analysis is presented and empirical tests of the role of wages in adjustment are considered. It is argued that conventional correlation tests are mis-specified. Alternative tests are therefore proposed and applied, providing support for the Tobin-Solow view of the labour market as one of disaggregate disequilibrium.

Keywords: Labour Market; Industrial Relation; Excess Demand; Relative Wage; Employment Change (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-22741-9_8

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DOI: 10.1007/978-1-349-22741-9_8

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