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Wage Formation and the Labour Market

John Fitz Gerald
Authors registered in the RePEc Author Service: John D. Fitzgerald ()

Chapter 7 in Understanding Ireland’s Economic Growth, 1999, pp 137-165 from Palgrave Macmillan

Abstract: Abstract The Irish labour market over the last fifty years has enjoyed some unusual features; in particular the extent to which labour mobility was legally possible and culturally accepted. Ireland moved from having a very high level of protection at the end of the 1950s to being highly integrated into the wider European economy as a member of the EEC after 1973. While the goods market was very closed up to 1960, Ireland had been part of a wider labour market with the United Kingdom for over a century, with very limited restriction on the outward movement of labour to the UK over the 75 years since independence in 1922. This has made possible very considerable migration and, as a result, the supply of labour in Ireland has been unusually responsive to external circumstances, giving rise to a more elastic supply of labour than in many other EU countries.

Keywords: Labour Market; Unemployment Rate; Labour Supply; Wage Rate; Skilled Labour (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (13)

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DOI: 10.1057/9780333985052_8

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