Aspects of the Swiss Labor Market

This paper presents an analysis of the behavior of the Swiss labor market, which emphasizes both changes to labor supply and real wage inflexibility as determinants of recent unusually high levels of unemployment. Supply responses in the past meant that measured unemployment rates were rarely high....

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Bibliographic Details
Main Author: De Masi, Paula
Other Authors: Henry, S.
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1996
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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100 1 |a De Masi, Paula 
245 0 0 |a Aspects of the Swiss Labor Market  |c Paula De Masi, S. Henry 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1996 
300 |a 28 pages 
651 4 |a Switzerland 
653 |a Unemployment Insurance 
653 |a Real wages 
653 |a Labour 
653 |a Public finance & taxation 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Unemployment: Models, Duration, Incidence, and Job Search 
653 |a Unemployment 
653 |a Labor markets 
653 |a Demand and Supply of Labor: General 
653 |a Labor 
653 |a Expenditure 
653 |a Severance Pay 
653 |a Plant Closings 
653 |a Labor market 
653 |a Unemployment benefits 
653 |a Wages 
653 |a Unemployment rate 
653 |a Unemployment insurance 
653 |a Public Finance 
653 |a Income economics 
700 1 |a Henry, S. 
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520 |a This paper presents an analysis of the behavior of the Swiss labor market, which emphasizes both changes to labor supply and real wage inflexibility as determinants of recent unusually high levels of unemployment. Supply responses in the past meant that measured unemployment rates were rarely high. The paper suggests that these responses also meant that real wages were probably less responsive to shocks as a result. Econometric tests reported in the paper broadly confirm these suggestions, and imply that the level of unemployment consistent with stable inflation has risen in Switzerland