Working man's burden

Article Abstract:

Research by Robert MacCulloch from Bonn University, and Harvard University's Rafael di Tella uses surveys to gauge labor market flexibility. Businessmen have provided data on the extent to which they have freedom of action. The researchers argue that employment is increased as a result of labor market flexibility, and participation in the workforce rises as flexibility increases. Unemployment will drop if the increase in participation is not as large as the number of people at work. On the whole, unemployment is reduced by flexibility.

Unemployment, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Labor Regulation & Services, Labor policy, Flexible work hours, Flexible hours

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Judgement day: Sweden

Article Abstract:

The Swedish welfare state model is dying, with unemployment there increasing and economic growth slowing. Productivity is down because highly trained workers are paid little more than novices, and have less incentive to produce. Public sector jobs are also down due to financial problems.

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In retreat: Sweden

Article Abstract:

Sweden, facing a recession, will begin making cuts in its extensive welfare state structure. Interest rates which had skyrocketed to prevent profiteering from the rapidly dropping krona, remained high after it became stabilized. Various cost-cutting measures are listed.

Economic policy, Economic development

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