This note gives a brief survey of main theoretical and empirical issues with respect to the NAIRU concept. According to modern labour market literature NAIRU is defined as the rate of unemployment at which inflation stabilises in the absence of any wage-price surprises. Conventional thinking...

Summary Government agencies and other national and international institutions are asked to perform forecasts over the medium term. In particular, the EU Stability and Growth Pact contains the obligation to formulate stability programmes over four years, covering a general economic outlook as...

In Austria, the apprenticeship system provides all citizens, including the less able among them, with a training option. Based on social security data, this article examines earnings and the stability of the occupational career of young workers with an apprenticeship diploma. As control groups,...

HOFER H. and WORGOTTER A. (1997) Regional per capita income convergence in Austria, Reg. Studies 31, 1-12. The question of whether there is a tendency for regional convergence has become a central topic for economic research. This paper examines growth and dispersion of output per capita across...