In this paper we apply a stochastic frontier approach to examine how matching inefficiencies and regional disparities in structural factors contribute to regional and aggregate unemployment. Our results suggest that there would be a substantial decline in aggregate unemployment if (i) all local...

This paper analyses regional labour market adjustment in the Finnish provinces during 1971-96. It investigates the interrelations of employment, unemployment and labour force participation to examine how a change in labour demand is adjusted to. The study questions the usual assumption that...

We adopt a flow approach to analyse Finnish unemployment experience during the last three decades. In addition to data on short-term and total outflow and inflow rates from a relatively long period beginning in 1969, we also have data on duration-specific outflow rates for the period 1984 I-96...

The study investigates the determinants of unionization in a country - Finland - where union density, defined as the number of unionized members divided by the labour force, has risen 60 percentage points in 32 years, from 22 percent in 1960 to 82 percent in 1992. The theoretical framework of...

This study contributes to the literature on how personality is rewarded in the labour market by examining the relationship between personality and labour market income. Our results suggest that adulthood extraversion is positively associated with income when education, work experience, and...