We present an empirical analysis of the determinants of labour cost in OECD countries, with particular reference to the impact of labour market institutions from 1960 to 1994. We show that labour market regulations can explain a large part of the labour cost rise in OECD countries in the last...

There is a considerable literature on the effects of imperfections in U.K. rented housing markets in restricting labor mobility. This paper examines the interaction of labor and housing markets, including the owner-occupied sector, more generally. Implications are drawn for the behavior of...