The basic dilemma for any government is how to get more employment without also generating more inflation. Broadly, there are only three alternative approaches. The simplest is to rule out any form of incomes policy (outside the public sector). This is equivalent to accepting high levels of...

The fall in output and employment, and the rise in unemployment, during the transition in Bulgaria have been exceptionally severe. This paper examines possible causes, including the role of the financial stabilisation package, collective bargaining and the excess wage tax, the gradual emergence...

This paper surveys the main changes in the level of employment and in the wage structure in OECD countries during the last two decades. Despite a slowdown in the growth rates of output and productivity, employment has continued to grow in the OECD countries. The working age population has also...