Savouri, Savvas Prodromos
(1993)
Regional labour markets.
PhD thesis, London School of Economics and Political Science.
Abstract
In the present study we wish to address four related questions. Firstly we ask what effect sectoral imbalance has had on aggregate unemployment. We examine this question in Chapter 2 using the framework of regional wage determination and evidence from Great Britain over the period 1975-1989. Secondly we ask why such an imbalance should persist over time and why labour does not move to equilibriate its compensating differentials across regions. We attempt to answer this question in Chapters 3 and 4 using a model of migration flows based on the theory of the 'hiring function' and use evidence on bilateral migration flows across the standard regions of Great Britain over 1975-1989. Thirdly we wish to examine whether long-term unemployment distorts the working of the labour market by examining its effects on regional wage determination in Chapter 2 and on migration Chapters 3 and 4. Finally we examine whether certain developed economies have been more successful than others in curbing both excessive unemployment growth and unemployment persistence. In Chapter 5 we attempt to explain such contrasting performance by comparing differences in institutional features and the more pragmatic active labour market intervention in the form of training and other employment related measures initiated by different countries following each of the two oil price shocks. In comparing national labour market performance we use comparable data of the 14 main OECD member countries covering the period from the mid 1970s to the late 1980s.
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