Relative demand shocks and relative wage rigidities during the rise and fall of Swiss unemployment

verfasst von

Patrick A. Puhani

Abstract

Little is known on the existence of negative relative demand shocks against low-skilled workers on a 'US-style' deregulated labour market with a 'German-style' vocational (apprenticeship) education system. Switzerland provides an appealing testing ground to investigate this question. Traditionally a 'zero unemployment' economy, Switzerland has seen an unprecedented rise in joblessness in the 1990s, although unemployment fell again to a rather low level after 1997. This paper tests whether Switzerland experienced a negative relative demand shock against the low skilled during this period and whether this shock resulted in growing wage dispersion between education groups (like in the US) or in growing unemployment (like in continental Europe). It turns out that only workers with an educational level below apprenticeship were affected by a negative relative demand shock, which speaks in favour of the German-style vocational education system. The Swiss wage structure, however, did not react to the relative demand shock against low-skilled workers without apprenticeship, which resulted in higher relative unemployment for this group.

Externe Organisation(en)

Universität St. Gallen (HSG)

Typ

Artikel

Journal

KYKLOS

Band

56

Seiten

541-562

Anzahl der Seiten

22

ISSN

0023-5962

Publikationsdatum

2003

Publikationsstatus

Veröffentlicht

Peer-reviewed

Ja

ASJC Scopus Sachgebiete

Geisteswissenschaftliche Fächer (sonstige), Volkswirtschaftslehre und Ökonometrie

Ziele für nachhaltige Entwicklung

SDG 8 – Anständige Arbeitsbedingungen und wirtschaftliches Wachstum

Elektronische Version(en)

https://doi.org/10.1046/j.0023-5962.2003.00237.x (Zugang: Geschlossen)