0 US spelling of labour market
1 → labour market
This upward pressure on wages further influences the private sector through the labor market.
However, as it was the insiders who did the hiring, labor market pressure rarely translated into wage cuts.
With the implementation of a labor market reform in 1993, a much stronger focus was given to active labor market policy.
Restrictions in the labor market had a disciplining effect.
A third example is provided by the choices many women face when trying to combine family work with the demands of the labor market.
The service-oriented character of the economy remained, translating into an irregular and seasonal private labor market.
As with the firms, the right-hand side is the sum of flow income and the expected capital gain (or loss) from changing labor market status.
This section develops a general equilibrium model to study these implications within an otherwise standard macroeconomic framework for labor market policy analysis.
