The market for labour in Israel

Michael Beenstock; Sigal Ribon1

doi:10.1080/00036849300000077

The market for labour in Israel

Michael Beenstock
, Sigal Ribon1

Department of Economics

Research output: Contribution to journal › Article › peer-review

5 Scopus citations

Abstract

Using annual observations for 1960-89, a complete econometric model of the Israeli labour market is estimated in which the demand for labour varies inversely with real wages, participation varies directly with real wages and real wages are explained by a Phillips curve in which the natural rate of unemployment is a variable. The model suggests that while wages are far from flexible, unemployment shocks die away fairly rapidly. We were unable to model the behaviour of public sector pay and employment.

Original language	English
Pages (from-to)	971-982
Number of pages	12
Journal	Applied Economics
Volume	25
Issue number	7
DOIs	https://doi.org/10.1080/00036849300000077
State	Published - Jul 1993

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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10.1080/00036849300000077

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The market for labour in Israel

Abstract

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