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Belgium: Selected Issues—Regional Labor Markets in Belgium
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 043
Language:
English
Publication Date:
13 Mar 2002
DOI:
https://doi.org/10.5089/9781451803174.002
ISBN:
9781451803174
ISSN:
1934-7685
Pages:
43
Keywords:
ISCR; CR; wage; employment growth; labor force; wage reduction; demand shock; wage compression; mismatch problem; job-skill mismatch; Labor force participation; Employment; Unemployment rate; Labor markets; Labor force; Europe
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This Selected Issues paper analyzes the regional labor markets for Belgium. The paper examines labor market performance, and argues that a number of factors—poor worker-job matching, a compressed wage structure, and low geographical mobility—contribute to economic disparities. The paper describes the divergences in local labor markets, and offers potential explanations for them, including an analysis of variations in the relationship between regional unemployment rates and regional vacancy rates. The paper also describes how labor markets adjust in Belgium and in its two main regions.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund