The Impact of Labour Market Deregulation: Lessons from the

Unemployment remains a major economic and social problem in many developedeconomies. Thispaper provides theoretical and empirical perspectives on the impact of labourmarket deregulation as a means of combatting unemployment and of enhancing competitivewage determination. The paper focusses specifically on The Netherlands and NewZealand, two small open economies in which unemployment rates reduced to close to half of theirrespective post-1980 peaks. The labour market policies that contributed to these outcomes arereferred to as the Polder model and the Kiwi model respectively. Despite some simi... Mehr ...