European unemployment
the evolution of facts and ideas
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Author
Contributions
- Massachusetts Institute of Technology. Dept. of Economics - Contributor
Publication
2005 - Massachusetts Institute of Technology, Dept. of Economics, Cambridge, MA, Massachusetts
Language
English
Word Count
14,750 words, Guess
Page Count
59 pages
Identifiers
- Open LibraryOL24641700M
- OCLC Control Number64386563
- OCLC Control Number170768440
- Internet Archiveeuropeanunemploy00blan
Description
In the 1970s, European unemployment started increasing. It increased further in the 1980s, to reach a plateau in the 1990s. It is still high today, although the average unemployment rate hides a high degree of heterogeneity across countries. The focus of researchers and policy makers was initially on the role of shocks. As unemployment remained high, the focus has progressively shifted to institutions. This paper reviews the interaction of facts and theories, and gives a tentative assessment of what we know and what we still do not know. Keywords: unemployment, institutions, shocks, hysteresis, labor market. JEL Classifications: E4, J6.
Subjects
Topics
Places
Series Statement
- Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 05-24
- Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 05-24.
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