Unemployment after the Great Recession: Why so High? What Can We Do?/El desempleo después de la Gran Recesión: ¿Por qué tan alto? ¿Qué podemos hacer?
AbstractThe surprising increase in U.S. unemployment in the Great Recession and the persistence of long-term unemployment in the economic recovery pose important questions for employment policy. Why did unemployment grow more than forecast? Is the character of long-term unemployment the result of cyclical or structural causes? I discuss eight policy changes that would reduce the ranks of the unemployed and that would improve the efficiency of the labor market. Most of these proposals do not add big-ticket items to the Federal budget; their merits are independent of the question of how large the federal deficit should be at this time. El sorprendente incremento en el desempleo de Estados Unidos durante la Gran Recesión y la persistencia del desempleo de larga duración plantean grandes interrogantes para la política de empleo. ¿Por qué el desempleo creció más que lo que se había predicho? ¿Es la larga duración del desempleo el resultado de causas cíclicas o estructurales? Se discuten ocho cambios de política que reducirían el volumen de desempleo y que mejorarían la eficiencia del mercado de trabajo. La mayor parte de estas propuestas no suponen un incremento del presupuesto federal de Estados Unidos. Las aportaciones de esas medidas son independientes del problema de cuán grande debería ser el déficit público federal.
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Bibliographic InfoArticle provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.
Volume (Year): 30 (2012)
Issue (Month): (Abril)
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Find related papers by JEL classification:
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
- J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings
- J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
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