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A New Look at U.S. and European Unemployment

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  • Robert Horn
  • Philip Heap

Abstract

Despite ongoing structural reforms, many European countries continue to suffer high rates of unemployment relative to the United States. The authors argue that reported unemployment statistics for both the EU-15 countries and the United States understate the degree of unemployment. Their work is based on an "age-adjusted" unemployment rate, which takes into account changes in the age and gender structure of the population. But they argue that without these factors, the reported unemployment rate is a misleading measure of the strength of the economy.

Suggested Citation

  • Robert Horn & Philip Heap, 2006. "A New Look at U.S. and European Unemployment," Challenge, Taylor & Francis Journals, vol. 49(2), pages 102-111.
    • Handle: RePEc:mes:challe:v:49:y:2006:i:2:p:102-111
    DOI: 10.2753/CHA0577-5132490208
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    Cited by:

    1. Rolf Uwe Fülbier & Joerg‐Markus Hitz & Thorsten Sellhorn, 2009. "Relevance of Academic Research and Researchers' Role in the IASB's Financial Reporting Standard Setting," Abacus, Accounting Foundation, University of Sydney, vol. 45(4), pages 455-492, December.

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