Evaluating Unemployment Policies: What Do the Underlying Theories Tell Us?

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Evaluating Unemployment Policies: What Do the Underlying Theories Tell Us?

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Snower, Dennis J

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Dennis Snower

Abstract

The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy prescriptions rest on different macroeconomic theories, and our confidence in the prescriptions should depend - at least in part - on theories' ability to predict some salient stylized facts about unemployment behavior. The paper considers four types of policies: laissez faire, demand-management policies, supply-side policies, and structural policies. Copyright 1995 by Oxford University Press.

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Publisher Info
Article provided by Oxford University Press in its journal Oxford Review of Economic Policy.

Volume (Year): 11 (1995)
Issue (Month): 1 (Spring)
Pages: 110-35
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Handle: RePEc:oup:oxford:v:11:y:1995:i:1:p:110-35

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Paper
- Snower, Dennis J., 1994. "Evaluating Unemployment Policies: What do the Underlying Theories Tell Us?," CEPR Discussion Papers 1081, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
- Dennis J. Snower, 1995. "Evaluating Unemployment Policies: What do the Underlying Theories Tell Us?," IMF Working Papers 95/7, International Monetary Fund.

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Herwig Immervoll & Cathal O'Donoghue, 2003. "Welfare Benefits and Work Incentives. An Analysis of the Distribution of Net Replacement Rates in Europe using EUROMOD, a Multi- Country Microsimulation Model," Labor and Demography 0302001, EconWPA. [Downloadable!]
Camille Logeay & Sven Schreiber, 2006. "Testing the effectiveness of the French work-sharing reform: a forecasting approach," Applied Economics, Taylor and Francis Journals, vol. 38(17), pages 2053-2068, September. [Downloadable!] (restricted)
Other versions:
- Camille Logeay & Sven Schreiber, 2005. "Testing the effectiveness of the French work-sharing reform: a forecasting approach," IMK Working Paper 03-2005, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute. [Downloadable!]
Dr Ronald W. McQuaid, 1996. "Lifelong Learning And Local Economic Development," Working Paper p22, Departement of Economics, Napier University. [Downloadable!]
Immervoll H & O'donoghue C, 2003. "Employment Transitions In 13 European Countries. Levels, Distributions And Determining Factors Of Net Replacement Rates," EUROMOD Working Papers EM/3/03, EUROMOD at the Institute for Social and Economic Research. [Downloadable!]
Other versions:
- Herwig Immervoll & Cathal O'Donoghue, 2003. "Employment Transitions in 13 European Countries. Levels, Distributions and Determining Factors of Net Replacement Rates," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
Koen Burggraeve & Philip Du Caju, 2003. "The labour market and fiscal impact of labour reductions: the case of reduction of employers' social security contributions under a wage norm regime with automatic price indexing of wages," Research series 200303-1, National Bank of Belgium. [Downloadable!]
Hedwig Lutz, 1998. "European Social Fund and Labor Market Policy," WIFO Monatsberichte (monthly reports), WIFO, vol. 71(9), pages 617-625, September. [Downloadable!] (restricted)
Jan Gottschalk, 2002. "Keynesian and Monetarist Views on the German Unemployment Problem — Theory and Evidence," Kiel Working Papers 1096, Kiel Institute for the World Economy. [Downloadable!]
Adams, John & Greig, Malcolm & McQuaid, Ronald W., 1999. "Mismatch and unemployment in local labour markets," ERSA conference papers ersa99pa027, European Regional Science Association. [Downloadable!]
Immervoll H & O'donoghue C, 2002. "Welfare Benefits And Work Incentives: The Distribution Of Net Replacement Rates In Europe Using A Cross Country Microsimulation Model, EUROMOD," EUROMOD Working Papers EM4/01, EUROMOD at the Institute for Social and Economic Research. [Downloadable!]
Giuseppe Carone & Aino Salomaki, 2004. "Reforms In Tax-Benefit Systems In Order To Increase Employment Incentives In The Eu," Labor and Demography 0410005, EconWPA. [Downloadable!]
Other versions:
- Carone, G. & Salomaki, A., 2001. "Reforms in Tax-benefit Systems in Order to Increase Emplyoment Incentives in the EU," European Economy - Economic Papers 160, Commission of the EC, Directorate-General for Economic and Financial Affairs (DG ECFIN).

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