The West European employment problem
AbstractHow do we explain the poor employment performance in Western Europe since about the mid-1970s? This question is in fact twofold : what initiated the dramatic rise in unemployment, and what mechanisms have make it continue for so long. My attempts to answer these questions form the basis for a discussion of various policy options. A main point of the paper is the complex interaction, often in the form of complementarities, between different explanatory factors behind the West European employment problem.
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Bibliographic InfoArticle provided by Springer in its journal Weltwirtschaftliches Archiv.
Volume (Year): 132 (1996)
Issue (Month): 4 (December)
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Other versions of this item:
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
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