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Two Tools for Analysing Unemployment

In: Issues in Contemporary Economics

Author

Listed:
  • Olivier Jean Blanchard

    (Massachusetts Institute of Technology
    National Bureau of Economic Research)

Abstract

Labour markets in developed economies are characterised by large flows of workers, continual job creation and job destruction. This is true of the USA where, on average, 7 per cent of the labour force goes in or out of employment each month. It is also true of Western Europe. Even during the depressed 1980s, the monthly movement in and out of unemployment has been equal on average to 4 per cent of the labour force in the UK, 2.5 per cent in France and 2 per cent in Germany.2

Suggested Citation

  • Olivier Jean Blanchard, 1991. "Two Tools for Analysing Unemployment," International Economic Association Series, in: Marc Nerlove (ed.), Issues in Contemporary Economics, chapter 5, pages 102-127, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-11576-1_5
    DOI: 10.1007/978-1-349-11576-1_5
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    Cited by:

    1. Olivier Jean Blanchard & Peter Diamond, 1994. "Ranking, Unemployment Duration, and Wages," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 61(3), pages 417-434.
    2. Jerome Fahrer & Andrew Pease, 1993. "The Unemployment‐Vacancy Relationship in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 26(4), pages 43-57, October.
    3. Rudolf Winter-Ebmer, 1991. "Arbeitslosigkeit, Hysterese und Wirtschaftspolitik," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 17(3), pages 353-363.
    4. Jerome Fahrer & Andrew Pease, 1993. "The Unemployment/Vacancy Relationship in Australia," RBA Research Discussion Papers rdp9305, Reserve Bank of Australia.
    5. Yves Bourdet & Inga Persson, 1991. "Politique de l'emploi et durée du chômage : une comparaison franco-suédoise," Revue de l'OFCE, Programme National Persée, vol. 38(1), pages 65-92.
    6. Rudolf Winter-Ebmer, 1991. "Arbeitslosigkeit, Hysterese und Wirtschaftspolitik," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 17(3), pages 353-364.

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