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Mass Unemployment: International Experience and Lessons for Policy

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  • Richard Jackman
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    Abstract

    While variations across countries in the experiences of mass unemployment have been extensively analysed, the even more striking variation over time is much less well understood. This paper argues that the capacity of a nation to maintain full employment by means of 'Keynesian' fiscal and monetary policies is constrained no longer so much by the need to contain inflationary pressures (where the wage setting arrangements of corporatist countries are an advantage) as by the growth of international trade and capital mobility. It is argued that traditional corporatist institutions are not well-suited to these developments.

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    Bibliographic Info

    Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0152.

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    Date of creation: Jun 1993
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    Handle: RePEc:cep:cepdps:dp0152

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    Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEP

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    Cited by:
    1. Aidt, T.S. & Tzannatos, Z., 2005. "The Cost and Benefits of Collective Bargaining," Cambridge Working Papers in Economics 0541, Faculty of Economics, University of Cambridge.
    2. Toke Aidt & Zafiris Tzannatos, 2002. "Unions and Collective Bargaining : Economic Effects in a Global Environment," World Bank Publications, The World Bank, number 15241, July.

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