The Causes and Consequences of Long-Term Unemployment in Europe
AbstractOne of the most striking features of European labour markets is the high incidence of long-term unemployment. In this paper we review the literature on its causes and consequences. Our main conclusions are that: the rise in the incidence of long-term unemployment has been 'caused' by a collapse of outflow rates at all durations of unemployment while the long-term unemployed do leave unemployment at a slower rate than the short-term unemployed, this has always been the case and their relative outflow rate has not fallen over time there is no evidence that, for a given level of unemployment, the incidence of long-term unemployment has been ratcheting up over time once one controls for heterogeneity of the unemployed, there is little evidence of outflow rates that decline over a spell of unemployment While these findings suggest that long-term unemployment is not a problem independent of unemployment itself, one should recognise that the experience of long-term unemployment is a horrid one for those unfortunate enough to experience it.
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Bibliographic InfoPaper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0400.
Date of creation: Jul 1998
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Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEP
Other versions of this item:
- Machin, Stephen & Manning, Alan, 1999. "The causes and consequences of longterm unemployment in Europe," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 47, pages 3085-3139 Elsevier.
- J0 - Labor and Demographic Economics - - General
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Long-term unemployment: There is no easy fix
by Blog Admin in British Politics and Policy at LSE on 2013-10-22 07:00:35
- PolÃticas activas de empleo: quÃ© funciona y quÃ© se consigue
by Samuel Bentolila in Nada Es Gratis on 2013-11-12 06:55:33
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