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

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  • Snower, Dennis J.

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 the ability of these theories to predict some salient stylized facts about unemployment behaviour. The paper considers four types of policies: laissez-faire, demand-management, supply-side, and structural.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1081.

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Date of creation: Dec 1994
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Handle: RePEc:cpr:ceprdp:1081

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Keywords: Demand Management; Laissez Faire; Structural Policies; Supply-Side Policies; Unemployment; Unemployment Policies;

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Cited by:
  1. Hedwig Lutz, 1998. "European Social Fund and Labor Market Policy," Austrian Economic Quarterly, WIFO, vol. 3(4), pages 209-217, October.
  2. Dr Ronald W. McQuaid, 1996. "Lifelong Learning And Local Economic Development," Working Paper p22, Departement of Economics, Napier University.
  3. Aloys Prinz, 2004. "Reform der Arbeitsmarktpolitik: Alter Wein in neuen Schläuchen?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 5(3), pages 313-332, 08.
  4. 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, EconWPA 0302001, EconWPA.
  5. Hedwig Lutz, 1998. "European Social Fund and Labor Market Policy," WIFO Monatsberichte (monthly reports), WIFO, vol. 71(9), pages 617-625, September.
  6. 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.
  7. Charles Meth, 2004. "Half Measures: The ANC's Unemployment and Poverty Reduction Goals," Working Papers, University of Cape Town, Development Policy Research Unit 04089, University of Cape Town, Development Policy Research Unit.
  8. Adams, John & Greig, Malcolm & McQuaid, Ronald W., 1999. "Mismatch and unemployment in local labour markets," ERSA conference papers ersa99pa027, European Regional Science Association.
  9. G. Carone & A. Salom�ki, 2001. "Reforms in tax-benefit systems in order to increase emplyoment incentives in the EU," European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission 160, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  10. Camille Logeay & Sven Schreiber, 2006. "Testing the effectiveness of the French work-sharing reform: a forecasting approach," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 38(17), pages 2053-2068.
  11. Kamila Fialová & Martina Mysíková, 2009. "Labour Market Participation: The Impact of Social Benefits in the Czech Republic and Selected European Countries," Prague Economic Papers, University of Economics, Prague, University of Economics, Prague, vol. 2009(3), pages 235-250.

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