Some political aspects of unemployment
We study a number of mechanisms through which an economy can be stuck at a high unemployment equilibrium because a poor labour market is associated with support for poor policy. These mechanisms are consistent with the relative scarcity of measures that have been undertaken to cure unemployment. The message of the paper is that curing the European unemployment problem is a difficult task because a lot of skill is required to avoid political pitfalls.
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References listed on IDEAS
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- Layard, R., 1989. "European Unemployment: Cause And Cure," Papers 368, London School of Economics - Centre for Labour Economics.
- Persson, Torsten & Tabellini, Guido, 1994.
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321, London School of Economics - Centre for Labour Economics.
- Saint-Paul, Gilles, 1993.
"On the Political Economy of Labour Market Flexibility,"
CEPR Discussion Papers
803, C.E.P.R. Discussion Papers.
- Gilles Saint-Paul, 1993. "On the Political Economy of Labor Market Flexibility," NBER Chapters, in: NBER Macroeconomics Annual 1993, Volume 8, pages 151-196 National Bureau of Economic Research, Inc.
- Saint-Paul, G., 1993. "On the Political Economy of Labor Market Flexibility," DELTA Working Papers 93-02, DELTA (Ecole normale supérieure).
- Gilles Saint-Paul, 2001.
"The Dynamics of Exclusion and Fiscal Conservatism,"
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Elsevier for the Society for Economic Dynamics, vol. 4(2), pages 275-302, April.
- Perotti, Roberto, 1993. "Political Equilibrium, Income Distribution, and Growth," Review of Economic Studies, Wiley Blackwell, vol. 60(4), pages 755-76, October.
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