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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- Layard, Richard & Bean, Charles, 1989.
" Why Does Unemployment Persist?,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 91(2), pages 371-96.
- Saint-Paul, Gilles, 1994.
"The Dynamics of Exclusion and Fiscal Conservatism,"
CEPR Discussion Papers
998, C.E.P.R. Discussion Papers.
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"On the Political Economy of Labor Market Flexibility,"
in: NBER Macroeconomics Annual 1993, Volume 8, pages 151-196
National Bureau of Economic Research, Inc.
- Saint-Paul, Gilles, 1993. "On the Political Economy of Labour Market Flexibility," CEPR Discussion Papers 803, C.E.P.R. Discussion Papers.
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- 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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"Is Inequality Harmful for Growth,"
537, Stockholm - International Economic Studies.
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