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

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  • Mr. Dennis J. Snower

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 least in part--on the theories’ ability to predict some salient stylized facts about unemployment behavior. The paper considers four types, of policies laissez faire, demand-management supply-side; and structural policies.

Suggested Citation

  • Mr. Dennis J. Snower, 1995. "Evaluating Unemployment Policies: What Do the Underlying Theories Tell Us?," IMF Working Papers 1995/007, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1995/007
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    Citations

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    Cited by:

    1. John Adams & Malcolm Greig & Ronald W. McQuaid, 2002. "Mismatch in Local Labour Markets in Central Scotland: The Neglected Role of Demand," Urban Studies, Urban Studies Journal Limited, vol. 39(8), pages 1399-1416, July.
    2. Lonnie Golden & Stuart Glosser, 2013. "Work sharing as a potential policy tool for creating more and better employment: A review of the evidence," Chapters, in: Jon C. Messenger & Naj Ghosheh (ed.), Work Sharing during the Great Recession, chapter 7, pages 203-258, Edward Elgar Publishing.
    3. Hedwig Lutz, 1998. "Europäischer Sozialfonds und Arbeitsmarktpolitik," WIFO Monatsberichte (monthly reports), WIFO, vol. 71(9), pages 617-625, September.
    4. BURGGRAEVE Koen & DU CAJU Philip, 2010. "How Do Reference Values for Wages and Wage Indexing Influence the Impact of Labour Tax Reductions?," EcoMod2003 330700028, EcoMod.
    5. Hedwig Lutz, 1998. "European Social Fund and Labor Market Policy," Austrian Economic Quarterly, WIFO, vol. 3(4), pages 209-217, October.
    6. Aloys Prinz, 2004. "Reform der Arbeitsmarktpolitik: Alter Wein in neuen Schläuchen?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 5(3), pages 313-332, August.
    7. Charles Meth, 2004. "Half Measures: The ANC's Unemployment and Poverty Reduction Goals," Working Papers 04089, University of Cape Town, Development Policy Research Unit.
    8. Fertig, Michael & Jacobi, Lena & Kluve, Jochen & Schaffner, Sandra & Schmidt, Christoph M. & Schumacher, Peter Michael & Tamm, Marcus & Apel, Helmut & Friedrich, Werner & Hägele, Helmut & Buscher, Her, 2006. "Evaluation der Umsetzung der Vorschläge der Hartz-Kommission. Arbeitspaket 1, Modul 1f. Teil 2: Benchmarking und makroökonomische Analysen," RWI Projektberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, number 70876.
    9. Elizabeth Webster, 1999. "Macroeconomic Evaluations of Labour Market Programs," The Economic and Labour Relations Review, , vol. 10(1), pages 107-125, June.
    10. Kamila Fialová & Martina Mysíková, 2009. "Labour Market Participation: The Impact of Social Benefits in the Czech Republic and Selected European Countries," Prague Economic Papers, Prague University of Economics and Business, vol. 2009(3), pages 235-250.
    11. Adams, John & Greig, Malcolm & McQuaid, Ronald W., 1999. "Mismatch and unemployment in local labour markets," ERSA conference papers ersa99pa027, European Regional Science Association.

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