Economic Policies and Unemployment Dynamics in Europe

January 28, 1997

Preview Citation

Format: Chicago

Economic Policies and Unemployment Dynamics in Europe, (USA: International Monetary Fund, 1997) accessed December 22, 2024

Summary

This book, edited by S.G.B. Henry and Dennis J. Snower, examines the high unemployment that has plagued five European countries- France, Germany, Italy, Spain, and the United Kingdom- for more than a decade. Its methodology focuses on the mechanisms that prevent employers and employees from adjusting promptly to changing market opportunities. Chief among these mechanisms are outdated economic structures, the power of labor unions, rising nonwage labor costs, and the disparity between unemployed workers and available jobs. Although cross-country differences indicate that there is no common cause for joblessness in Europe, the book discusses a unique characteristic of the European labor market- that unemployment not only rises during recessions, but does not fall when economic weaknesses are overcome.

Subject: Employment, Labor, Labor force, Labor markets, Real wages, Unemployment

Keywords: BOOK, Determination equation, Employment, Employment equation, Europe, Labor force, Labor force, Labor markets, Real wages, Southern Europe, Unemployment, Wage, Wage equation, Wage staggering, Western Europe

Publication Details

Pages:

227
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Books
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EPUDEA0000000
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