A Dynamic Approach to Europe's Unemployment Problem

A Dynamic Approach to Europe's Unemployment Problem PDF

Author: Simon M. Burgess

Publisher: Centre for Economic Policy Research

Published: 2005

Total Pages: 63

ISBN-13: 1898128898

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Examines the main factors influencing unemployment at both an aggregate level and at an individual level and assesses the role of policies to bring unemployment down.

The Dynamic Approach to Europe's Unemployment Problem

The Dynamic Approach to Europe's Unemployment Problem PDF

Author:

Publisher:

Published: 2007

Total Pages: 79

ISBN-13: 9789279075698

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This publication contains the final report of the project 'The Dynamic Approach to Europe's Unemployment Problem', whose work has primarily contributed to the area 'Employment and unemployment in Europe'. The report contains information about the main scientific findings of DAEUP and their policy implications. The research was carried out by eight teams over a period of 42 month, starting in September 2001 The abstract and executive summary presented in this edition offer the reader an overview of the main scientific and policy conclusions, before the main body of the research provided in the other chapters of this report.

Mismatch Explanations of European Unemployment

Mismatch Explanations of European Unemployment PDF

Author: Horst Entorf

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 214

ISBN-13: 3642589197

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The peristence of European unemployment stands in striking contrast to the cyclical pattern of unemployment in the US. Many people attribute the rise in European unemployment to increased imbalances between the pattern of labour demand and supply - in other words, to greater mismatch, but existing mismatch indicators do not support this view. However, the obvious inference is not legitimate because the evidence is based on trended data, and thus gives rise to spurious statistical results. To get around the problem, the author uses the dynamic flow approach to structural unemployment and disaggregated data. The reader will find new results on "non-spurious" mismatch tendencies, occupational reallocation, the matching of apprentices, and the importance of matching and mobility for wage differentials.

Economic Policies and Unemployment Dynamics in Europe

Economic Policies and Unemployment Dynamics in Europe PDF

Author: Mr.Dennis J. Snower

Publisher: International Monetary Fund

Published: 1997-01-28

Total Pages: 228

ISBN-13: 9781557755780

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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.

Youth Unemployment in Advanced Europe

Youth Unemployment in Advanced Europe PDF

Author: Angana Banerji

Publisher: International Monetary Fund

Published: 2015-01-21

Total Pages: 38

ISBN-13: 1498324401

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The crisis has intensified what was previously a chronic unemployment problem in Europe; youth unemployment is now at unprecedented highs in some European countries. This paper assesses the main drivers of youth unemployment in Europe. It finds that much of the increase in youth unemployment rates during the crisis can be explained by output dynamics and the greater sensitivity of youth unemployment to economic activity than adult unemployment. Labor market institutions also play a significant role in explaining the persistently high levels of youth unemployment, especially the tax wedge, minimum wages relative to the median wage, spending on active labor market policies, the opportunity cost of working (measured by the unemployment benefits), vocational training, and labor market duality. This suggests that policies to address youth unemployment should be comprehensive and country-specific, focused on reviving growth and advancing labor market reforms.

Explaining Unemployment in Spain

Explaining Unemployment in Spain PDF

Author: Mr.Jeffrey R. Franks

Publisher: International Monetary Fund

Published: 1994-09-01

Total Pages: 42

ISBN-13: 1451852576

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Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures and their likely Impact. A demographic shift in recent years has produced a large rise in female labor force participation and a decrease in agricultural jobs to which the economy has been unable to adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of the resulting unemployment, but the remainder must be explained by failures and rigidities in the labor market. The paper presents econometric evidence that unemployment displays hysteresis, and that wages are not responsive to changes in the unemployment rate. This evidence supports the claim that insider-outsider factors and rigidities in the legal structure of the labor market are responsible for much of the high unemployment rate. Recent reforms have improved the functioning of the labor market, but they are unlikely to be sufficient to reduce unemployment to single digit rates without further action.

The Search for Europe

The Search for Europe PDF

Author: Daron Acemoglu

Publisher: La fabrica

Published: 2016

Total Pages: 0

ISBN-13: 9788416248421

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This volume is now the eighth in the annual series sponsored by BBVA as part of its OpenMind initiative, which is devoted to disseminating knowledge on key issues of our time. The Search for Europe analyses the present and future of the old continent and its integration project, surely the most ambitious political and economic integration project ever attempted in history, a benchmark for similar processes in other regions. The book is divided into three main sections: "The economic foundations of the European project", "Europe and its nations: Politics, society and culture", and "The unresolved Limits of Europe and the new global powers". It features pieces written by international experts such as Javier Solana, Barry Eichengreen, Philip Cooke, Bichara Khader, Vivien Ann Schmidt, John Peet and Thomas Christiansen, among others.