Unemployment: Questions And Some Answers  

Oleh:

Nickell, Stephen

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 108 no. 448 (May 1998), page 802-816.
Fulltext: 802.pdf (193.69KB)

Isi artikel

In more or less every country in the OECD, unemployment was lower in the decades following the second world war than in any other period of comparable length, either before or since. For example, in Britain unemployment has exceeded 5% in every peacetime decade from 1850 onwards except for the 1950s and 1960s. Alternatively, as we can see in Table 1 (p. 779), average unemployment in the 1980s and 90s is higher, generally much higher, than in the 1960s in every country considered. Why this is so is one of the questions which underlies this paper. A second question, which is also illustrated in the unemployment numbers presented in Table 1 (p. 779), concerns the causes of the enormous variation in unemployment rates across the OECD countries?

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