Unemployment and Hours of Work: The North Atlantic Divide Revisited

Christopher Pissarides

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United States and Europe. The theoretical model brings together all three and emphasizes technological growth. Computations show that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological catch-up. Productivity also played a role in the dynamics of hours but a full explanation for the fast rise of service employment and the big fall in aggregate hours needs further research. Taxation has played a role but results are mixed.

Keywords: Unemployment; hours of work; service employment; structural change; labor productivity taxation (search for similar items in EconPapers)
JEL-codes: E24 J21 J22 J64 O14 (search for similar items in EconPapers)
Date: 2006-10
New Economics Papers: this item is included in nep-bec, nep-cba, nep-dge, nep-eec, nep-lab, nep-ltv and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED (2007)
Working Paper: Unemployment and hours of work: the North Atlantic divide revisited (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp0757

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