Unemployment and Labor Market Rigidities: Europe versus North America
Stephen Nickell ()
Journal of Economic Perspectives, 1997, vol. 11, issue 3, pages 55-74
The received wisdom tells us that the rigidity and inflexibility of European job markets relative to that in the United States is the reason why Europe has high unemployment. This paper argues that this broad brush analysis is simply too vague to be useful. Indeed it is probably positively misleading. Many labor market institutions that conventionally come under the heading of rigidities have no observable impact on unemployment and may otherwise serve a useful purpose.
JEL-codes: E24 J21 J64 (search for similar items in EconPapers)
Note: DOI: 10.1257/jep.11.3.55
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (742) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:aea:jecper:v:11:y:1997:i:3:p:55-74
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Economic Perspectives is currently edited by David H. Autor
More articles in Journal of Economic Perspectives from American Economic Association Contact information at EDIRC.
Series data maintained by Jane Voros ().