An introduction to the european unemployment problem: Past trajectory, present dilemmas and future policies

Nauro F. Campos, Vera Z. Eichenauer and Jan-Egbert Sturm

European Economic Review, 2025, vol. 172, issue C

Abstract: Since 1980, the unemployment rate in Europe has consistently exceeded that in the United States. A large body of economic literature has attempted to explain the causes of this phenomenon. The aim of this paper is to provide an introductory overview of the subject, including a review of existing explanations, the establishment of a set of stylised facts and the introduction of a selection of recent contributions to the ongoing debate.

Keywords: Unemployment; Labour market institutions; Shocks; Worker heterogeneity; Gender; Youth unemployment (search for similar items in EconPapers)
JEL-codes: E02 E24 F66 J08 J21 J48 J64 O43 P48 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:172:y:2025:i:c:s0014292124002575

DOI: 10.1016/j.euroecorev.2024.104928

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