The Persistence of Unemployment in a Dynamic Insider-Outsider Model

Allan Drazen and Nils Gottfries

Chapter 12 in Advances in the Theory and Measurement of Unemployment, 1990, pp 323-335 from Palgrave Macmillan

Abstract: Abstract Since the beginning of the 1970s, many countries in Western Europe have experienced persistent high unemployment. For the European Community as a whole the unemployment rate today is approximately four times its 1970 level. This increase in unemployment reflects a significant increase in the duration of unemployment spells and reduced turnover among the unemployed.

Keywords: High Wage; Infinite Horizon; Productivity Shock; Unemployment Spell; Transitory Shock (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-10688-2_12

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