A supply-side explanation of European unemployment
Lars Ljungqvist and
Thomas Sargent
Economic Perspectives, 1996, vol. 20, issue Sep, 2-15
Abstract:
This article offers a supply-side explanation of striking patterns in unemployment rates and duration of unemployment in European countries, compared with other member countries of the OECD (Organization for Economic Cooperation and Development). The rise in long-term unemployment in Europe is attributed to the adverse incentive effects of generous welfare programs in times of economic turbulence.
Keywords: Unemployment; -; Europe (search for similar items in EconPapers)
Date: 1996
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)
Downloads: (external link)
http://www.chicagofed.org/digital_assets/publicati ... es/1996/epsep96a.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhep:y:1996:i:sep:p:2-15:n:v.20no.5
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Economic Perspectives from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Lauren Wiese ().