Two Tools for Analysing Unemployment

Olivier Blanchard

Chapter 5 in Issues in Contemporary Economics, 1991, pp 102-127 from Palgrave Macmillan

Abstract: Abstract Labour markets in developed economies are characterised by large flows of workers, continual job creation and job destruction. This is true of the USA where, on average, 7 per cent of the labour force goes in or out of employment each month. It is also true of Western Europe. Even during the depressed 1980s, the monthly movement in and out of unemployment has been equal on average to 4 per cent of the labour force in the UK, 2.5 per cent in France and 2 per cent in Germany.2

Keywords: Unemployment Rate; Phillips Curve; Vacancy Rate; Curve Shift; Aggregate Activity (search for similar items in EconPapers)
Date: 1991
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Working Paper: Two Tools for Analyzing Unemployment (1989)
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DOI: 10.1007/978-1-349-11576-1_5

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