Unemployment and Labour Market (In)Flexibility

Vani Borooah

Chapter 7 in Growth, Unemployment, Distribution and Government, 1996, pp 57-66 from Palgrave Macmillan

Abstract: Abstract Although high rates of unemployment have emerged over the past decade as a pressing problem for the countries of the European Union there has been a marked shift in opinion as to the appropriate policies that should be followed in order to combat unemployment. In particular, the cosy certainties of the 1950s and 1960s that demand management policies could deliver full employment have (as the previous chapter showed) given way to the realisation that such policies are only able to purchase temporary improvements in the unemployment rate (relative to the economy’s ‘equilibrium’ rate of unemployment, that is, to its NAIRU) at the expense of permanent increases in the inflation rate.

Keywords: Labour Market; Real Wage; Unemployment Benefit; Benefit System; Labour Market Policy (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-0-230-37300-6_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230373006

DOI: 10.1057/9780230373006_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().