Unemployment: Getting the Questions Right - and some of the answers
Olivier Blanchard ()
No 2698, NBER Working Papers from National Bureau of Economic Research, Inc
This paper analyzes the issue of persistent high unemployment. It focuses on two channels of persistence. The first is capital accumulation. The paper analyzes investment decisions under imperfect competition, focusing in particular on the effects of demand and cost shocks on investment, capital composition and bankruptcies, and their effect on employment and unemployment. The second is labor supply. The paper analyzes the various channels through which the unemployed may become disenfranchised, leading to higher equilibrium unemployment. In both cases, it briefly reviews and assesses the available empirical evidence. It ends by drawing several implications.
Note: EFG ITI IFM
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Published as Europes Unemployment Problem, eds. Charles Bean and Jacques Dreze, MIT Press: 1991 pp. 66-89
Downloads: (external link)
Working Paper: Unemployment: Getting the Questions Right--and Some of the Answers (1988)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:2698
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().