Labour Market Institutions and Unemployment in Europe and OECD – a Survey
نویسنده
چکیده
There are many descriptions of how unemployment in Europe and other OECD countries evolved over time (see for example Blanchard (2005) for an overview). In this respect, Europe has been a puzzling case with high and persistent unemployment rates. In short: Unemployment in Europe was low in the 1960s and it increased in the 1970s and 80s. Since then, unemployment has become highly heterogeneous across Europe. Some countries managed to reduce their unemployment rate to lower levels, others remained on a high plateau.
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