Unemployment and Labor Market Rigidities: Europe versus North America.
The received wisdom tells us that the rigidity and inflexibility of European job markets relative to that in the United States is the reason why Europe has high unemployment. This paper argues that this broad brush analysis is simply too vague to be useful. Indeed it is probably positively misleadin...
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| Формат: | Journal article |
| Язык: | English |
| Опубликовано: |
1997
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| _version_ | 1826286177040203776 |
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| author | Nickell, S |
| author_facet | Nickell, S |
| author_sort | Nickell, S |
| collection | OXFORD |
| description | The received wisdom tells us that the rigidity and inflexibility of European job markets relative to that in the United States is the reason why Europe has high unemployment. This paper argues that this broad brush analysis is simply too vague to be useful. Indeed it is probably positively misleading. Many labor market institutions that conventionally come under the heading of rigidities have no observable impact on unemployment and may otherwise serve a useful purpose. |
| first_indexed | 2024-03-07T01:39:53Z |
| format | Journal article |
| id | oxford-uuid:967e7fd8-c7d7-48ff-ab6e-8da2da312916 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T01:39:53Z |
| publishDate | 1997 |
| record_format | dspace |
| spelling | oxford-uuid:967e7fd8-c7d7-48ff-ab6e-8da2da3129162022-03-26T23:53:15ZUnemployment and Labor Market Rigidities: Europe versus North America.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:967e7fd8-c7d7-48ff-ab6e-8da2da312916EnglishDepartment of Economics - ePrints1997Nickell, SThe received wisdom tells us that the rigidity and inflexibility of European job markets relative to that in the United States is the reason why Europe has high unemployment. This paper argues that this broad brush analysis is simply too vague to be useful. Indeed it is probably positively misleading. Many labor market institutions that conventionally come under the heading of rigidities have no observable impact on unemployment and may otherwise serve a useful purpose. |
| spellingShingle | Nickell, S Unemployment and Labor Market Rigidities: Europe versus North America. |
| title | Unemployment and Labor Market Rigidities: Europe versus North America. |
| title_full | Unemployment and Labor Market Rigidities: Europe versus North America. |
| title_fullStr | Unemployment and Labor Market Rigidities: Europe versus North America. |
| title_full_unstemmed | Unemployment and Labor Market Rigidities: Europe versus North America. |
| title_short | Unemployment and Labor Market Rigidities: Europe versus North America. |
| title_sort | unemployment and labor market rigidities europe versus north america |
| work_keys_str_mv | AT nickells unemploymentandlabormarketrigiditieseuropeversusnorthamerica |