Unemployment in Europe, Structural Changes and Employment Enhancement

Employment protection and unemployment

The second factor often mentioned in discussions of European unemployment is employment protection (the first, unernploymenr benefits, was the topic of the previous note). Employment protection, the argument goes, increases the cost of doing business, leads to sclerosis of the economy, and to high unemployment. The purpose of this note is to assess both the theoretical and the empirical merits ...

Employment and Unemployment in the 1930s

The Great Depression is to economics what the Big Bang is to physics. As an event, the Depression is largely synonymous with the birth of modern macroeconomics, and it continues to haunt successive generations of economists. With respect to labor and labor markets, these facts evidently include wage rigidity, persistently high unemployment rates, and long-term joblessness. Traditionally, aggreg...

Cyclical Unemployment, Structural Unemployment

Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge curve pattern of unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores issues in that proxy relations...

Youth Employment and Unemployment in India

Increase in the share of youth population due to demographic ‘dividend’ or the ‘youth bulge’ seems to be one of the sources of future economic growth in India. Although with increase in school and college enrolment rates, the proportion of youth in the labour force has been declining, their high proportions in the labour force indicate that the problem of youth unemployment and underemployment ...

Spatial Interaction and Regional Unemployment in Europe