Federal Reserve Bank of Chicago
A supply-side explanation of European unemployment
This article offers a supply-side explanation of striking patterns in unemployment rates and duration of unemployment in European countries, compared with other member countries of the OECD (Organization for Economic Cooperation and Development). The rise in long-term unemployment in Europe is attributed to the adverse incentive effects of generous welfare programs in times of economic turbulence.
Cite this item
Lars Ljungqvist & Thomas J. Sargent, "A supply-side explanation of European unemployment"
, Federal Reserve Bank of Chicago, Economic Perspectives, issue Sep, pages 2-15, 1996.
Keywords: Unemployment - Europe
This item with handle RePEc:fip:fedhep:y:1996:i:sep:p:2-15:n:v.20no.5
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