The US-European Unemployment Divide Revisited: The Role of Growth and Convergence

In this paper I argue that most comparisons of the unemployment dynamics in the United States and Europe since the war incorrectly neglect the role of technological catch-up in Europe up to the late 1960s and the contribution of the different growth experiences in the two continents. Growth has a big impact on unemployment in econometric estimation. I use established estimates to calculate the effect of catch-up and growth on unemploymen

MoreLess

Year of publication:	2006-12-03
Authors:	Pissarides, Christopher A
Institutions:	Society for Economic Dynamics - SED
Subject:	unemployment \| convergence dynamics \| growth \| European unemployment \| productivity slowdown

More details

Series:	2006 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2006 Meeting Papers Number 363
Classification:	E24 - Employment; Unemployment; Wages ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005090733