أعرض تسجيلة المادة بشكل مبسط

dc.creator Karanassou, Marika
dc.creator Sala, Héctor
dc.creator Snower, Dennis J.
dc.date 2002
dc.date.accessioned 2013-10-16T06:05:20Z
dc.date.available 2013-10-16T06:05:20Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/2800
dc.identifier ppn:352717491
dc.identifier ppn:352717491
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/2800
dc.description This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged lagged adjustment processes. We present an empirical analysis that distinguishes between unemployment movements arising from longrun equilibrium changes and those arising from lagged intertemporal adjustments. This analysis has far-reaching policy implications. Our analysis shows that the rise in EU unemployment over the 1970s and first part of the 1980s was due largely to permanent shocks (especially the rise in working-age population and the decline in capital formation), whereas the unemployment increase in the first part of the 1990s was due largely to temporary shocks (especially the fall in competitiveness and the rise in real interest rates).
dc.language eng
dc.publisher Forschungsinstitut zur Zukunft der Arbeit Bonn
dc.relation IZA Discussion paper series 531
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J32
dc.subject J60
dc.subject J64
dc.subject E30
dc.subject E37
dc.subject ddc:330
dc.subject unemployment
dc.subject natural rate
dc.subject NAIRU
dc.subject labor market shocks
dc.subject employment
dc.subject labor force participation
dc.subject wage determination
dc.subject intertemporal adjustments
dc.subject homogeneous dynamic panels
dc.subject panel unit root tests
dc.subject Arbeitslosigkeit
dc.subject Natürliche Arbeitslosigkeit
dc.subject Schock
dc.subject Erwerbspersonenpotenzial
dc.subject EU-Staaten
dc.title Unemployment in the European Union : a dynamic reappraisal
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط