Unemployment and hours of work: The North Atlantic divide revisited

• 成果类型: Article
• 署名作者: Pissarides, Christopher A.
• 署名单位: University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK; IZA Institute Labor Economics
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/j.1468-2354.2007.00430.x
• 发表日期: 2007
• 页码: 1-36
• 关键词: labor-market

摘要

I examine the dynamic evolutions of unemployment, hours of work, and the service share since the war in the United States and Europe. The theoretical model brings together all three and emphasizes technological growth. Computations show that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological catch-up. Productivity also played a role in the dynamics of hours, but a full explanation for the fast rise of service employment and the big fall in aggregate hours needs further research. Taxation has played a role but results are mixed.