Unemployment in the Great Recession

Dados Bibliográficos

ID9726475
AutoresChristopher A Pissarides (0000-0002-0695-058X, London School of Economics and Political Science, autor correspondente)
Ano2013
Volume80
Fascículo319
Páginas385-403
Data de publicação2013-07-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoEconomica (JOURNAL)
Identificadores do periódicoISSN: 0013-0427 • E-ISSN: 1468-0335
EditoraWiley (PUBLISHER • GB)
DOI10.1111/ecca.12026
OpenAlexW1604027406
IdiomaEN
Citações recebidas10
Referências citadas13

This paper studies the responses of unemployment in Germany, the USA and the UK to the Great Recession of 2008–9 using Beveridge curve analysis, and in the entire OECD using other techniques. It is shown that the UK suffered from recession but no structural problems; the USA suffered from structural unemployment during the recovery; Germany exhibited a much better performance both during and after the recession. The rise in OECD unemployment is broken down into parts due to aggregate activity, the construction sector and a residual attributed to policies and institutions, which is used to reach conclusions about policy

Beveridge curve · Economics · Full employment · Great recession · Keynesian economics · Labour economics · Macroeconomics · Recession · Structural unemployment · Unemployment · Unemployment rate · Economic Theory and Policy · Regional Development and Policy · Unemployment and Economic Growth