Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
Research Institute of Industrial Economics (IFN) Working Paper Series

No 481:
The European Unemployment Dilemma

Lars Ljungqvist and Thomas J. Sargent

Abstract: Post World War II European welfare states experienced several decades of relatively low unemployment, followed by a plague of persistently high unemployment since the 1980s. We impute the higher unemployment to welfare states' diminished ability to cope with more turbulent economic times, such as the ongoing restructuring from manufacturing to the service industry, adoption of new information technologies and a rapidly changing international economy. We use a general equilibrium search model where workers accumulate skills on the job and lose skills during unemployment.

Keywords: Unemployment; Economic turbulence; Welfare state; Europe; (follow links to similar papers)

JEL-Codes: E24; J64; (follow links to similar papers)

39 pages, April 21, 1997

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

iuiwop0481.pdf.zip    PDF-file (zipped) (267kB) 
iuiwop0481.pdf    PDF-file (358kB) 
iuiwop0481.ps.zip    PKZipped PostScript (104kB) 
iuiwop0481.ps    PostScript file (429kB) 
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Elisabeth Gustafsson ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:iuiwop:0481 This page was generated on 2014-12-14 19:24:05