Working Paper Series,
Research Institute of Industrial Economics

Abstract: How do we explain the poor employment performance in Western Europe since about the-1970s? This question is in fact twofold : What initiated the dramatic rise in employment, and waht mechanisms have made it continue for so long? My attemps to answer these questions from the basis for a discussion of various policy options.

Keywords: LABOUR MARKET; UNEMPLOYMENT; ECONOMIC POLICY

JEL-codes: J20; J21

31 pages, August 13, 1996

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