Some political aspects of unemployment

Gilles Saint-Paul

Research output: Contribution to journalArticle

Abstract

We study a number of mechanisms through which the economy can be stuck at a high unemployment equilibrium because a poor labour market is associated with support for a poor policy. These mechanisms are consistent with the relative scarcity of measures that have been undertaken to cure unemployment. The message of the paper is that curing the European unemployment problem is a difficult task because a lot of skill is required to avoid political pitfalls.

Original languageEnglish (US)
Pages (from-to)575-582
Number of pages8
JournalEuropean Economic Review
Volume39
Issue number3-4
DOIs
StatePublished - Apr 1995

Keywords

  • Flexibility
  • Job policies
  • Labor market
  • Political economy
  • Unemployment

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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