Unemployment and hours of work
the North Atlantic divide revisited
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Author
Contributions
- London School of Economics and Political Science. Centre for Economic Performance - Contributor
Publication
2006 - Centre for Economic Performance, London School of Economics and Political Science, London, England
Language
English
Word Count
0 words, Guess
Page Count
0 pages
Physical Format
Electronic resource
Identifiers
- Library of Congress Control Number2007617063
- Open LibraryOL31800648M
Classifications
- LCCHC10
Description
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.
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