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Europe's unemployment problem*

Published online by Cambridge University Press:  13 July 2009

Jacques Drèze
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Abstract

The main difference between unemployment in the US and Europe is due to the way productivity is incorporated into real wages and the extent to which output and employment are demand determined.

Type
FOCUS—Issues for Science and Society
Information
European Review , Volume 2 , Issue 1 , January 1994 , pp. 73 - 82
Copyright
Copyright © Academia Europaea 1994

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References

REFERENCES

1.Drèze, J. H.. Bean, C. R., Lambert, J. P., Mehta, F. and Sneessens, H. R. (Eds.) (1991) Europe's Unemployment Problem. MIT Press.Google Scholar
2.Bean, C. R., Layard, P. R. G. and Nickell, S. J. (Eds.) (1987) The Rise of Unemployment in Europe. Basil Blackwell.Google Scholar
3.Hellwig, M. and Neumann, M. (1987) Germany under Kohl. Economic Policy 5, 103–145.CrossRefGoogle Scholar
4.Drèze, J. H., Wyplosz, C., Bean, C. R., Giavazzi, F. and Giersch, H. (1988) The two-handed growth strategy for Europe: autonomy through flexible cooperation. Recherches Economiques de Louvain, 54(1), 5–52. Reprinted in J. H. Drèze (1991) Underemployment in Equilibria, Essays in Theory, Econometria and Policy. Chapter 18. Cambridge University Press.CrossRefGoogle Scholar