Unemployment: Questions and Some Answers
Unemployment: Questions and Some Answers
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失业:问题和一些答案
DOI:
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发表时间:
1998
期刊:
影响因子:
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通讯作者:
S. Nickell
中科院分区:
文献类型:
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作者:
S. Nickell
In more or less every country in the OECD, unemployment was lower in the decades following the second world war than in any other period of comparable length, either before or since. For example, in Britain unemployment has exceeded 5% in every peacetime decade from 1850 onwards except for the 1950s and 1960s. Alternatively, as we can see in Table 1 (p. 779), average unemployment in the 1980s and 90s is higher, generally much higher, than in the 1960s in every country considered. Why this is so is one of the questions which underlies this paper. A second question, which is also illustrated in the unemployment numbers presented in Table 1 (p. 779), concerns the causes of the enormous variation in unemployment rates across the OECD countries? As we shall see, these are difficult questions. The first, in particular, is one for which we do not have a complete answer. By this, I do not mean that we do not have theories which are broadly consistent with these numbers. In fact, we have theories consistent with more or less any numbers. What we lack is a satisfactory empirical explanation of the time series pattern of OECD unemployment. In what follows, we remain focused on these two questions, first considering the theoretical background and then looking at some possible answers. We finish with some speculative conjectures on the first question.