Citation

Discussion Paper Details

Please find the details for DP949 in an easy to copy and paste format below:

Full Details

Title: Some Political Aspects of Unemployment

Author(s): Gilles Saint-Paul

Publication Date: May 1994

Keyword(s): Exclusion, Firing Costs, Fiscal Conservatism, Labour Market Flexibility, Political Reform, Protection and Unemployment

Programme Area(s): Human Resources and International Macroeconomics

Abstract: We study a number of mechanisms through which an economy can be stuck at a high unemployment equilibrium because a poor labour market is associated with support for 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.

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Bibliographic Reference

Saint-Paul, G. 1994. 'Some Political Aspects of Unemployment'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=949