UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED*
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 t...
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crwiley:10.1111/j.1468-2354.2007.00430.x 2024-06-23T07:55:02+00:00 UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED* Pissarides, Christopher A. 2007 http://dx.doi.org/10.1111/j.1468-2354.2007.00430.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1468-2354.2007.00430.x https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1468-2354.2007.00430.x en eng Wiley http://onlinelibrary.wiley.com/termsAndConditions#vor International Economic Review volume 48, issue 1, page 1-36 ISSN 0020-6598 1468-2354 journal-article 2007 crwiley https://doi.org/10.1111/j.1468-2354.2007.00430.x 2024-05-31T08:11:45Z 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. Article in Journal/Newspaper North Atlantic Wiley Online Library International Economic Review 48 1 1 36 |
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English |
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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. |
format |
Article in Journal/Newspaper |
author |
Pissarides, Christopher A. |
spellingShingle |
Pissarides, Christopher A. UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED* |
author_facet |
Pissarides, Christopher A. |
author_sort |
Pissarides, Christopher A. |
title |
UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED* |
title_short |
UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED* |
title_full |
UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED* |
title_fullStr |
UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED* |
title_full_unstemmed |
UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED* |
title_sort |
unemployment and hours of work: the north atlantic divide revisited* |
publisher |
Wiley |
publishDate |
2007 |
url |
http://dx.doi.org/10.1111/j.1468-2354.2007.00430.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1468-2354.2007.00430.x https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1468-2354.2007.00430.x |
genre |
North Atlantic |
genre_facet |
North Atlantic |
op_source |
International Economic Review volume 48, issue 1, page 1-36 ISSN 0020-6598 1468-2354 |
op_rights |
http://onlinelibrary.wiley.com/termsAndConditions#vor |
op_doi |
https://doi.org/10.1111/j.1468-2354.2007.00430.x |
container_title |
International Economic Review |
container_volume |
48 |
container_issue |
1 |
container_start_page |
1 |
op_container_end_page |
36 |
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1802647419084603392 |