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 to...

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Main Author: Pissarides, Christopher
Format: Report
Language:unknown
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Online Access:http://eprints.lse.ac.uk/4461/
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spelling ftrepec:oai:RePEc:ehl:lserod:4461 2024-04-14T08:15:40+00:00 Unemployment and hours of work: the North Atlantic divide revisited Pissarides, Christopher http://eprints.lse.ac.uk/4461/ unknown http://eprints.lse.ac.uk/4461/ preprint ftrepec 2024-03-19T10:27:25Z 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. Unemployment; hours of work; service employment; structural change; labor productivity taxation Report North Atlantic RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
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. Unemployment; hours of work; service employment; structural change; labor productivity taxation
format Report
author Pissarides, Christopher
spellingShingle Pissarides, Christopher
Unemployment and hours of work: the North Atlantic divide revisited
author_facet Pissarides, Christopher
author_sort Pissarides, Christopher
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
url http://eprints.lse.ac.uk/4461/
genre North Atlantic
genre_facet North Atlantic
op_relation http://eprints.lse.ac.uk/4461/
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