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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Main Author: Christopher A. Pissarides
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
North Atlantic
Online Access:http://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-2354.2007.00430.x
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spelling ftrepec:oai:RePEc:ier:iecrev:v:48:y:2007:i:1:p:1-36 2024-04-14T08:15:43+00:00 UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED Christopher A. Pissarides http://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-2354.2007.00430.x unknown http://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-2354.2007.00430.x article ftrepec 2024-03-19T10:35:50Z 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. Copyright 2007 by the Economics Department Of The University Of Pennsylvania And Osaka University Institute Of Social And Economic Research Association. Article in Journal/Newspaper North Atlantic RePEc (Research Papers in Economics)
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collection RePEc (Research Papers in Economics)
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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. Copyright 2007 by the Economics Department Of The University Of Pennsylvania And Osaka University Institute Of Social And Economic Research Association.
format Article in Journal/Newspaper
author Christopher A. Pissarides
spellingShingle Christopher A. Pissarides
UNEMPLOYMENT AND HOURS OF WORK: THE NORTH ATLANTIC DIVIDE REVISITED
author_facet Christopher A. Pissarides
author_sort Christopher A. Pissarides
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://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-2354.2007.00430.x
genre North Atlantic
genre_facet North Atlantic
op_relation http://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-2354.2007.00430.x
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