Pissarides, Christopher A. (2013) Unemployment in the great recession. CEP Discussion Papers, CEPDP1210. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
- Published Version
This paper studies the responses of unemployment in Germany, the United States and Britain to the Great Recession of 2008-09 by making use of Beveridge curve analysis, and in the entire OECD with other techniques. It is shown that Britain suffered from recession but no structural problems; the United States suffered from structural unemployment during the recovery; Germany exhibited a much better performance both during and after the recession. The rise in OECD unemployment is broken down into parts due to aggregate activity, the construction sector and a residual attributed to policies and institutions, which is used to reach conclusions about policy.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 2013 The Author|
|Library of Congress subject classification:||H Social Sciences > HD Industries. Land use. Labor|
|Journal of Economic Literature Classification System:||E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation)
J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies
|Sets:||Departments > Economics
Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
|Date Deposited:||08 Aug 2013 09:39|
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