Cookies?
Library Header Image
LSE Research Online LSE Library Services

Unemployment in the great recession

Pissarides, Christopher A. (2013) Unemployment in the great recession. CEP Discussion Papers (CEPDP1210). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

[img] PDF - Published Version
Download (517kB)

Abstract

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)
Official URL: http://cep.lse.ac.uk/_new/publications/series.asp?...
Additional Information: © 2013 The Author
Divisions: Economics
Centre for Economic Performance
Subjects: H Social Sciences > HD Industries. Land use. Labor
JEL classification: 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
Date Deposited: 08 Aug 2013 09:39
Last Modified: 15 Sep 2023 23:29
URI: http://eprints.lse.ac.uk/id/eprint/51546

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics