Add to ORKGThe paper conjectures that the high unemployment of the Western economies has been produced by the decline of the private house-rental market and the rise of home-ownership. Evidence is provided for the developed nations, the states of the USA, and the regions of the UK, Italy, France and Sweden. Although its calculations should be viewed as tentative, the paper's results imply that a 10 percentage point rise in the owner-occupation rate is associated with an increase of approximately 2 percentage points in the unemployment rate. This would be sufficient to explain a significant part of the rise in joblessness in the industrialized countries
It is argued that policymakers, macroeconomists and microeconomists should all take high unemploymen...
Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate ...
Determining what percentage of a country\u27s unemployment rate is natural , as opposed to cyclical...
The conventional wisdom is that high European unemployment is the result of job markets that are rig...
Average unemployment in Europe today is relatively high compared with OECD countries outside Europe....
This paper takes Keynesian macroeconomics and growth theory as its starting point and uses it to ana...
Average unemployment in Europe today is relatively high compared with OECD countries outside Europe....
Econometric evidence suggests that the non-accelerating inflation rate of unemployment (the NAIRU) h...
The paper starts from two sets of facts about Continental Europe. The first is the steady increase i...
Twenty years ago, on the eve of the first of the great post-Bretton Woods recessions, unemployment d...
The OECD’s unemployment problem is largely concentrated among low-skilled workers. In this paper, fo...
Abstract This short paper aims to contribute to the debate on the causes and remedies for high ra...
The aim of the paper is to compare the NAIRU hypothesis regarding �European unemployment and a Keyne...
The paper is divided into three parts, and a summary at the end. Part one explains how policies cond...
We construct a stylised macro-model with goods and labour market imperfections to show that the econ...
It is argued that policymakers, macroeconomists and microeconomists should all take high unemploymen...
Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate ...
Determining what percentage of a country\u27s unemployment rate is natural , as opposed to cyclical...
The conventional wisdom is that high European unemployment is the result of job markets that are rig...
Average unemployment in Europe today is relatively high compared with OECD countries outside Europe....
This paper takes Keynesian macroeconomics and growth theory as its starting point and uses it to ana...
Average unemployment in Europe today is relatively high compared with OECD countries outside Europe....
Econometric evidence suggests that the non-accelerating inflation rate of unemployment (the NAIRU) h...
The paper starts from two sets of facts about Continental Europe. The first is the steady increase i...
Twenty years ago, on the eve of the first of the great post-Bretton Woods recessions, unemployment d...
The OECD’s unemployment problem is largely concentrated among low-skilled workers. In this paper, fo...
Abstract This short paper aims to contribute to the debate on the causes and remedies for high ra...
The aim of the paper is to compare the NAIRU hypothesis regarding �European unemployment and a Keyne...
The paper is divided into three parts, and a summary at the end. Part one explains how policies cond...
We construct a stylised macro-model with goods and labour market imperfections to show that the econ...
It is argued that policymakers, macroeconomists and microeconomists should all take high unemploymen...
Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate ...
Determining what percentage of a country\u27s unemployment rate is natural , as opposed to cyclical...