The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
The Role of Shocks and Institutions in the Rise of European Unemployment: the Aggregate Evidence
Abstract
Two key facts about European unemployment must be explained: the rise in unemployment since the 1960s, and the heterogeneity of individual country experiences. While adverse shocks can potentially explain much of the rise in unemployment, there is insufficient heterogeneity in these shocks to explain cross-country differences. Alternatively, while explanations focusing on labour market institutions explain current heterogeneity well, many of these institutions pre-date the rise in unemployment. Based on a panel of institutions and shocks for 20 OECD nations since 1960 we find that the interaction between shocks and institutions is crucial to explaining both stylised facts.
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Blanchard, O. J., Nordhaus, W. D., & Phelps, E. S. (1997) · Brookings Papers on Economic Activity · doi:10.2307/2534687 · Cited by 588 · cited 10×
“Think for example of the shift as coming from a reduction in labour hoarding by ®rmsÐone of the interpretations suggested in Blanchard (1997).”
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Cited by
Employment Patterns in OECD Countries: Reassessing the Role of Policies and Institutions
(2006) · OECD Social, Employment and Migration Working Papers · doi:10.1787/702031136412 · Cited by 403
Bassanini, A., & Duval, R. (2009) · Oxford Review of Economic Policy · doi:10.1093/oxrep/grp004 · Cited by 342
Hassler, J., Rodríguez Mora, J. V., & Zeira, J. (2007) · Journal of Economic Growth · doi:10.1007/s10887-007-9019-x · Cited by 116
Where does regulation hurt? Evidence from new businesses across countries
Ardagna, S., & Lusardi, A. (2009) · doi:10.3386/w14747 · Cited by 41
(2012) · PubMed · Cited by 11
Metadata
- Authors
- Blanchard, O., & Wolfers, J.
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 2000-03-01
- Volume
- 110
- Issue
- 462
- Pages
- C1-C33
- ISSN
- 0013-0133 (ISSN-L)
- 1468-0297
- OpenAlex
- W3121721370
- Cited by
- 1,970
- References
- 1
- FWCI
- 174.86
- Type
- journal article
- Language
- en
- Open access
- closed
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