This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Perspectives: Vol. 11 No. 3 (Summer 1997)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

JEP - All Issues


Unemployment and Labor Market Rigidities: Europe versus North America

Article Citation

Nickell, Stephen. 1997. "Unemployment and Labor Market Rigidities: Europe versus North America." Journal of Economic Perspectives, 11(3): 55-74.

DOI: 10.1257/jep.11.3.55

Abstract

The received wisdom tells us that the rigidity and inflexibility of European job markets relative to that in the United States is the reason why Europe has high unemployment. This paper argues that this broad brush analysis is simply too vague to be useful. Indeed it is probably positively misleading. Many labor market institutions that conventionally come under the heading of rigidities have no observable impact on unemployment and may otherwise serve a useful purpose.

Article Full-Text Access

Full-text Article (Complimentary)

Authors

Nickell, Stephen (U Oxford)

JEL Classifications

E24: Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
J21: Labor Force and Employment, Size, and Structure
J64: Unemployment: Models, Duration, Incidence, and Job Search

Comments

View Comments on This Article (0) | Login to post a comment


Journal of Economic Perspectives


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEP - All Issues

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us