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Unemployment: perspectives and policies

Unemployment: perspectives and policies While unemployment has been the common experience of OECD countries over the last three decades, there have also been significant differences in its severity and extent. These differences were characterised in the 1990s as a "trade-off" between unemployment and wage inequality. According to this argument, the USA has achieved relatively low unemployment at the cost of widening inequality, while Europe has only been able to maintain equality at the cost of high unemployment. This introduction to selected papers from Australia's 6th National Conference on Unemployment questions whether such a trade-off is well grounded in the evidence, and suggests that it may instead be thought of as an ideological construct which has been deployed to make a case for US-style labour market deregulation and "workfare" against the supposedly inflexible European social democratic model. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Manpower Emerald Publishing

Unemployment: perspectives and policies

Roy Green
International Journal of Manpower , Volume 21 (5): 5 – Aug 1, 2000
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References (2)

Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
0143-7720
DOI
10.1108/01437720010377666
Publisher site
See Article on Publisher Site

Abstract

While unemployment has been the common experience of OECD countries over the last three decades, there have also been significant differences in its severity and extent. These differences were characterised in the 1990s as a "trade-off" between unemployment and wage inequality. According to this argument, the USA has achieved relatively low unemployment at the cost of widening inequality, while Europe has only been able to maintain equality at the cost of high unemployment. This introduction to selected papers from Australia's 6th National Conference on Unemployment questions whether such a trade-off is well grounded in the evidence, and suggests that it may instead be thought of as an ideological construct which has been deployed to make a case for US-style labour market deregulation and "workfare" against the supposedly inflexible European social democratic model.

Journal

International Journal of Manpower – Emerald Publishing

Published: Aug 1, 2000

Keywords: Inequality; Deregulation; Flexibility; Welfare

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