ENGLISH

Mismatch Explanations of European Unemployment: A Critical Evaluation

By Professor Horst Entorf (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
1998
ISBN
978-3-642-63789-6, 978-3-642-58919-5
DOI
10.1007/978-3-642-58919-5
Language
english
Format
PDF
Filesize
8 MB (7915845 bytes)
Series
European and Transatlantic Studies
Edition
1
Pages
206\213
Time added
2013-12-12 02:00:00
Economic Theory

Description

The peristence of European unemployment stands in striking contrast to the cyclical pattern of unemployment in the US. Many people attribute the rise in European unemployment to increased imbalances between the pattern of labour demand and supply - in other words, to greater mismatch, but existing mismatch indicators do not support this view. However, the obvious inference is not legitimate because the evidence is based on trended data, and thus gives rise to spurious statistical results. To get around the problem, the author uses the dynamic flow approach to structural unemployment and disaggregated data. The reader will find new results on "non-spurious" mismatch tendencies, occupational reallocation, the matching of apprentices, and the importance of matching and mobility for wage differentials.

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