Unemployment
CEP researchers Richard Layard, Stephen Nickell and Richard Jackman provided a definitive and highly influential view of unemployment in their 1991 book "Unemployment: Macroeconomic Performance and the Labour Market". A second edition was published in 2005 providing an update on their views, after nearly 15 years of policy reform in many countries, much initiated by their research.
Other research in this area includes:
- Why do Americans work harder than Europeans?
Recent work in this area has focused on a broader view of differences in work hours rather than just employment. In "Patterns of work across the OECD" [Full document in Adobe PDF] CEP Discussion Paper 730, June 2006, Giulia Faggio and Stephen Nickell investigate the role of taxes, benefits, unions, and labour market institutions in explaining variation in work across the OECD countries.
Christopher Pissarides investigates the role of the expansion of the service sector and technical change in "Unemployment and Hours of Work: The North Atlantic Divide Revisited" [Full document in Adobe PDF] CEP Discussion Paper 757, October 2006.
- In "Labour market institutions" [Full document in Adobe PDF] CEP Discussion Paper 844,
January 2008, Harvard and CEP researcher Richard Freeman argues for a more nuanced view on how labour market institutions affect unemployment and productivity growth.
Recent publications in this area:
- Barbara Petrongolo and Christopher Pissarides "The Ins and Outs of European Unemployment," American Economic Review Papers and Proceedings, May 2008, pp. 256-262
- Giulia Faggio and Stephen Nickell "Patterns of work across the OECD," The Economic Journal 117, June 2007
- Christopher Pissarides "Unemployment and Hours of Work: The North Atlantic Divide Revisited," International Economic Review, 48 (February 2007) 1-36
- Barbara Petrongolo and Melvyn Coles "A Test Between Stock-Flow Matching and the Random Matching Function Approach," International Economic Review, forthcoming Nov. 2008.
