A New Look at U.S. and European Unemployment
Despite ongoing structural reforms, many European countries continue to suffer high rates of unemployment relative to the United States. The authors argue that reported unemployment statistics for both the EU-15 countries and the United States understate the degree of unemployment. Their work is based on an "age-adjusted" unemployment rate, which takes into account changes in the age and gender structure of the population. But they argue that without these factors, the reported unemployment rate is a misleading measure of the strength of the economy.
Year of publication: |
2006
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Authors: | Horn, Robert ; Heap, Philip |
Published in: |
Challenge. - M.E. Sharpe, Inc., ISSN 0577-5132. - Vol. 49.2006, 2, p. 102-111
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Publisher: |
M.E. Sharpe, Inc. |
Saved in:
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