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conclusions: Unemployment is not a serious problem for the vast majority of teenage boys. Less than 5 percent of teenage boys are … do seek work, unemployment spells tend to be quite short; over half end within one month when these boys find work or … stop looking for work. Nevertheless, much of the total amount of unemployment is the result of quite long spells among a …
Persistent link: https://www.econbiz.de/10012478754
This short note emphasizes and illustrates two basic points: (1) The private costs of unemployment, i.e., the costs … cause of the permanently high unemployment rate in the United States. (2) The social costs of unemployment, i.e., the costs … of unemployment to the nation as a whole regardless of how they are distributed, must be judged by considering the …
Persistent link: https://www.econbiz.de/10012478913
unemployment, structural unemployment, and inflation may all be higher in the future as a result of the single currency. Although …
Persistent link: https://www.econbiz.de/10012471257
This paper, prepared for the annual meetings of the American Economic Association, discusses how the increases in the U.S. budget deficits since 1980 have affected the economies of Western Europe. The analysis emphasizes that U.S. deficits have not only affected these economies directly but have...
Persistent link: https://www.econbiz.de/10012477287
This paper illustrates the importance of the fiscal framework for monetary analysis by discussing three separate issues. I begin by examining how the fiscal framework changes the macroeconomic equilibrium associated with different steady state rates of money growth. This includes a summary of...
Persistent link: https://www.econbiz.de/10012478139
This paper is an introductory chapter to a book that brings together 22 of my papers written between 1965 and 1981. The chapter provides a summary of each paper and a more general discussion of the role of taxation in influencing the process of capita1 accumulation. The four sections of the book...
Persistent link: https://www.econbiz.de/10012478234
This paper begins by discussing the inherent conflict between the simultaneous existence of a single currency for the countries of the European Economic and Monetary Union (EMU) and the independent fiscal policies of those countries. The Stability and Growth Pact was an attempt to reconcile that...
Persistent link: https://www.econbiz.de/10012467436
This paper discusses a possible solution to the double problem that faces European governments in dealing with the future of Social Security pensions. Like other governments around the world, they must deal with the rising cost of pensions that will result from the increasing life expectancy of...
Persistent link: https://www.econbiz.de/10012470231
unemployment in the member countries over the longer term. The second part deals more specifically with the current Irish situation …
Persistent link: https://www.econbiz.de/10012470460
raise average cyclical unemployment and would probably raise inflation, perpetuate structural unemployment, and increase the …
Persistent link: https://www.econbiz.de/10012472419