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We document the rise in unemployment in South Africa since the transition in 1994. We describe the likely causes of this increase and analyze whether the increase in unemployment is due to structural changes in the economy (resulting in a new equilibrium unemployment rate) or to negative shocks...
Persistent link: https://www.econbiz.de/10012465486
We document the rise in unemployment in South Africa since the transition in 1994. We describe how changes in labour supply interacted with stagnant labour demand to produce unemployment rates that peaked between 2001 and 2003. Meanwhile, compositional changes in employment at the sectoral level...
Persistent link: https://www.econbiz.de/10005203943
Persistent link: https://www.econbiz.de/10007749802
We document the rise in unemployment in South Africa since the transition in 1994. We describe the likely causes of this increase and analyze whether the increase in unemployment is due to structural changes in the economy (resulting in a new equilibrium unemployment rate) or to negative shocks...
Persistent link: https://www.econbiz.de/10005088650
Persistent link: https://www.econbiz.de/10008103210