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-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged … permanent shocks (especially the rise in working-age population and the decline in capital formation), whereas the unemployment …This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which …
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Argues that employment remains depressed in the majority of Eurozone countries and that a further 4.5 million jobs may be lost. Suggests that addressing the jobs crisis in the Eurozone requires, first, repairing the financial system urgently.
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mangelnde Fähigkeit Europas bedingt, zusätzliche Arbeitsplätze zu schaffen. Die in Europa raschere Substitution von Arbeit durch … Kapital läßt sich zum einen mit der stärkeren relativen Verteuerung des Faktors Arbeit erklären. Zum anderen hat sich hier …
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