We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …

We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …

In Europe, high and persistent unemployment is usually attributed entirely to "labor market rigidity". The only remedy … unemployment in Europe: over-regulation and weakness of competition in good markets, and an excessively contractionary combination …

Vereinigten Staaten erläutert. Nach Solow ist die Ursache der Arbeitslosigkeit nicht allein die Arbeitsmarktrigidität in Europa … den USA, was Solow durch die geringe Arbeitsplatzschaffung während Zeiten des Aufschwungs erklärt. Der Autor betont, dass …