Unemployment: Getting the Questions Right - and some of the answers / Olivier Jean Blanchard.

Format:

Book

Author/Creator:

Blanchard, Olivier Jean.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w2698.

NBER working paper series no. w2698

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Unemployment

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1988.

Summary:

This paper analyzes the issue of persistent high unemployment. It focuses on two channels of persistence. The first is capital accumulation. The paper analyzes investment decisions under imperfect competition, focusing in particular on the effects of demand and cost shocks on investment, capital composition and bankruptcies, and their effect on employment and unemployment. The second is labor supply. The paper analyzes the various channels through which the unemployed may become disenfranchised, leading to higher equilibrium unemployment. In both cases, it briefly reviews and assesses the available empirical evidence. It ends by drawing several implications.

Notes:

Print version record

September 1988.