Abstract
Rising unemployment has become one of the most challenging problems for economic policy in many developed economies over the last fifteen years. In the second half of the 1970s and during the first half of the 1980s the labour market situation worsened dramatically. For the OECD area as a whole, unemployment as a percentage of the civilian labour force went up from 3.3 percent in 1974 to 8.1 percent in 1985. The increase in unemployment rates was even more pronounced for OECD-Europe, where it climbed from 3.3 percent to 10.5 percent in this period.
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© 1992 Springer-Verlag Berlin Heidelberg
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Christl, J. (1992). Introduction. In: The Unemployment/Vacancy Curve. Studies in Empirical Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-50304-7_1
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DOI: https://doi.org/10.1007/978-3-642-50304-7_1
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-642-50306-1
Online ISBN: 978-3-642-50304-7
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