Abstract
Since the 1960s labour market outcomes among the world’s richest economies have changed dramatically, especially in terms of unemployment rates and time devoted to market work. This article summarizes the evidence regarding these changes and discusses some of the explanations that have been proposed for why these labour market outcomes have evolved so differently across economies.
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume
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Rogerson, R. (2008). Unemployment and Hours of Work, Cross Country Differences. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_2240-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_2240-1
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