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Intereconomics

, Volume 29, Issue 3, pp 122–130 | Cite as

The end of full employment? On economic development in industrialized countries

  • Eileen Appelbaum
  • Ronald Schettkat
Unemployment

Abstract

In view of high and rising jobless rates in the industrialized countries the solution of the unemployment problem becomes a cardinal question for politicians and economists. What factors have determined the unemployment trend since the 1960s and what conclusions can be drawn for employment policy?

Keywords

Productivity Growth Real Wage Employment Growth Wage Differential Full Employment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. 1.
    OECD: Main Economic Indicators, December 1993.Google Scholar
  2. 2.
    For a more comprehensive description see E. Appelbaum, R. Schettkat: Employment Developments in industrialized Economies: Explaining Common and Diverging Trends, Discussion Paper FS 1 93-313, Wissenschaftszentrum Berlin für Sozialforschung 1993.Google Scholar
  3. 6.
    F. W. Scharpf: Structures of Post-Industrial Society-or-Does Mass Unemployment Disappear in the Service and Information Economy?, in: E. Appelbaum, R. Schettkat (eds.): Labor Market Adjustment to Structural Change and Technological Progress, New York, Westport, London 1990, pp. 17–35.Google Scholar
  4. 7.
    L. A. Bell, R. B. Freeman: Does a Flexible Wage Structure Increase Employment?: The U. S. Experience, NBER Working Paper No. 1604, Cambridge, MA, National Bureau of Economic Research, 1985.Google Scholar
  5. 8.
    R. B. Freeman, R. Gibbons: Getting Together and Breaking Apart: the decline of centralised collective bargaining. With special reference to Sweden. Paper presented at the conference on Labor Contracts and Mobility, European University Institute, Florence 1993; R. Ramaswamy, R. Rowthorne: Centralized Bargaining, Efficiency Wages, and Flexibility, IMF Working Paper, WP/93/25, 1993.Google Scholar

Copyright information

© HWWA and Springer-Verlag 1994

Authors and Affiliations

  • Eileen Appelbaum
    • 1
  • Ronald Schettkat
    • 2
  1. 1.Economic Policy InstituteWashington, DCUSA
  2. 2.Wissenschaftszentrum BerlinGermany

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