Do employment and income security cause unemployment: a comparative study of the US and the E-4

Article Abstract:

Europe has suffered from high unemployment levels and many economists argue that the US has lower rates because its labor markets are less regulated. An examination of the economies of Germany, France, the UK and Italy, and a comparison between these economies and the US shows that the evidence is not as clear-cut as is sometimes represented. There are similar unemployment rates for men of prime working age in both the US and these European economies, but employment data for other groups show differences in unemployment rates.

Unemployment, Economic policy, Statistics, United States economic conditions, Western Europe

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Revolution and counter-revolution: two views of unemployment

Article Abstract:

The Keynesian revolution should be assessed bearing in mind that the concept of choice is problematic. The counter-revolution assumes that choices can be made, even when there are severe constraints. These different views of the concept of choice help to explain differences between Keynesian and conventional economics. Keynesians see the unemployed as excluded, while the counter-revolution sees this as an issue of choice, related to how prepared the unemployed are to accept lower wages, an new occupation, or other changes.

Analysis, Free will and determinism, Determinism, Free will, Keynesian economics

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Unemployment, wage bargaining and capital-labour substitution

Article Abstract:

An economic model is used to analyse the equilibrium unemployment rate with respect to capital-Labour substitution. Research featuring economists R. Layard, R. Jackman and S.J. Nickell is integrated into the model.

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