What Should Be Done About Rising Unemployment in the OECD?

Bell, David N.F.; Blanchflower, David G.

doi:10.2139/ssrn.1489278

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What Should Be Done About Rising Unemployment in the OECD?

IZA Discussion Paper No. 4455

53 Pages Posted: 15 Oct 2009

See all articles by David N.F. Bell

David N.F. Bell

University of Stirling - Department of Economics; IZA Institute of Labor Economics

David G. Blanchflower

Dartmouth College - Department of Economics; National Bureau of Economic Research (NBER); University of Stirling - Department of Economics

Abstract

There is a growing belief that the recession has run its course and that the goods market has started a period of slow, but sustainable, recovery. Improvement in the labor market may take some time, but many believe that unemployment will return to its 2007 level in the medium term. In this paper, we argue that recovery is by no means guaranteed and that the consequences for unemployment may be worse than anticipated.

Keywords: unemployment, youth

JEL Classification: J64

Suggested Citation: Suggested Citation

Bell, David N.F. and Blanchflower, David G., What Should Be Done About Rising Unemployment in the OECD?. IZA Discussion Paper No. 4455, Available at SSRN: https://ssrn.com/abstract=1489278 or http://dx.doi.org/10.2139/ssrn.1489278