Unemployment in the OECD Since the 1960s. What Do We Know?

27 Pages Posted: 28 Dec 2004

See all articles by Stephen John Nickell

Stephen John Nickell

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP); Centre for Economic Policy Research (CEPR)

L. Nunziata

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

Wolfgang Ochel

University of Munich - Ifo Institute for Economic Research; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Abstract

This paper presents an empirical analysis of unemployment patterns in the OECD countries from the 1960s to the 1990s. Our results indicate the following. First, broad movements in unemployment across the OECD can be explained by shifts in labour market institutions. Second, interactions between average values of these institutions and shocks make no significant additional contribution to our understanding of OECD unemployment changes.

Suggested Citation

Nickell, Stephen John and Nunziata, Luca and Ochel, Wolfgang, Unemployment in the OECD Since the 1960s. What Do We Know?. Economic Journal, Vol. 115, No. 500, pp. 1-27, January 2005. Available at SSRN: https://ssrn.com/abstract=639742

Stephen John Nickell (Contact Author)

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) ( email )

Houghton Street
London WC2A 2AE
England
+44 20 7955 7497 (Phone)
+44 20 7831 1840 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Luca Nunziata

University of Padua - Department of Economics ( email )

via Del Santo 33
Padova, 35123
Italy

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Wolfgang Ochel

University of Munich - Ifo Institute for Economic Research ( email )

Geschwister-Scholl-Platz 1
Munich, Bavaria 80539
Germany

CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

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