Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries:
The global recession is likely to results in higher structural unemployment for some time in many OECD countries. This paper assesses how the shock to aggregate unemployment as a result of the economic crisis may be transmitted to structural unemployment through hysteresis effects that occur through...
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| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Paris
OECD Publishing
2010
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagwörter: | |
| Links: | https://doi.org/10.1787/5kmftp8khfjg-en |
| Zusammenfassung: | The global recession is likely to results in higher structural unemployment for some time in many OECD countries. This paper assesses how the shock to aggregate unemployment as a result of the economic crisis may be transmitted to structural unemployment through hysteresis effects that occur through the rise in long-term unemployment. The estimated increase in structural unemployment due to the crisis is estimated at ¾ percentage point in the OECD as a whole, but the paper highlights wide cross-country differences with the largest increases expected in those European countries where unemployment is increasing most and where institutional settings remain less favorable than elsewhere, notably Spain and Ireland |
| Umfang: | 1 Online-Ressource (25 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5kmftp8khfjg-en |
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| spellingShingle | Guichard, Stéphanie Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries Economics |
| title | Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries |
| title_alt | Évaluation de l'impact de la crise financière sur le chômage structurel dans les pays de l'OCDE |
| title_auth | Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries |
| title_exact_search | Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries |
| title_full | Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries Stéphanie Guichard and Elena Rusticelli = Évaluation de l'impact de la crise financière sur le chômage structurel dans les pays de l'OCDE / Stéphanie Guichard et Elena Rusticelli |
| title_fullStr | Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries Stéphanie Guichard and Elena Rusticelli = Évaluation de l'impact de la crise financière sur le chômage structurel dans les pays de l'OCDE / Stéphanie Guichard et Elena Rusticelli |
| title_full_unstemmed | Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries Stéphanie Guichard and Elena Rusticelli = Évaluation de l'impact de la crise financière sur le chômage structurel dans les pays de l'OCDE / Stéphanie Guichard et Elena Rusticelli |
| title_short | Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries |
| title_sort | assessing the impact of the financial crisis on structural unemployment in oecd countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/5kmftp8khfjg-en |
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