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Why has unemployment in the Netherlands and the United Kingdom fallen so much?

By Stephen Nickell and Jan van Ours

Abstract

The Netherlands and the United Kingdom have experienced a major decline in unemployment rates since the early 1980s. Over the same period, there was also a strong decline in non-employment rates. Since in most other countries of the European Union such declines did not occur there is something of an unemployment miracle in both countries. Combinations of supply-oriented policies causing a significant reduction of equilibrium unemployment rates in both countries are responsible for this

Topics: HC Economic History and Conditions
Publisher: University of Toronto Press, on behalf of Canadian Public Policy
Year: 2000
OAI identifier: oai:eprints.lse.ac.uk:18881
Provided by: LSE Research Online
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