search query: @author Zoega, G. / total: 5
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| Author: | Phelps, E. Zoega, G. |
| Title: | Natural-rate theory and OECD unemployment |
| Journal: | Economic Journal
1998 : MAY, VOL. 108:448, p. 782-801 |
| Index terms: | ECONOMICS OECD UNEMPLOYMENT |
| Language: | eng |
| Abstract: | The authors' mission is to examine from the perspective of the intertemporal-equilibrium models of endogenous natural-rate theory the huge swings in unemployment among the OECD countries in recent times. The authors first look at the huge rise in jobless rates between the early 1970s and the early 1990s throughout the OECD. Then they look at the developing recovery of the general unemployment rate, most notably in the United Kingdom and the United States, amid a generally continued elevation of jobless rates among the less educated. |
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