search query: @author Pressman, S. / total: 9
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| Author: | Pressman, S. Seccareccia, M. Lavoie, M. |
| Title: | High unemployment in developed economies |
| Journal: | Review of Political Economy
1995 : APR, VOL. 7:2, p. 125-132 |
| Index terms: | UNEMPLOYMENT DEVELOPED ECONOMIES DEVELOPED ECONOMIES |
| Language: | eng |
| Abstract: | Unemployment trends over the last half of the twentieth century reveal a distinct and distressing pattern. For every developed country, the rate of unemployment has been rising sharply and remains stuck at very high levels. Table 1 shows this pattern for seven major developed industrial nations. Compared with the late 1950s, the 1960s and the early 1970s, unemployment rates have skyrocketed as of late. They now range from just slightly higher than the earlier period (US) to nearly five times as great as that earlier period (France, Germany, United Kingdom). Just as disturbing as these inordinate increases in unemployment is the fact that economists are at a loss to explain what has been going on. |
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