In this paper I argue that most comparisons of the unemployment dynamics in the United States and Europe since the war incorrectly neglect the role of technological catch-up in Europe up to the late 1960s and the contribution of the different growth experiences in the two continents. Growth has a big impact on unemployment in econometric estimation. I use established estimates to calculate the effect of catch-up and growth on unemploymen
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Paper provided by Society for Economic Dynamics in its series 2006 Meeting Papers with number
363.
Length: Date of creation: 03 Dec 2006 Date of revision: Handle: RePEc:red:sed006:363
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