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An introduction to the european unemployment problem: Past trajectory, present dilemmas and future policies

Author

Listed:
  • Campos, Nauro F.
  • Eichenauer, Vera Z.
  • Sturm, Jan-Egbert

Abstract

Since 1980, the unemployment rate in Europe has consistently exceeded that in the United States. A large body of economic literature has attempted to explain the causes of this phenomenon. The aim of this paper is to provide an introductory overview of the subject, including a review of existing explanations, the establishment of a set of stylised facts and the introduction of a selection of recent contributions to the ongoing debate.

Suggested Citation

  • Campos, Nauro F. & Eichenauer, Vera Z. & Sturm, Jan-Egbert, 2025. "An introduction to the european unemployment problem: Past trajectory, present dilemmas and future policies," European Economic Review, Elsevier, vol. 172(C).
    • Handle: RePEc:eee:eecrev:v:172:y:2025:i:c:s0014292124002575
    DOI: 10.1016/j.euroecorev.2024.104928
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    More about this item

    Keywords

    Unemployment; Labour market institutions; Shocks; Worker heterogeneity; Gender; Youth unemployment;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J48 - Labor and Demographic Economics - - Particular Labor Markets - - - Particular Labor Markets; Public Policy
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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