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The Assessment: Unemployment and Inequality

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  • Glyn, Andrew

Abstract

The rise in unemployment in OECD economies is considered in the context of the changing patterns of labour demand and supply since 1973. The deteriorating position of the least qualified is highlighted with an index which combines both their employment and earnings experience; the importance of including labour market withdrawal as well as registered unemployment is documented. Falling wages for the least qualified was neither a necessary nor sufficient condition for their employment opportunities to be maintained in the 1980s. Explanations for the deterioration in the relative position of the less skilled are reviewed, distinguishing between approaches which see technological and structural changes as responsible and those stressing the differential impact of reduced aggregated demand. Policies to improve employment prospects for the least qualified are discussed with emphasis on their distributional impacts. Copyright 1995 by Oxford University Press.

Suggested Citation

  • Glyn, Andrew, 1995. "The Assessment: Unemployment and Inequality," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 11(1), pages 1-25, Spring.
    • Handle: RePEc:oup:oxford:v:11:y:1995:i:1:p:1-25
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    Cited by:

    1. David Kucera, 1998. "Unemployment and External and Internal Labor Market Flexibility: A Comparative View of Europe, Japan, and the United States," SCEPA working paper series. 1998-21, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    2. David R. Howell & Miriam Rehm, 2009. "Unemployment compensation and high European unemployment: a reassessment with new benefit indicators," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 25(1), pages 60-93, Spring.
    3. Michael Landesmann & Robert Stehrer, 1999. "The European Unemployment Problem: A Structural Approach," wiiw Working Papers 10, The Vienna Institute for International Economic Studies, wiiw.
    4. Steven McIntosh, 2001. "The Demand for Post-Compulsory Education in Four European Countries," Education Economics, Taylor & Francis Journals, vol. 9(1), pages 69-90.
    5. Boyer, Robert & Yamada, Toshio, 2000. "An epochal change... but uncertain futures: The Japanese capitalism in crisis. A "regulationist" interpretation," CEPREMAP Working Papers (Couverture Orange) 0005, CEPREMAP.
    6. Tregenna, F., 2009. "The Relationship Between Unemployment and Earnings Inequality in South Africa," Cambridge Working Papers in Economics 0907, Faculty of Economics, University of Cambridge.
    7. Boyer, Robert, 1996. "Seven paradoxes of capitalism...or is a theory of modern economies still possible ?," CEPREMAP Working Papers (Couverture Orange) 9620, CEPREMAP.
    8. Schettkat, Ronald, 2003. "Koordination von Lohnverhandlungen (Coordination of wage bargaining)," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 36(4), pages 634-648.
    9. Schettkat, Ronald, 2002. "Institutions in the economic fitness landscape: What impact do welfare state institutions have on economic performance?," Discussion Papers, Research Unit: Labor Market Policy and Employment FS I 02-210, WZB Berlin Social Science Center.
    10. Robert Pollin, 2002. "Globalization and the Transition to Egalitarian Development," Working Papers wp42, Political Economy Research Institute, University of Massachusetts at Amherst.
    11. Baxandall, Phineas, 2002. "Explaining differences in the political meaning of unemployment across time and space," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 31(5), pages 469-502.
    12. Schettkat, Ronald, 2003. "Koordination von Lohnverhandlungen (Coordination of wage bargaining)," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 36(4), pages 634-648.

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