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Unemployment and Labour Force Participation: Trends and Cycles

Author

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  • Jørgen Elmeskov
  • Karl Pichelmann

Abstract

This paper deals with trends and cycles of unemployment and labour-force participation. Empirical evidence on both trends and cyclical movements in unemployment and participation is presented. Some of the mechanisms behind the observed developments are also analysed, examining how well they fit into different theoretical frameworks. The implications for the assessment of labour market slack of the observed interplay between unemployment and participation are discussed. The paper ends by presenting some unexplained puzzles concerning the interplay between trends and cycles of unemployment and participation ... Cette tude est consacre l'analyse de l'volution du chmage et des taux d'activit, distinguant entre variations conjoncturelles et volution tendancielle. Des donnes empiriques sur ces deux types de variations y sont prsentes. Certains des mcanismes sous-jacents aux volutions constates sont aussi analyss, ainsi que la manire dont ils peuvent s'inscrire dans diffrents cadres thoriques. L'tude examine comment les intractions observes entre chmage et taux d'activit permettent d'interprter le sous-emploi des ressources sur le march du travail. Certains aspects difficiles comprendre en ce qui concerne les interactions entre volution conjoncturelle et tendancielle du chmage et des taux d'activit sont mentionns la fin de l'tude ...

Suggested Citation

  • Jørgen Elmeskov & Karl Pichelmann, 1993. "Unemployment and Labour Force Participation: Trends and Cycles," OECD Economics Department Working Papers 130, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:130-en
    DOI: 10.1787/066012764781
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    1. repec:hal:wpspec:info:hdl:2441/2245 is not listed on IDEAS
    2. Katarzyna Budnik & Michal Greszta & Michal Hulej & Marcin Kolasa & Karol Murawski & Michal Rot & Bartosz Rybaczyk & Magdalena Tarnicka, 2009. "The new macroeconometric model of the Polish economy," NBP Working Papers 62, Narodowy Bank Polski.
    3. Valérie Chauvin & Mathieu Plane, 2001. "2000-2040 : population active et croissance," Revue de l'OFCE, Presses de Sciences-Po, vol. 79(4), pages 235-259.
    4. repec:spo:wpecon:info:hdl:2441/2245 is not listed on IDEAS
    5. Furceri, Davide & Mourougane, Annabelle, 2012. "The effect of financial crises on potential output: New empirical evidence from OECD countries," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 822-832.
    6. Nemore, Francesco, 2018. "Unemployment and Labour Force Participation in Italy," MPRA Paper 85067, University Library of Munich, Germany.
    7. Jim Stanford, 2000. "Canadian Labour Market Developments in International Context: Flexibility, Regulation and Demand," Canadian Public Policy, University of Toronto Press, vol. 26(s1), pages 27-58, July.
    8. Tyrväinen, Timo, 1995. "Wage determination in the long run, real wage resistance and unemployment : Multivariate analysis of cointegrating relations in 10 OECD economies," Research Discussion Papers 12/1995, Bank of Finland.
    9. repec:zbw:bofrdp:1995_012 is not listed on IDEAS
    10. Élisabeth Algava & Mathieu Plane, 2001. "Vieillissement et protection sociale. Comparaison de six pays de l'Union Européenne," Revue de l'OFCE, Presses de Sciences-Po, vol. 79(4), pages 261-314.
    11. Braconier, Henrik & Holden, Steinar, 1999. "The Public Budget Balance - Fiscal Indicators and Cyclical Sensitivity in the Nordic Countries," Working Papers 67, National Institute of Economic Research.
    12. Dobrescu, Emilian, 2006. "Double-Conditioned Potential Output," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 3(1), pages 32-50, March.
    13. Davide Furceri & Annabelle Mourougane, 2010. "Une lecture de la crise à la lumière des crises passées," Économie et Statistique, Programme National Persée, vol. 438(1), pages 19-42.
    14. repec:hal:wpspec:info:hdl:2441/2246 is not listed on IDEAS
    15. Tyrväinen, Timo, 1995. "Wage determination in the long run, real wage resistance and unemployment: Multivariate analysis of cointegrating relations in 10 OECD economies," Bank of Finland Research Discussion Papers 12/1995, Bank of Finland.
    16. Jørgen Elmeskov, 1993. "High and Persistent Unemployment: Assessment of the Problem and Its Causes," OECD Economics Department Working Papers 132, OECD Publishing.
    17. Romain Duval & Mehmet Eris & Davide Furceri, 2011. "The Effects of Downturns on Labour Force Participation: Evidence and Causes," OECD Economics Department Working Papers 875, OECD Publishing.
    18. repec:spo:wpecon:info:hdl:2441/2246 is not listed on IDEAS

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