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Unemployment Theories and Unemployment in Europe

Name: Unemployment Theories and Unemployment in Europe
Price: 17.95 EUR
Availability: InStock
Author: Ralph Strubbe
ISBN: 978-3-656-43704-8

Seminar Paper, 2013

7 Pages, Grade: 1,7

Ralph Strubbe (Author)

Abstract or Introduction

Considering the ILO reporting 6.00% unemployment rate for the world in 2012 (ILO Report 2013), it is obvious that unemployment is a commonly observed phenomenon. Chart 1 displays the devel-opment of the unemployment rate for 20 OECD countries2 from 1955 until 2011. The average of all these countries in 2011 was 7.67%; of the EU 15 alone was 8.41%.
In order to explain why unemployment occurs, the first part of this essay will deal with the different general theories of unemployment. Following this, the specific issue of European unemployment will be treated in the second part. This essay will conclude then with the author´s estimation which theory explains European unemployment best.

Details

Title: Unemployment Theories and Unemployment in Europe
College: Heriot-Watt University Edinburgh (School of Management and Languages)
Grade: 1,7
Author: Ralph Strubbe (Author)
Year: 2013
Pages: 7
Catalog Number: V215308
ISBN (eBook): 9783656431510
ISBN (Book): 9783656437048
File size: 536 KB
Language: English
Keywords: unemployment, theories, theory, European unemployment issue, unemployment rate, equilibrium unemployment, disequilibrium unemployment, seasonal, frictional, structural, real wage unemployment, insiders, unionisation, wage bargaining

Quote paper: Ralph Strubbe (Author), 2013, Unemployment Theories and Unemployment in Europe, Munich, GRIN Verlag, https://www.grin.com/document/215308

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