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This book, edited by S.G.B. Henry and Dennis J. Snower, examines the high unemployment that has plagued five European countries- France, Germany, Italy, Spain, and the United Kingdom- for more than a decade. Its methodology focuses on the mechanisms that prevent employers and employees from adjusting promptly to changing market opportunities. Chief among these mechanisms are outdated economic structures, the power of labor unions, rising nonwage labor costs, and the disparity between unemployed workers and available jobs. Although cross-country differences indicate that there is no common cause for joblessness in Europe, the book discusses a unique characteristic of the European labor market- that unemployment not only rises during recessions, but does not fall when economic weaknesses are overcome.

Macroeconomics --- Europe --- 338.24 <4> --- 331.57 <4> --- Labor market --- -Labor policy --- -Unemployment --- -EEC / European Union - EU -Europese Unie - Union Européenne - UE --- DE / Germany - Duitsland - Allemagne --- ES / Spain - Spanje - Espagne --- FR / France - Frankrijk --- GB / United Kingdom - Verenigd Koninkrijk - Royaume Uni --- IT / Italy - Italië - Italie --- 334.151.1 --- 332.630 --- 334.151.54 --- 332.620 --- 336.748.8 IMF --- 331.6.001 --- Joblessness --- Employment (Economic theory) --- Full employment policies --- Labor supply --- Manpower policy --- Right to labor --- Underemployment --- Labor --- State and labor --- Economic policy --- Employees --- Market, Labor --- Supply and demand for labor --- Markets --- Instrumenten van de economische politiek. Economische orde. Economisch politieke maatregelen. Stabilisering. Stimuleringsmaatregelen. Regulering. Financiele steunmaatregelen--Europa --- Werkloosheidsbestrijding. Werkgelegenheidssubsidies--Europa --- EG : economisch en monetair beleid. --- Strijd tegen de werkloosheid: algemeen. Theorie en beleid van de werkgelegenheid. Volledige werkgelegenheid. --- Werkgelegenheid en werkloosheid in de Europese Gemeenschappen. --- Werkloosheid: algemeenheden. Philipscurve. --- Internationaal Monetair Fonds - IMF --- arbeidsmarktbeleid - arbeidsmarktbeheersing --- Government policy --- Supply and demand --- Labor policy --- Unemployment --- Chômage --- Travail --- Marché du travail --- Politique gouvernementale --- 331.57 <4> Werkloosheidsbestrijding. Werkgelegenheidssubsidies--Europa --- 338.24 <4> Instrumenten van de economische politiek. Economische orde. Economisch politieke maatregelen. Stabilisering. Stimuleringsmaatregelen. Regulering. Financiele steunmaatregelen--Europa --- Chômage --- Marché du travail --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- Werkloosheid: algemeenheden. Philipscurve --- Strijd tegen de werkloosheid: algemeen. Theorie en beleid van de werkgelegenheid. Volledige werkgelegenheid --- EG : economisch en monetair beleid --- Werkgelegenheid en werkloosheid in de Europese Gemeenschappen --- Aggregate Human Capital --- Aggregate Labor Productivity --- Demand and Supply of Labor: General --- Economic theory --- Employment --- Income economics --- Intergenerational Income Distribution --- Labor Force and Employment, Size, and Structure --- Labor force --- Labor markets --- Labour --- Minimum wage --- Real wages --- Unemployment: Models, Duration, Incidence, and Job Search --- Wages --- Wages, Compensation, and Labor Costs: General --- United Kingdom