- Additional Authors
- Rusticelli, Elena.
- Description
- 26 p.; 21 x 29.7cm.
- Summary
- The global recession is likely to results in higher structural unemployment for some time in many OECD countries. This paper assesses how the shock to aggregate unemployment as a result of the economic crisis may be transmitted to structural unemployment through hysteresis effects that occur through the rise in long-term unemployment. The estimated increase in structural unemployment due to the crisis is estimated at ¾ percentage point in the OECD as a whole, but the paper highlights wide cross-country differences with the largest increases expected in those European countries where unemployment is increasing most and where institutional settings remain less favorable than elsewhere, notably Spain and Ireland.
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.767
- Uniform Title
- OECD Economics Department Working Papers, no.767.
- Subject
- Economics
- LCCN
- 10.1787/5kmftp8khfjg-en
- OCLC
- oecd-lib
- Author
Guichard, Stéphanie.
- Title
Assessing the Impact of the Financial Crisis on Structural Unemployment in OECD Countries [electronic resource] / Stéphanie Guichard and Elena Rusticelli
- Imprint
Paris : OECD Publishing, 2010.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.767
OECD Economics Department Working Papers, 1815-1973 ; no.767.
- Connect to:
- Indexed Term
Economics
- Added Author
Rusticelli, Elena.
- Other Standard Identifier
10.1787/5kmftp8khfjg-en doi