Evaluating Unemployment Policies: What Do the Underlying Theories Tell Us?

44 Pages Posted: 15 Feb 2006

See all articles by Dennis J. Snower

Dennis J. Snower

University of Kiel - Institute for World Economics (IfW); Institute for the Study of Labor (IZA); Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute)

Date Written: January 1995

Abstract

The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy prescriptions rest on different macroeconomic theories, and our confidence in the prescriptions should depend--at least in part--on the theories` ability to predict some salient stylized facts about unemployment behavior. The paper considers four types of policies: laissez faire, demand-management, supply-side, and structural policies.

JEL Classification: E32, E63, J21, J23, J32, J41, J51, J64, J65, J68

Suggested Citation

Snower, Dennis J., Evaluating Unemployment Policies: What Do the Underlying Theories Tell Us? (January 1995). IMF Working Paper No. 95/7, Available at SSRN: https://ssrn.com/abstract=883157

Dennis J. Snower (Contact Author)

University of Kiel - Institute for World Economics (IfW) ( email )

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