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

Author/Editor:

Dennis J. Snower

Publication Date:

January 1, 1995

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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 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.

Series:

Working Paper No. 1995/007

Subject:

Employment Labor Labor costs Unemployment Wages

English

Publication Date:

January 1, 1995

ISBN/ISSN:

9781451842388/1018-5941

Stock No:

WPIEA0071995

Pages:

44

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