Long-term unemployment in the varieties of capitalism

MPRA Paper from University Library of Munich, Germany

Abstract: This paper considers how the different varieties of capitalism affect the rate of long-term unemployment. The liberal market variety, where employment protection is the lowest, presents lower rates of long-term unemployment than the continental European, or the Mediterranean varieties. In the latter both employment protection and long-term unemployment are the highest and labour market participation the lowest. But the social-democratic Scandinavian variety gets the best of both worlds: low rates of long-term unemployment, high rates of labour participation, lower degree of inequality, together with relatively high levels of employment protection. Low rates of long-term unemployment and high levels of labour participation are also produced by the far-Eastern Asian variety, but at the cost of a markedly dualistic labour market structure.

Keywords: Long-term unemployment; varieties of capitalism; economic fallacies (search for similar items in EconPapers)
JEL-codes: J60 P1 (search for similar items in EconPapers)
Date: 2013-03-05
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Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/44752/1/MPRA_paper_44752.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/47786/1/MPRA_paper_47786.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/56680/1/MPRA_paper_56680.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/58553/1/MPRA_paper_58553.pdf revised version (application/pdf)

Related works:
Journal Article: Long-Term Unemployment in the Varieties of Capitalism (2014)
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