Why has unemployment in the Netherlands and the United Kingdom fallen so much?

Citation
S. Nickell et J. Van Ours, Why has unemployment in the Netherlands and the United Kingdom fallen so much?, CAN PUBL P, 26, 2000, pp. S201-S220
Citations number
19
Categorie Soggetti
Politucal Science & public Administration
Journal title
CANADIAN PUBLIC POLICY-ANALYSE DE POLITIQUES
ISSN journal
03170861 → ACNP
Volume
26
Year of publication
2000
Supplement
S
Pages
S201 - S220
Database
ISI
SICI code
0317-0861(200007)26:<S201:WHUITN>2.0.ZU;2-P
Abstract
The Netherlands and the United Kingdom have experienced a major decline in unemployment rates since the early 1980s. Over the same period, there was a lso a strong decline in non-employment rates. Since in most other countries of the European Union such declines did not occur there is something of an unemployment miracle in both countries. Combinations of supply-oriented po licies causing a significant reduction of equilibrium unemployment rates in both countries are responsible for this.