1993 CU 000014 DRE eur

PublicationResource Notes

Europe’s Unemployment Problem / El problema del desempleo en Europa

Jacques Drèze

Social Sciences > Public Policy

In the Europe that we live in, millions of people lack the opportunity to build their lives on the solid basis of having a job. Professor Drèzde explains the development and conclusions of the European Unemployment Program, carried out by twenty-five researchers, including himself, from ten different countries. Among other matters, the study suggests that there are two explanations for the difference between the “job creation miracle” in the United States and persistent unemployment in Europe. They point to the differences in incorporating real wages to increases in productivity and the proportion of companies in which production and employment are determined by demand.