Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76344
Authors: 
Lopez-Garcia, Paloma
Year of Publication: 
2003
Series/Report no.: 
CESifo Working Paper 849
Abstract: 
This paper is intended to make a contribution to the empirical literature explaining the rise of unemployment since the 1970s in western economies by means of interactions between shocks and institutions. The contribution is twofold. First, the impact of a general feature of developed economies that has been surprisingly neglected in the literature is analyzed, namely, the employment shift from industry and agriculture to services. The second contribution of the paper is the focus on the interaction of that shock with the administrative burdens on firm creation. The working hypotheses is that countries that impose high costs on the creation of new companies are not able to create enough jobs in the service sector to successfully absorb the workers released from the agriculture and industry sector. The result is higher unemployment.
Subjects: 
macroeconomics of unemployment
panel data
start-up costs
Document Type: 
Working Paper

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