What should be done about rising unemployment in the OECD? by David N.F. Bell and David G. Blanchflower
Paper prepared as background document for the OECD POLICY FORUM “How can Labour Market and Social Policies best help workers weather the storm of the crisis?”, held on 28 September 2009



  • 0909om_ej_Bell-Blanchflowerpdf
The paper starts by considering the world economic outlook, arguing that it is much more fragile than many commentators believe and that return to previous levels of unemployment is not guaranteed. It then examines the increases in unemployment that have already taken place at a country level, looking at how they relate to other economic indicators of the recession. Next the human and social costs of increased unemployment, especially among the young, are considered while the next to last section discusses some policy issues. In the final section some conclusions are drawn.