The key policy challenge for many European countries is to create more jobs. The unemployment rate has been notoriously higher in Continental Europe (11 1/2 percent in the Euro area in 1998) than in the United States (4 1/2 percent), but there have also been considerable differences within Continental Europe, where the unemployment rate currently ranges from 5 percent in Portugal to 17 percent in Spain. While many studies have attempted to explain why some countries have had higher unemployment rates than others,2 less attention has been devoted to countries' relative performance in terms of net employment growth. (The terms employment growth and job creation will be used interchangeably).3 This paper provides a systematic and detailed analysis of job creation over the past two decades across the OECD countries, with particular emphasis on the differences within Europe
Bibliography
Includes bibliographical references (pages 39-41)
Notes
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