Structural Crisis in the Swedish Economy: Role of Labor Markets
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Structural Crisis in the Swedish Economy: Role of Labor Markets

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ISBN-13:
9781462301102
Einband:
EPUB
Seiten:
22
Autor:
Ramana Ramaswamy
eBook Typ:
Adobe Digital Editions
eBook Format:
EPUB
Kopierschutz:
Adobe DRM [Hard-DRM]
Sprache:
Englisch
Beschreibung:

This paper reviews the state of the Swedish economy during the 1990s. Real GDP declined by more than 7 percent between the peaks in the first quarter of 1990 to the first quarter of 1993. Sweden's historic experience of maintaining one of the lowest rates of unemployment among the industrial countries has disappeared during the current recession. The unemployment rate has increased from about 21/2 percent of the labor force in 1990 to almost 13 percent of the labor force in the first quarter of 1993. The paper also analyzes the institutional framework of the Swedish labor market.
This paper reviews the state of the Swedish economy during the 1990s. Real GDP declined by more than 7 percent between the peaks in the first quarter of 1990 to the first quarter of 1993. Sweden's historic experience of maintaining one of the lowest rates of unemployment among the industrial countries has disappeared during the current recession. The unemployment rate has increased from about 21/2 percent of the labor force in 1990 to almost 13 percent of the labor force in the first quarter of 1993. The paper also analyzes the institutional framework of the Swedish labor market.