The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Unemployment and Hours of Work, Cross Country Differences

  • Richard Rogerson
Reference work entry


Since the 1960s labour market outcomes among the world’s richest economies have changed dramatically, especially in terms of unemployment rates and time devoted to market work. This article summarizes the evidence regarding these changes and discusses some of the explanations that have been proposed for why these labour market outcomes have evolved so differently across economies.


Barriers to entry Common shock Cross-country differences in unemployment and hours worked Employment protection Home production Hours worked Income support Labour market regulation Layoffs Leisure Neoclassical growth theory Product market regulation Productivity growth Skill-biased technical change Technical change Time use Unemployment Unemployment insurance Wage dispersion Wage rigidity Wage setting institutions 

JEL Classifications

D4 D10 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Richard Rogerson
    • 1
  1. 1.