A Conjecture on the Explanation for High Unemployment in the Industrialized Nations: Part I

@inproceedings{Oswald1996ACO,
  title={A Conjecture on the Explanation for High Unemployment in the Industrialized Nations: Part I},
  author={A. Oswald},
  year={1996}
}
  • A. Oswald
  • Published 1996
  • Economics
  • The paper conjectures that the high unemployment of the Western economies has been produced by the decline of the private house-rental market and the rise of home-ownership. Evidence is provided for the developed nations, the states of the USA, and the regions of the UK, Italy, France and Sweden. Although its calculations should be viewed as tentative, the paper's results imply that a 10 percentage point rise in the owner-occupation rate is associated with an increase of approximately 2… CONTINUE READING

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