Chapter

The Threat of Unemployment

Johannes Lindvall

in Mass Unemployment and the State

Published in print December 2010 | ISBN: 9780199590643
Published online January 2011 | e-ISBN: 9780191723407 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199590643.003.0002
The Threat of Unemployment

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This chapter describes how governments in Austria, Denmark, the Netherlands and Sweden responded to the threat of unemployment from the first oil crisis in 1973 until they gave priority to objectives other than full employment in the 1970s (Denmark and the Netherlands), 1980s (Austria), or early 1990s (Sweden). Domestic political circumstances mattered greatly to the policy choices governments made. The Danish and the Dutch political systems were already in a state of transition by the early 1970s: new parties had emerged, the relationship between unions and employer organizations had become strained, and the ideological consensus of the 1950s and 1960s had come to an end. The Austrian and Swedish political models, on the other hand, were still intact. The chapter also considers the role of economic circumstances, central banks, wage bargaining institutions.

Keywords: oil crisis; macroeconomic policy; Denmark; the Netherlands

Chapter.  21841 words.  Illustrated.

Subjects: Comparative Politics

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