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Mass Unemployment and the State$
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Johannes Lindvall

Print publication date: 2010

Print ISBN-13: 9780199590643

Published to Oxford Scholarship Online: January 2011

DOI: 10.1093/acprof:oso/9780199590643.001.0001

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The Threat of Unemployment

The Threat of Unemployment

Chapter:
(p.39) 2 The Threat of Unemployment
Source:
Mass Unemployment and the State
Author(s):

Johannes Lindvall

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199590643.003.0002

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

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