Figure 2.29: Long-Term Unemployment in Spain, Germany, and Denmark (1960-2022)
Figure 2.29 displays unemployment rates for Spain, Germany, and Denmark from 1960 to 2022. A key insight is the persistent, long-term disparity where Spain's unemployment rate is significantly higher than Germany's and Denmark's, a trend that began in the late 1970s. It is important to note that the data for Germany prior to 1990 represents only West Germany, as the country was not unified until then.
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Ch.2 Unemployment, wages, and inequality: Supply-side policies and institutions - The Economy 2.0 Macroeconomics @ CORE Econ
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Figure 2.29: Long-Term Unemployment in Spain, Germany, and Denmark (1960-2022)
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