What is it about?
This article examines the structural and macroeconomic determinants of unemployment rates in the oil-rich Gulf Cooperation Council countries, distinguished by age and gender. This question has not been examined before in the context of these countries.
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Why is it important?
The determinants of unemployment have not been examined in the context of the GCC countries. It focuses on the influence of long-run economic growth, the degree of labor market flexibility, and the generous social contract on unemployment rates. Our findings show that long-run growth reduces unemployment rates regardless of age and gender, while wage determination flexibility reduces most unemployment rates.
Perspectives
I hope this article provides the reader with interesting analysis of the labor market in the GCC countries how oil revenues, the segmented labor market, and labor market flexibility interact together to influence unemployment rates.
Professor Wasseem Mina
United Arab Emirates University
Read the Original
This page is a summary of: What reduces unemployment rates in the Gulf Cooperation Council countries: growth, flexible labor markets, or social contract?, Applied Economics, October 2023, Taylor & Francis,
DOI: 10.1080/00036846.2023.2266602.
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