Why has unemployment in the Netherlands and the United Kingdom fallen so much?

Nickell, Stephen; and van Ours, Jan (2000) Why has unemployment in the Netherlands and the United Kingdom fallen so much? Canadian Public Policy, 26 (Supple). pp. 201-220. ISSN 0317-0861
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The Netherlands and the United Kingdom have experienced a major decline in unemployment rates since the early 1980s. Over the same period, there was also a strong decline in non-employment rates. Since in most other countries of the European Union such declines did not occur there is something of an unemployment miracle in both countries. Combinations of supply-oriented policies causing a significant reduction of equilibrium unemployment rates in both countries are responsible for this.

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