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This book, prepared under the auspices of the European Unemployment Program, uses a compact econometric model to identify the sources of the unemployment problem and to suggest remedies.Since 1974 Europe has been burdened with steadily persistent and increasing unemployment. This book, prepared under the auspices of the European Unemployment Program, uses a compact econometric model to identify the sources of the unemployment problem and to suggest remedies. Focusing on ten European countries, with a chapter on the United States for comparative perspective, the studies are unique in adopting a single theoretical model to guide empirical research. The common framework allows for sharply focused investigation and produces findings whose significance does not end at national boundaries. The in-depth country studies are preceded by an overview that includes a detailed description of the theoretical model, a summary of findings, and policy recommendations and a chapter by Olivier Blanchard that discusses different approaches to the analysis of the unemployment problem and relates this work to earlier efforts.ContributorsTorbert M. Anderson, Javier Andrés, Charles R. Bean, Olivier Jean Blanchard, Michael C. Burda, Jean J. Dolado, Jacques H. Drèze, Wim Driehuis, H. Entorf, Wolfgang Franz, Frédéric Gagey, Andrea Gavosto, Heinz König, Jean-Paul Lambert, Fati Mehra, Cesar Molinas, Peter Neudorfer, Benoit Ottenwaelter, Per B. Overgaard, Karl Pichelmann, Miguel Sebastian, Henri R. Snessens, Werner Smolny, Fiorella Padoa Schioppa, Michael Wagner, Antonio Zabalza. The Countries: Austria, Belgium, Denmark, France, Germany, Italy, The Netherlands, Spain, The United Kingdom, The United States
The author considers the evolution of the rate of unemployment. Stockhammer provides a framework that compares the features and implications of the New Keynesian NAIRU model with those of the closely related post Keynesian theory of conflict inflation.
The recent euro crisis and the dramatic increase of unemployment in some euro countries have triggered a renewed interest in a fiscal capacity for the European Union to stabilize the economy of its member states. One of the proposed instruments is a common European unemployment insurance. In this book Sebastian Dullien from the HTW Berlin provides and evaluates a blueprint for such a scheme. Building on lessons from the unemployment insurance in the United States of America, he outlines how a European unemployment benefit scheme could be constructed to provide significant stabilization to national business cycles, yet without strongly extending social protection in Europe. Macroeconomic stabilization effects and payment flows between countries are simulated and options, potential pitfalls and existing concerns discussed.
Young People and Long-Term Unemployment examines the consequences of long-term unemployment for the personal, social, and political lives of young adults aged 18–34 across four European cities: Cologne (Germany), Geneva (Switzerland), Lyon (France), and Turin (Italy). Adopting a multidimensional theoretical framework aiming to bring together insights based on the contextual (macro), organizational (meso), and individual (micro) levels, and combining quantitative and qualitative data and analyses, it reaches a number of important conclusions. First, our study shows that the experience of long-term unemployment has a negative impact on different dimensions of young people’s lives. When compared to employed youth, unemployed youth are less satisfied with their lives, more isolated, and less independent financially. Second, however, there are important variations across the four cities. This means that, in spite of widespread retrenchments, in some places the welfare state still acts as a buffer against unemployment. Third, although young unemployed people participate in politics equally if not slightly more than employed youth, the young unemployed are often disconnected from politics. This is so even when they have important grievances to express in the face of high youth unemployment, precarious working conditions, and grim future perspectives on the labor market. This book will be useful for scholars interested in unemployment politics and youth politics, researchers and teachers in political science, sociology, and social psychology.
Examines the main factors influencing unemployment at both an aggregate level and at an individual level and assesses the role of policies to bring unemployment down.
This book presents selected papers from the 31st Eurasia Business and Economics Society (EBES) Conference, which took place as a virtual conference due to the global COVID-19 health crisis. The theoretical and empirical papers gathered here cover diverse areas of business, economics and finance in various geographic regions, including not only topics from HR, management, finance, marketing but also contributions on public economics, political economy and regional studies.
Within the framework of the new European economic governance, neoliberal views on wages have further increased in prominence and have steered various reforms of collective bargaining rules and practices. As the crisis in Europe came to be largely interpreted as a crisis of competitiveness, wages were seen as the core adjustment variable for ‘internal devaluation’, the claim being that competitiveness could be restored through a reduction of labour costs. This book proposes an alternative view according to which wage developments need to be strengthened through a Europe-wide coordinated reconstruction of collective bargaining as a precondition for more sustainable and more inclusive growth in Europe. It contains major research findings from the CAWIE2 – Collectively Agreed Wages in Europe – project, conducted in 2014–2015 for the purpose of discussing and debating the currently dominant policy perspectives on collectively-bargained wage systems under the new European economic governance.