European social models from crisis to crisis : employment and inequality in the era of monetary integration

Resource Information

The work European social models from crisis to crisis : employment and inequality in the era of monetary integration represents a distinct intellectual or artistic creation found in European University Institute Library. This resource is a combination of several types including: Work, Language Material, Books.

Label

European social models from crisis to crisis : employment and inequality in the era of monetary integration

Title remainder

employment and inequality in the era of monetary integration

Statement of responsibility

edited by Jon Erik Dølvik, Andrew Martin

Creator

• Dølvik, Jon Erik

Contributor

• Martin, Andrew, 1929-

Editor

• Dølvik, Jon Erik
• Martin, Andrew, 1929-

Subject

• Europe -- Social conditions -- 21st century
• European Union countries -- Economic policy -- 21st century
• European Union countries -- Social policy -- 21st century
• Social legislation -- European Union countries
• Europe -- Politics and government -- 21st century

Language

eng

Summary

This book analyzes the interaction of European social models - the institutions structuring labor markets' supply side - and their turbulent macroeconomic environment from the deep Europe-wide recession, ending Germany's post-unification boom, through monetary union's establishment, to the Great Recession following the recent financial crisis. The analysis reaches two conclusions challenging the dominant view that the social models caused unemployment by impairing labor markets' efficiency in the name of equity. First, the social models' employment and distributive effects are far outweighed by their macroeconomic environment, especially in the Eurozone, where its truncated structure of economic governance transformed the Great Recession into a sovereign debt crisis. Second, instead of a trade-off between efficiency and equity, the employment effects of counteracting markets' tendency to generate inequality depends on the macroeconomic conditions under which it occurs and how it is done.--

Assigning source

Provided by Publisher

Cataloging source

UKMGB

Dewey number

• 331.12094
• 306.3094

Illustrations

illustrations

Index

index present

Literary form

non fiction

Nature of contents

bibliography