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Labor Markets and Social Security: Issues and Policy Options in the U.S. and Europe - Hardcover

 
9783540440048: Labor Markets and Social Security: Issues and Policy Options in the U.S. and Europe
Hardcover
ISBN 10: 3540440046 ISBN 13: 9783540440048
Verlag: Springer, 2003

Inhaltsangabe

John T. Addison and Paul J. J. Welfens Because inflation seems moribund in OECD countries, stubborn unemployment became the top policy priority of the 1990s. Unemployment has increased in many countries, reaching critical levels for unskilled and young workers in most continental EU countries. Europe's employment performance has continued to lag that in North America. The U. S. in particular achieved a remarkable combination of low inflation and full employment in the late 1990s, at a time when the EU suf­ fered from record unemployment rates, even if inflation was remarkably low. Since the 1980s, the consensus view among economists is that structural unem­ ployment plays a much more important role than cyc1ical unemployment in Europe, but that labour costs (wage costs plus nonwage costs) are also part of Europe's labour market problem. Most EU countries rely on a pay-as-you-go pub­ lic pension system. Contribution rates gradually increased in the 1980s and 1990s, when the share of young workers in overall employment was dec1ining and life expectancy increasing. Rising nonwage costs from the pension system are but one important feature of labour markets in Europe. Given the remarkable dynamics of labour markets, new entry into the labour force, labour turnover, and changes in employment characteristics, one has to also search for other factors behind sus­ tained unemployment. High unemployment is critical for EU countries, where one can point to rela­ tively few positive developments after 1975. The U. K.

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Über die Autorinnen und Autoren

Prof. Dr. Paul J.J. Welfens ist Präsident des Europäischen Instituts für Internationale Wirtschaftsbeziehungen (EIIW)/Universität Wuppertal, dort zudem Inhaber des Jean Monnet-Lehrstuhls für Europäische Wirtschaftsintegration und des Lehrstuhls Makroökonomik. Außerdem ist er Vorsitzender des Instituts des Bundesverbands Deutscher Volks- und Betriebswirte, Düsseldorf, Non-resident Senior Research Fellow am AICGS/Johns Hopkins University, Washington DC sowie IZA Research Fellow, Bonn; 2007/08 war er Alfred Grosser Professor am Sciences Po, Paris.

Paul J. J. Welfens, geb. 1957 in Düren, Studium der Volkswirtschaftslehre in Wuppertal, Duisburg und Paris, Promotion 1985, Habilitation1989. Inhaber des Lehrstuhls für Volkswirtschaftslehre - Schwerpunkt Makroökonomische Theorie und Politik an der Bergischen Universität Wuppertal; Präsident des Europäischen Instituts für Internationale Wirtschaftsbeziehungen (EIIW); Jean-Monnet-Professor für Europäische Wirtschaftsintegration; zuvor Distinguished Research Fellow am AICGS/The Johns Hopkins University, Professor an der Universität Münster bzw. Potsdam, Visiting Alfred Grosser Professor Sciences Po, Paris.

Von der hinteren Coverseite

John T. Addison and Paul J. J. Welfens Because inflation seems moribund in OECD countries, stubborn unemployment became the top policy priority of the 1990s. Unemployment has increased in many countries, reaching critical levels for unskilled and young workers in most continental EU countries. Europe's employment performance has continued to lag that in North America. The U. S. in particular achieved a remarkable combination of low inflation and full employment in the late 1990s, at a time when the EU suf­ fered from record unemployment rates, even if inflation was remarkably low. Since the 1980s, the consensus view among economists is that structural unem­ ployment plays a much more important role than cyc1ical unemployment in Europe, but that labour costs (wage costs plus nonwage costs) are also part of Europe's labour market problem. Most EU countries rely on a pay-as-you-go pub­ lic pension system. Contribution rates gradually increased in the 1980s and 1990s, when the share of young workers in overall employment was dec1ining and life expectancy increasing. Rising nonwage costs from the pension system are but one important feature of labour markets in Europe. Given the remarkable dynamics of labour markets, new entry into the labour force, labour turnover, and changes in employment characteristics, one has to also search for other factors behind sus­ tained unemployment. High unemployment is critical for EU countries, where one can point to rela­ tively few positive developments after 1975. The U. K.

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Verlag
Springer
Erscheinungsdatum
2003
Sprache
Englisch
ISBN 10 
3540440046
ISBN 13 
9783540440048
Einband
Gebundene Ausgabe
Auflage
2
Anzahl der Seiten
414
Herausgeber
Addison John T., Welfens Paul J.J.
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