Advertisement

Labor Markets and Social Security

Issues and Policy Options in the U.S. and Europe

  • John T. Addison
  • Paul J. J. Welfens

Table of contents

  1. Front Matter
    Pages I-X
  2. John T. Addison, Paul J. J. Welfens
    Pages 1-12
  3. Karl-Heinz Paqué, Manfred Teutemann
    Pages 57-82
  4. Jürgen Jerger, Alexander Spermann, Lioba Trabert
    Pages 83-104
  5. Klaus Löbbe, Hans Joachim Schalk
    Pages 119-148
  6. David B. Audretsch, Joachim Wagner
    Pages 149-182
  7. Wolfgang Seufert, Paul J. J. Welfens
    Pages 183-202
  8. Paul J. J. Welfens, Claus Schnabel
    Pages 247-301
  9. Lutz Bellmann, Ute Leber
    Pages 345-365
  10. Bent Greve
    Pages 367-382
  11. Back Matter
    Pages 383-404

About this book

Introduction

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.

Keywords

Arbeitslosigkeit Arbeitsmärkte Beschäftigung European Union (EU) Job Creation Simulation Unemployment employment policy european market immigration labor market labor markets social security social security reform soziale Sicherheit

Editors and affiliations

  • John T. Addison
    • 1
  • Paul J. J. Welfens
    • 2
  1. 1.Department of Economics, Moore School of BusinessUniversity of South CarolinaColumbiaUSA
  2. 2.University of PotsdamPotsdamGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-540-24780-7
  • Copyright Information Springer-Verlag Berlin Heidelberg 2004
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-53462-1
  • Online ISBN 978-3-540-24780-7
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking