High unemployment in many European OECD countries has been attributed to factors ranging from rigid wages and low job mobility to an interaction of high taxes and generous social benefits that may discourage labor force participation and encourage the growth of an underground economy. This...

Rethinking the trade-off between growth and equality -- Varieties of capitalism -- Income distribution and labor markets -- Employment performance -- Macro-economic management and wage bargaining -- Participation, security, mobility, and skills -- Welfare states, redistribution, and growth --...