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Both common macroeconomic shocks and country-specific developments have subjected the flexibility of wage setting mechanisms in the euro area to a stress test in recent years. Against this background, this paper takes a fresh look at wage flexibility in EMU and attempts to draw a few lessons...
Persistent link: https://www.econbiz.de/10012726427
wages, which may reflect firms’ ability to expand employment without raising pay due to labor supply elasticity and …
Persistent link: https://www.econbiz.de/10015202735
der Theorie optimaler Währungsräume die Vorteile eines Beitritts reduzieren. In diesem Artikel werden die Gewinne einer …
Persistent link: https://www.econbiz.de/10010417152
Labour market performance as measured by employment rates conceals significant differences among EU countries. In 2014 … the variation was between 48.8% in Greece and 74.4% in Sweden. Average employment rate for the EU28 was at 64.8% in 2014 … showing the dimensions of social models. We use these dimensions to develop two indices which capture the employment and …
Persistent link: https://www.econbiz.de/10011375692
various sectors of employment, education and societal structures. Firstly, the drivers of technological progress were analysed … exercises were performed on a granular distribution of the European youth populace and over a range of sectors of employment, in … order to provide a heuristic connection between education, employment, income levels and ICT …
Persistent link: https://www.econbiz.de/10013021498
The eastward enlargement of the European Union and the requirements of the European Monetary Union increase pressure for flexibility of labour markets. This paper analyses main changes in the Baltic States? labour market over the period 1990 - 2001 giving emphasis on the problems of labour...
Persistent link: https://www.econbiz.de/10010262880
European economic integration is commonly believed to be incomplete, and that further reforms are needed. In this context, the union of U.S. states is considered the benchmark of complete economic integration and is often the basis for comparison regarding the extent of E.U economic integration....
Persistent link: https://www.econbiz.de/10013149317
European economic integration is commonly believed to be incomplete, and that further reforms are needed. In this context, the union of U.S. states is considered the benchmark of complete economic integration and is often the basis for comparison regarding the extent of E.U economic integration....
Persistent link: https://www.econbiz.de/10011379627
Following Turkey’s application for EU membership in 1987, a Customs Union (CU) between Turkey and the EU, mainly covering trade in manufacturing goods and processed agricultural products, came into effect in 1995. In addition to a large agricultural sector, Turkey also specializes in the...
Persistent link: https://www.econbiz.de/10010261340
Euroland's employment now responding much stronger to cyclical fluctuations in output than in the past, and even somewhat … stronger than in the US. Thus, it appears rather implausible that overall too strict employment protection regulations can …
Persistent link: https://www.econbiz.de/10009712936