Must we choose? European unemployment, American inequality, and the impact of education and labor market institutions
AbstractIn the last fifteen years two equilibria have arisen in the advaced world. On the one hand, wage dispersion has widened in those countries where unemployment has remained low (with cyclical variation). On the other hand, wherever income inequality has remained unchaged, unemployment has shot upwards. To account for there distinct patterns, a combination of current theories - focusing separately on either technological and trade shocks or institutional arrangements - is required.
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Bibliographic InfoArticle provided by Elsevier in its journal European Journal of Political Economy.
Volume (Year): 16 (2000)
Issue (Month): 4 (November)
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Web page: http://www.elsevier.com/locate/inca/505544
Other versions of this item:
- Adsera, A. & Boix, C., 1998. "Must We Choose? European Unemployment, American Inequality and the Impact of Education and Labour Market Institutions," UFAE and IAE Working Papers 414.98, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- E25 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
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