Must We Choose? European Unemployment, American Inequality and the Impact of Education and Labour 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 InfoPaper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 414.98.
Length: 37 pages
Date of creation: 1998
Date of revision:
UNEMPLOYMENT ; INCOME DISTRIBUTION ; EDUCATION ; CORPORATISM;
Other versions of this item:
- Adsera, Alicia & Boix, Carles, 2000. "Must we choose? European unemployment, American inequality, and the impact of education and labor market institutions," European Journal of Political Economy, Elsevier, vol. 16(4), pages 611-638, November.
- E25 - Macroeconomics and Monetary Economics - - 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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