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Le fonds européen d’ajustement à la mondialisation : pour quoi faire ?

Author

Listed:
  • Etienne Wasmer

    (ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

  • Jakob von Weizsäcker

Abstract

The recently established European Globalization Fund (EGF) is an attempt to better share the benefits of globalisation at the EU-level, targeting workers who loose their job due to trade-induced mass lay-offs. We find that the typical income shock for trade displaced workers is a serious one. However, workers displaced not through trade suffer a similar income shocks. We argue that the trade focus and the centralization at EU level may be justified on political economy grounds because trade policy is also decided at the EU level. But current EGF rules leave too much room for discretionary decisions. Therefore, we propose that the EGF focus on two simple active labour market schemes: a wage insurance scheme and lump-sum mobility allowances.

Suggested Citation

  • Etienne Wasmer & Jakob von Weizsäcker, 2007. "Le fonds européen d’ajustement à la mondialisation : pour quoi faire ?," SciencePo Working papers Main hal-03393514, HAL.
    • Handle: RePEc:hal:spmain:hal-03393514
    DOI: 10.3917/reof.102.0223
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03393514
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    Keywords

    Mondialisation; Chômage; Fonds européen de mondialisation;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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