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Inequality and sustainability in a healing and fragmented European Union

Author

Listed:
  • Georg Feigl

    (Institute of Anatomy)

  • Markus Marterbauer
  • Miriam Rehm
  • Matthias Schnetzer
  • Sepp Zuckerstätter
  • Lars Andersen
  • Thea Nissen
  • Signe Dahl
  • Peter Hohlfeld
  • Benjamin Lojak
  • Thomas Theobald
  • Achim Truger
  • null null

    (Macroeconomic Policy Institute (IMK))

  • Guillaume Allegre

    (Observatoire français des conjonctures économiques)

  • Céline Antonin

    (Observatoire français des conjonctures économiques)

  • Christophe Blot

    (Observatoire français des conjonctures économiques)

  • Jérôme Creel

    (Observatoire français des conjonctures économiques)

  • Bruno Ducoudre

    (Observatoire français des conjonctures économiques)

  • Paul Hubert

    (Observatoire français des conjonctures économiques)

  • Sabine Lebayon
  • Sandrine Levasseur

    (Observatoire français des conjonctures économiques)

  • Hélène Périvier

    (Observatoire français des conjonctures économiques)

  • Raul Sampognaro

    (Observatoire français des conjonctures économiques)

  • Aurélien Saussay

    (Observatoire français des conjonctures économiques)

  • Vincent Touze

    (Observatoire français des conjonctures économiques)

  • Sébastien Villemot

    (Observatoire français des conjonctures économiques)

  • Xavier Timbeau

    (Observatoire français des conjonctures économiques)

Abstract

As we will see in this chapter, there has been some improvement in the European Labour market in the last couple of years. However, unemployment remains high, especially long-term and youth unemployment. This raises the question of human capital depreciation, stigmatisation and unemployment hysteresis. At the same time both inequality and poverty are continuing have increased since the crisis started European economic policy barely takes into account the academic consensus that measurement of economic performance and social progress is necessary and has to go beyond GDP. To facilitate evidence-based well-being oriented economic policy, we need to reform the European Economic Governance and to establish some kind of sustainable development indicators (SDI) to measure progress beyond economic growth. The SDIs should take into account the protection of the natural capital and social justice to help define and improve policies. SDIs show reasons for optimism in some areas, while substantial progress needs to be done in other areas, including poverty. The chapter shows a very heterogeneous Europe in terms of unemployment, inequality and sustainability. Therefore, both EU as a whole and the dispersion between countries are analyzed in this chapter.

Suggested Citation

  • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Thomas Theobald & Achim Truger &, 2016. "Inequality and sustainability in a healing and fragmented European Union," Sciences Po publications info:hdl:2441/6nf97io14q9, Sciences Po.
  • Handle: RePEc:spo:wpmain:info:hdl:2441/6nf97io14q940b4utb1f74kkj7
    as

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    File URL: http://spire.sciencespo.fr/hdl:/2441/6nf97io14q940b4utb1f74kkj7/resources/2-201701inequalityandsustainability.pdf
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    Other versions of this item:

    • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Thomas Theobald & Achim Truger &, 2016. "Proposals for a policy mix in the euro area," Sciences Po publications info:hdl:2441/507k5irkeb8, Sciences Po.
    • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Thomas Theobald & Achim Truger &, 2016. "Economic outlook for the euro area," Sciences Po publications info:hdl:2441/7nrhkqocnt8, Sciences Po.
    • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Thomas Theobald & Achim Truger &, 2016. "The Elusive Recovery: iAGS 2017," Sciences Po publications info:hdl:2441/55823teuik9, Sciences Po.
    • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Achim Truger & Andrew Watt & Gui, 2016. "The Elusive Recovery," Sciences Po publications info:hdl:2441/5pidfbl3vc8, Sciences Po.
    • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Thomas Theobald & Achim Truger &, 2016. "Stable finance in an unstable world," Sciences Po publications info:hdl:2441/3d5sculf798, Sciences Po.

    References listed on IDEAS

    as
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    Cited by:

    1. Léo Aparisi de Lannoy & Xavier Ragot, 2017. "Une (ré) assurance chômage européenne," Sciences Po publications info:hdl:2441/5i0jcpu6sk9, Sciences Po.

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    Keywords

    European Labour Market; Unemployment; European Economic Policy;

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