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Title:EMU challenges European labor markets PDF Logo
Authors:Soltwedel, Rüdiger
Dohse, Dirk
Krieger-Boden, Christiane
Issue Date:1999
Series/Report no.:IMF working paper 99/131
Abstract:This paper discusses the challenges that European Monetary Union (EMU) poses for European labor markets, emphasizing in particular the regional dimension of the European unemployment problem. The authors argue that the inability of labor markets to adjust to shocks is largely a regional problem within EMU member countries, requiring structural reforms to enhance labor market flexibility bur also a decentralization of competencies and greater diversity of labor market outcomes. Any attempt to successfully reform European labor markets and “make them fit for EMU” has to take into account the regional—and even a more decentralized firm—perspective.
Subjects:European monetary union
regional labor markets
adjustment to shocks
JEL:E24
E42
F15
J3
R11
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW

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