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https://hdl.handle.net/10419/20274
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DublinCore-Feld | Wert | Sprache |
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dc.contributor.author | Belke, Ansgar | en |
dc.contributor.author | Göcke, Matthias | en |
dc.contributor.author | Hebler, Martin | en |
dc.date.accessioned | 2009-01-28T16:12:54Z | - |
dc.date.available | 2009-01-28T16:12:54Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20274 | - |
dc.description.abstract | With the extension of its competence for social policy legislation in the Maastricht andAmsterdam treaties, the EU has adopted a significantly new social dimension in the past tenyears. According to the Copenhagen criteria, the CEEC candidate countries have to adoptthe former via the acquis communautaire. This paper discusses the effect of an adoption ofthis EU social law on future labor market performance in the CEECs. For this purpose, wemodel and investigate the impact of institutional uncertainty (and of its elimination) on jobcreation and job destruction in the CEEC candidate countries. We conclude that structuralchange on CEEC labor markets tends to be fostered via reducing institutional uncertainty.However, these kinds of benefits of the adoption of the acquis have to be weighed againstthe danger that the adoption of inefficient EU social and labor policy regulations imposed bythe acquis might also entail significant risks for employment in the CEECs similar to thosewhich have materialized in the former EU. This rather pessimistic view can be substantiatedbased on a public choice analysis of why the old EU members will want to impose the SocialCharter even though it will harm the new members. These risks consist of a significantincrease in hiring and firing costs and of higher wage rates. Based on a simple option valueanalysis, we investigate and evaluate the trade-off between lower institutional uncertainty andhigher employment costs induced by the adoption of the acquis. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1039 | en |
dc.subject.jel | P26 | en |
dc.subject.jel | J23 | en |
dc.subject.jel | D81 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | EU enlargement | en |
dc.subject.keyword | real option approach | en |
dc.subject.keyword | social union | en |
dc.subject.keyword | institutional uncertainty | en |
dc.subject.stw | EU-Sozialpolitik | en |
dc.subject.stw | EU-Erweiterung | en |
dc.subject.stw | Arbeitsmarktflexibilisierung | en |
dc.subject.stw | Risiko | en |
dc.subject.stw | Realoption | en |
dc.subject.stw | Beschäftigungseffekt | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | Osteuropa | en |
dc.title | Institutional Uncertainty and European Social Union : Impacts on Job Creation and Destruction in the CEECs | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 380020467 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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