Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20274
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dc.contributor.authorBelke, Ansgaren_US
dc.contributor.authorGöcke, Matthiasen_US
dc.contributor.authorHebler, Martinen_US
dc.date.accessioned2009-01-28T16:12:54Z-
dc.date.available2009-01-28T16:12:54Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20274-
dc.description.abstractWith 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_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion paper series |x1039en_US
dc.subject.jelP26en_US
dc.subject.jelJ23en_US
dc.subject.jelD81en_US
dc.subject.ddc330en_US
dc.subject.keywordEU enlargementen_US
dc.subject.keywordreal option approachen_US
dc.subject.keywordsocial unionen_US
dc.subject.keywordinstitutional uncertaintyen_US
dc.subject.stwEU-Sozialpolitiken_US
dc.subject.stwEU-Erweiterungen_US
dc.subject.stwArbeitsmarktflexibilisierungen_US
dc.subject.stwRisikoen_US
dc.subject.stwRealoptionen_US
dc.subject.stwBeschäftigungseffekten_US
dc.subject.stwTheorieen_US
dc.subject.stwOsteuropaen_US
dc.titleInstitutional Uncertainty and European Social Union : Impacts on Job Creation and Destruction in the CEECsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn380020467en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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