European Social Models From Crisis to Crisis: (BOK)

Jon D�lvik

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This book analyzes the interaction of European social models the institutions structuring labor markets' supply side and their turbulent macroeconomic environment from the deep Europe-wide recession, ending Germanys post-unification boom, through monetary union's establishment, to the Great Recession following the recent financial crisis. The analysis reaches two conclusions challenging the dominant view that the social models caused unemployment by impairing labor markets' efficiency in the name of equity. First, the social models' employment and distributive effects are far outweighed by their macroeconomic environment, especially in the Eurozone, where its truncated structure of economic governance transformed the Great Recession into a sovereign debt crisis. Second, instead of a trade-off between efficiency and equity, the employment effects of counteracting markets tendency to generate inequality depends on the macroeconomic conditions under which it occurs and how it is done.

Produktfakta

Språk Engelsk Engelsk Innbinding Innbundet
Utgitt 2014 Forfatter Jon D�lvik
Forlag
OXFORD UNIVERSITY PRESS ACADEM
ISBN 9780198717966
Antall sider 464 Dimensjoner 16,8cm x 24,6cm x 3,3cm
Vekt 840 gram Leverandør Bertram Trading Ltd
Andre medvirkende Andrew Martin, Jon Erik Dolvik