Inequality, Integration, and Policy: Issues and evidence from EMU

Giuseppe Bertola

No 7251, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Economic integration fosters production efficiency by enhancing market competition, and makes it difficult for National governments to conduct independent fiscal policies and to enforce income redistribution schemes. Controlling for country-level income variation, available data suggest that Europe’s Economic and Monetary Union (EMU) was associated with a small but significant increase in disposable income inequality, reflecting less generous social policies.

Keywords: Policy competition; Social policy (search for similar items in EconPapers)
JEL-codes: E0 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-mac
Date: 2009-04
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