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

Giuseppe Bertola

No 7251, CEPR Discussion Papers from Centre for Economic Policy Research

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)
Date: 2009-04
New Economics Papers: this item is included in nep-eec and nep-mac
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Journal Article: Inequality, integration, and policy: issues and evidence from EMU (2010)
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