EconPapers    
Economics at your fingertips  
 

Efficiency and Equality in the Labour Market

Jonas Agell

CESifo Economic Studies, 2004, vol. 50, issue 2, 255-278

Abstract: I review theoretical arguments suggesting that certain labour market institutions can be justified for economic efficiency reasons. In models with intrinsic market failures, "rigidities" like employment protection legislation and institutional wage compression may push the economy closer to the efficient frontier. I discuss recent empirical evidence on income inequality, poverty and income mobility in OECD countries, and I conclude that the welfare states of Northern Europe score relatively well on all counts. Finally, I discuss labour market reforms that may improve efficiency without violating European voters' preference for equality.(JEL H30, J30, J50)

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1093/cesifo/50.2.255 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Efficiency and Equality in the Labour Market (2003) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cesifo:v:50:y:2004:i:2:p:255-278.

Ordering information: This journal article can be ordered from
http://www.oup.co.uk/journals

Access Statistics for this article

CESifo Economic Studies is currently edited by Gerhard Illing

More articles in CESifo Economic Studies from CESifo Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().

 
Page updated 2020-07-10
Handle: RePEc:oup:cesifo:v:50:y:2004:i:2:p:255-278.