Activity, Employment and Unemployment

Carmela Martín
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Carmela Martín: Jean Monnet Professor of European Integration, Universidad Complutense de Madrid

Chapter 3 in The Spanish Economy in the New Europe, 2000, pp 40-69 from Palgrave Macmillan

Abstract: Abstract With high and persistent unemployment rates prevailing in the European Union for so many years – notably higher than in the United States and Japan – studies have sought to explain this phenomenon by examining the idiosyncratic features common to EU economies. They tend to coincide in highlighting, among others, two large groups of factors. The first includes those most directly linked to the peculiarities of the institutional framework, which affect the workings of the labour market itself and the nature of the system of social benefits. The second group encompasses those associated with the productive structure, which determine the capacity of economies to adapt to changes in technology and in international competition.

Keywords: Labour Market; Technical Change; Unit Labour Cost; Social Security Contribution; Wage Rigidity (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1057/9780230597105_4

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