Has the Time Arrived for a Job Guarantee in Europe?

Rania Antonopoulos

Economics One-Pager Archive from Levy Economics Institute

Abstract: In comparison to the policy responses in the aftermath of the 2008-9 global financial crisis, the reactions of EU policymakers to the combined shocks of the COVID-19 crisis and Ukraine-Russia conflict reveal a greater willingness to deploy public finance in support of the population. Yet, while this display of renewed solidarity is commendable, policymakers have a long way to go in building a more resilient and sustainable EU. A confrontation with long-standing "business as usual" EU rules and policies is necessary, and it is in this context that the job guarantee deserves serious consideration. Acting for the common purpose of reducing and eventually eliminating long-term unemployment would send a clear message that a Social Europe is possible.

Date: 2023-12
New Economics Papers: this item is included in nep-cis and nep-eec
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