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Inequality vs unemployment trade-off The case of the EU   Olena Rabtsun

Inequality vs unemployment trade-off The case of the EU

72 страниц. 2011 год.
LAP Lambert Academic Publishing
The author addresses the issue of interconnection between inequality and unemployment in modern developed economies. The research is centred around the so-called “Transatlantic Consensus” - the inequality-unemployment trade-off, which is frequently considered the major explanation for the differences in unemployment and inequality between rigid-wage and flexible-wage economies, and by extension between Europe and the United States. The work assesses the existence and significance of such a trade-off inside the European Union, providing a detailed research of unemployment and inequality trends in EU-15 and Norway, and suggesting an empirical model for estimation of the trade-off between unemployment and inequality in four groups of European countries (Scandinavian, Southern European, Continental and Anglo-Saxon countries).
 
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