Titlebook: Labor Markets and Social Security; Wage Costs, Social S Paul J. J. Welfens,John T. Addison (John M. Olin V Conference proceedings 19981st e

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,Maastricht — Implications of a Centralized Monetary and Currency Policy for Employment in Europe,ns in labor markets, as well as welfare state rules, temporary shocks result in dual labor markets, yielding employed ‘insiders’ and wage-politically uncoupled ‘outsiders’ (Hysteresis) (LINDBECK, 1993; BELKE and GÖCKE, 1994). In a European Monetary Union (EMU) it will no longer be possible to implem

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Towards Full Employment and Growth in the European Union,ropean markets. From the trough of one business cycle to the next unemployment increased. In the period 1987–90 the EC’s unemployment rate increased by 6 percentage points; the 11 percent rate reached in 1994 is unlikely to fall quickly in the 1990s. The EC Commission noted in its . that in the two

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,Employment and Wage Effects of Social Security Financing — An Empirical Analysis of the West German, the united German unemployment rate has hit an all-time high, and there is little hope for a significant improvement in the near future. At the same time, the government aims to reduce the budget deficit, while the public faces ever increasing social security contribution rates which, due to demog

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m issues to put into practice are analysedFacing the globalization of economic relations and the challenge of NICs and eastern Europe, employment in most EU countries has stagnated. The focus here is upon labor market rules, unemployment dynamics, structural change and aspects of the social security

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