Myant, Martin, Theodoropoulou, Sotiria, Piasna, Agnieszka, (2016), “Unemployment, internal devaluation and labour market deregulation in Europe”, European Trade Union Institute, January
Unemployment rates in the EU rose after the economic crisis of 2008, passing 10% in 2012, but with big variations between countries. The worst afflicted had been subject to so-called policies of internal devaluation, aimed at curing unemployment by reducing wage costs. This book provides a comparative study of countries that to varying degrees followed that road (Greece, Spain, Portugal, Ireland) set against others that did not (Germany, UK, Poland).
Relevant Posts
- Hagedorn, Marcus, Manovskii, Iourii, Mitman, Kurt, (2016), “The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?”, Centre for Economic Policy Research, January.
- Lama, Ruy, Guzman Medina, Juan Pablo, (2015), “Fiscal Consolidation During Times of High Unemployment: The Role of Productivity Gains and Wage Restraint”, IMF Papers, 10 December.