Register  |  Login  |  Inquiries  |  Sitemap |  
Advanced Search
The Journal of Economic Integration 2001 June;16(2) :229-244.
DOI: https://doi.org/10.11130/jei.2001.16.2.229
Labor Market Rigidities and EMU

Carsten Hefeker

University of Basel
Copyright ©2001 The Journal of Economic Integration
ABSTRACT
This paper explores the interaction between labor market deregulation, monetary union and unemployment. Monetary policy autonomy and monetary union are compared in their influence on the optimal level of labor market deregulation consented to and wages demanded by labor unions. EMU leads to higher real wages and higher unemployment when unions set their policies independently, but labor market regulation is unaffected. This is in constrast to results derived earlier in the literature. The paper also asks whether union cooperation improves on the non-cooperative results. That is not necessarily the case.
Keywords: Monetary Union | Unemployment | Labor Unions
TOOLS
PDF Links  PDF Links
Full text via DOI  Full text via DOI
Download Citation  Download Citation
  Print
Share:      
METRICS
3
Crossref
0
Scopus
4,014
View
25
Download
Time-Varying Bond Market Integration in EMU  2015 December;30(4)
Editorial Office
Center for Economic Integration, Sejong University, 209, Neungdong-Ro, Gwangjin-Gu,
Seoul, 05006, Korea
TEL : +82-2-3408-3338    FAX : +82-2-6935-2492   E-mail : jei@sejong.ac.kr, editorial.office@e-jei.org
Browse Articles |  Current Issue |  For Authors and Reviewers |  About
Copyright© by Center for Economic Integration.      Developed in M2PI