Discussion Paper Details

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Title: How far away is a Single European Labor Market?

Author(s): Annabelle Krause, Ulf Rinne and Klaus F Zimmermann

Publication Date: August 2014

Keyword(s): economic crisis, economic migration, European labor market integration, German model and worker mobility

Programme Area(s): Labour Economics

Abstract: A Single European Labor Market, particularly involving the free movement of workers within Europe, has been a goal of the European community since the 1950s. Whereas it may entail opportunities and drawbacks alike, the benefits?such as greater economic welfare for most citizens?are supposed to outweigh the losses. However, over fifty years after the aim was first established, a Single European Labor Market has not yet been achieved. This paper gives an overview of current European macroeconomic trends, with a particular focus on the Great Recession, and also explores the drivers of and obstacles to labor mobility. Complementarily, it analyses the results of a unique opinion survey among labor market experts, as well as formulates policy recommendations to enhance mobility. The development of a Single European Labor Market is also discussed in relation to the German model.

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Bibliographic Reference

Krause, A, Rinne, U and Zimmermann, K. 2014. 'How far away is a Single European Labor Market?'. London, Centre for Economic Policy Research.