Citation

Discussion Paper Details

Please find the details for DP1186 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Wage Inequality and Unemployment: US vs Europe

Author(s): Giuseppe Bertola and Andrea Ichino

Publication Date: May 1995

Keyword(s): Job Security, Labour Income Inequality and Regional Unemployment

Programme Area(s): Human Resources and International Macroeconomics

Abstract: The radical liberalization of foreign trade in Central and Eastern Europe since 1989 has been a key part of the economic reform and has been accompanied by a full-scale geographical reorientation of international trade from East to West. Increased trade with the EU has been associated with remarkably little change in the structure of that trade, which suggests that policy should be oriented towards facilitating rather than slowing industrial adjustment. Future trade policy priorities should include continued liberalization, better coordination of trade and exchange rate policy, the attraction of foreign direct investment, resistance to pressures for selective protection, further development of trade relations with the EU and of intra-regional trade relations, and full participation in the WTO.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1186

Bibliographic Reference

Bertola, G and Ichino, A. 1995. 'Wage Inequality and Unemployment: US vs Europe'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1186