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European Social Models From Crisis to Crisis:: Employment and Inequality in the Era of Monetary Integration
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European Social Models From Crisis to Crisis:: Employment and Inequality in the Era of Monetary Integration (Hardback)

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Synopsis

This book analyzes the interaction of European social models - the institutions structuring labor markets' supply side - and their turbulent macroeconomic environment from the deep Europe-wide recession, ending Germany's post-unification boom, through monetary union's establishment, to the Great Recession following the recent financial crisis. The analysis reaches two conclusions challenging the dominant view that the social models caused unemployment by impairing

labor markets' efficiency in the name of equity. First, the social models' employment and distributive effects are far outweighed by their macroeconomic environment, especially in the Eurozone, where its truncated structure of economic governance transformed the Great Recession into a sovereign debt

crisis. Second, instead of a trade-off between efficiency and equity, the employment effects of counteracting markets' tendency to generate inequality depends on the macroeconomic conditions under which it occurs and how it is done.

BusinessEconomicsPolitical economyHistory & PoliticsPolitics & governmentCentral governmentCentral government policiesHistory & PoliticsPolitics & governmentComparative politicsPhilosophy, Psychology & Social SciencesSocial issues & processes Publisher: Oxford University Press Publication Date: 29/11/2014 ISBN-13: 9780198717966  Details: Type: Hardback Format: Books
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Jon Erik Dolvik, a sociologist, is Research Director at Fafo Institute for Labour and Social Research in Oslo. He has published extensively in the field of comparative employment relations, social models, and labor migration in the Nordic and European context. Besides stays as visiting scholar abroad, including Harvard's Center for European Studies, he is on the editorial boards of European Journal of Industrial Relations and Transfer - European Review of Labour and Research; Andrew Martin, a political scientist, is a Research Associate at the Harvard Center for European Studies where he co-edits the Center's working papers. He previously taught at Harvard and other universities. His publications include Euros and Europeans: Monetary Integration and the European Model of Society and The Brave New World of European Labor (both co-edited with George Ross) as well as numerous other studies on labor and the comparative politics of economic policy.

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