Curbing Unemployment in Europe: Are There Lessons from Ireland and the Netherlands?
Graduate Institute of International and Development Studies (HEI)
Federal Reserve Bank of Philadelphia
Current Issues in Economics and Finance, Vol. 7, No. 5, May 2001
Since the mid-1980s, unemployment rates in Ireland and the Netherlands have plummeted, while the average rate for the European Union has maintained its longtime high level. Ambitious labor market reforms - including wage moderation and the tightening of unemployment benefits - have helped to bring the Irish and Dutch rates down. Other European countries would benefit from adopting similar reforms, but they are unlikely to see the same dramatic improvement in their unemployment numbers.
Number of Pages in PDF File: 6
Keywords: unemployment, labor market reforms, wage moderation
JEL Classification: O52, E24, E65Accepted Paper Series
Date posted: April 12, 2005
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