Is There a Trade-Off Between Unemployment and Inequality? No Easy Answers: Labor Market Problems in the United States versus Europe

Levy Economics Institute Public Policy Brief No. 33

Posted: 19 Aug 1998  

Rebecca M. Blank

U.S. Department of Commerce

Abstract

Blank considers how the flexibility of U.S. labor markets and the regulation and redistribution policies of European labor markets may determine employers' responses to worldwide economic transformations that result in increasing wage disparity in the United States and continuing high unemployment in Europe. She suggests that since the transformations will undoubtedly continue, governments should seek to develop plans to offset and reduce the adverse labor market effects by combining the best aspects of the two institutional approaches.

JEL Classification: J64, J65, J68

Suggested Citation

Blank, Rebecca M., Is There a Trade-Off Between Unemployment and Inequality? No Easy Answers: Labor Market Problems in the United States versus Europe. Levy Economics Institute Public Policy Brief No. 33. Available at SSRN: https://ssrn.com/abstract=116010

Rebecca M. Blank (Contact Author)

U.S. Department of Commerce ( email )

1401 Constitution Ave, N.W.
Rm 5838, HCHB
Washington, DC 20230
United States
202-482-3727 (Phone)

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