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Deregulation, Welfare State and Competition in the Goods and Labor Markets

  • Francesco Forte
  • Fabio Padovano
Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)

Abstract

The deregulation of the labor markets in every industry appears to be the only means able to reduce the high unemployment rates of the European countries. Expansive macroeconomic policies, like those proposed by the so-called Delors Plan (Commissione delle Comunita Europee [3]), must attain very long periods of sustained GNP growth in order to create new jobs. These performances, as we shall see, are well beyond the possibilities of the European economies, regardless of their current position in the cycle. Other microeconomic instruments, like job retraining programs, have proved to be at least slow in reabsorbing technological unemployment.

Keywords

Labor Market Minimum Wage Welfare State Real Wage Senior Citizen 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Servizio Italiano Pubblicazioni Internazionali Srl 1996

Authors and Affiliations

  • Francesco Forte
    • 1
  • Fabio Padovano
    • 1
    • 2
  1. 1.Università «La Sapienza»Italy
  2. 2.George Mason UniversityUSA

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