Perspectives on Regional Unemployment in Europe /

The third stage of European Economic and Monetary Union (EMU) was implemented in January 1999 against the specter of persistently high unemployment in many of the participating countries. While the high European unemployment has received considerable attention, this new IMF staff study analyzes an e...

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Autor principal: Spilimbergo, Antonio
Altres autors: Mauro, Paolo, Prasad, Eswar
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1999.
Col·lecció:Occasional Papers; Occasional Paper ; No. 1999/004
Accés en línia:Full text available on IMF
Descripció
Sumari:The third stage of European Economic and Monetary Union (EMU) was implemented in January 1999 against the specter of persistently high unemployment in many of the participating countries. While the high European unemployment has received considerable attention, this new IMF staff study analyzes an equally important issue: the extent of regional unemployment disparities in certain countries. The paper focuses on large and persistent differences in regional unemployment rates within several European countries. The paper includes detailed case studies of two euro area countries where regional disparities in unemployment are striking- Italy and Spain. The studies emphasize that wages are unresponsive to local labor market conditions.
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Descripció física:1 online resource (50 pages)
Format:Mode of access: Internet
ISSN:0251-6365
Accés:Electronic access restricted to authorized BRAC University faculty, staff and students