Interactive map: Europe’s social polarisation and the generational struggle
According to the latest Eurobarometer survey on the social impact of the crisis, 80% of respondents believe that poverty has increased in their country over the past 12 months. Over 30% of respondents...
View ArticleHigh growth firms and job creation in Europe
As shown in this report by the Kauffman Foundation, by and large, job creation has come from young firms (about two thirds, focusing in the US). With a broader sample of countries, this report by the...
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Eurozone South is still not a place for young workers
One rather obvious corollary of the European economic weakness is high unemployment. the unemployment rate for the Eurozone has grown from 7.5 percent in 2007 to 12 percent in 2013, and it does not...
View ArticlePoor and under pressure: the social impact of Europe’s fiscal consolidation
Europe faces major challenges related to poverty, unemployment and polarisation between the south and the north, which impact adversely the current living conditions of many citizens, and also...
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Which fiscal union for the euro area?
Highlights Fully-fledged federations assign fiscal policy stabilisation largely to the federal level, based on a relatively large budget. In the euro area, a large federal budget is unrealistic at the...
View Article“Social dumping” and posted workers: a new clash within the EU
Ministers from high-wage and low-wage EU countries are clashing over the treatment of posted workers, but the problem of undeclared work is slipping under the radar. President Juncker stated in 2014...
View ArticleYouth unemployment in the Mediterranean region and its long-term implications
This blog was produced within the framework of the Bruegel- OCP PC joint conference. It includes all countries with coastlines on the Mediterranean Sea: Albania, Algeria, Bosnia-Herzegovina, Croatia,...
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Japan needs labour market reform, not just higher wages
Japan is once again defying common economic sense. While its unemployment rate is at the lowest level in almost two decades, wage growth has been disappointing, and the government is even putting...
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Spanish unemployment and the effects of the 2012 labour market reform
Note: Unemployment rate: share of unemployed over total active population between 16-64 years old; Participation rate: share of employed over total population between 16-64 years old. Source: Spanish...
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An Italian job: the need for collective wage bargaining reform
Highlights For references and footnotes, please see the PDF version of this publication. Since the mid-1990s, Italy has been characterised by a lack of labour productivity growth, combined with a 60...
View ArticleAn anatomy of inclusive growth in Europe
Read the Working Paper ‘Some are more equal than others: new estimates of global and regional inequality‘. Access the dataset ‘Global and regional Gini coefficients‘. Key findings Contrary to many...
View ArticleThe impact of Brexit on Northern Ireland: A first look
Northern Ireland is different from the rest of the UK. It also faces distinct challenges from Brexit. The currently-open land border and a very close trading relationship with the Republic of Ireland...
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The Italian Lira: the exchange rate and employment in the ERM
In a recent paper, Ferdinando Giugliano and Christian Odendahl argued that the two causes of Italy’s poor economic performance in the past 20 years have been Euro membership and, more importantly, a...
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Questionable immigration claims in the Brexit white paper
Immigration to the UK was a key issue in the Brexit debate and has also received a great deal of attention since the referendum. According to the recent white paper from the UK Government on Brexit...
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Alice in gender-gap land
The gender pay gap persists worldwide… More than 55 years after the United States passed the Equal Pay Act, and 45 years after similar legislation in the UK, equal pay is still far from being a...
View ArticleA glance into the future — how will AI change our lives?
This episode of The Sound of Economics focuses on artificial intelligence (AI). The important technological advancements in computer science and information systems move us towards the artificial...
View ArticleLabour mobility in Europe
For more on labour mobility in Europe, see recordings from our event on the topic. This episode of The Sound of Economics focuses on labour mobility in Europe. Anti-immigration sentiment is on the...
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The decline of the labour share of income
Chapter 3 of the IMF’s 2017 WEO documents the downward trend in the labour share of income since the early 1990s, as well as its heterogeneous evolution across countries, industries, and workers of...
View ArticleThe global decline in the labour income share: is capital the answer to...
This paper links the major divergences between the three largest euro-area countries in terms of unit labour costs and current accounts, to the broader debate on labour income shares. The authors show...
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Do we understand the impact of artificial intelligence on employment?
In my previous blog on artificial intelligence (AI), I dealt with the general characteristics of AI and machine learning. Thanks to complex virtual learning techniques, machines are now able to perform...
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