Labor policies and capital mobility in theory and in EMU
"“Race-to-the-bottom” deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern is...
| Main Author: | |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Munich
2014
CESifo |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19117825124919350079-Labor-policies-and-capital-mob.htm |
| Summary: | "“Race-to-the-bottom” deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern is readily explained by this paper’s model of financial integration between differently capital-abundant countries, within which labor policies benefit individuals with wealth/labor income ratios different from country’s aggregate." |
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| Physical Description: | 33 p. Digital |