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Policy responses to regional unemployment:Lessons from Germany, Spain and Italy
Author(s): S. Davies and M. Hallet
Policy responses to regional unemployment:Lessons from Germany, Spain and Italy (470 kB)
The paper examines the causes of high regional unemployment in Germany, Spain and Italy, and identifies a number of areas where policy action is needed. Lower unemployment rates will not only depend on stability-oriented macroeconomic policies and a sufficiently flexible labour market, but also on moves towards
more decentralised wage bargaining systems;
efforts to reduce regions’ long-term dependency on fiscal transfers;
changes in tax-benefit systems to improve incentives to create and take up jobs;
efficient public expenditure on physical and human capital and
action to reduce obstacles to labour mobility.
(European Economy. Economic Papers No. 161. December 2001.
Brussels. 85pp. Tab. Free.)