Community Research and Development Information Service - CORDIS

Abstract

This project developed a coherent framework for the analysis of the causes of unemployment, which takes into account factors such as international trade, market integration and globalization, and 'skills-biased' technological change. The network also contributed to our understanding of the patterns of unemployment and social exclusion, by bringing together researchers working in the fields of international trade and labour economics with specialists in income distribution, focusing in particular on the relationship between inequality in the distribution of wages and the distribution of incomes across households. Finally the network has attempted to integrate this analysis of trade, inequality and unemployment with newly emerging techniques within the field of political economy. The network aimed to achieve three goals, each of scientific importance and policy relevance:
- develop a framework for the analysis of unemployment which takes into account the impacts of international trade, 'skills-biased' technological change, as well as labour market policies and institutions, and to assess the relative importance of each of these factors in explaining unemployment in Europe
- increase our understanding of unemployment and social exclusion, in particular the relationship between inequality in the distribution of wages and the distribution of incomes across households. The relationship appears to be an important factor in explaining the very different ways in which inequality manifests itself in Europe and the United States.
- integrate the analysis of trade, inequality and unemployment with techniques from the field of political economy, in order to clarify the relationship between the public's attitudes towards redistribution and the political feasibility of policies designed to address the problems of inequality, social exclusion and unemployment, whether through redistribution or reforms to the operation of labour markets.

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Record Number: 7073 / Last updated on: 2005-10-10
Category: PROJ
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