Als weiterer Redner beim 3. Munich Economic Summit äußerte sich Prof. Giuseppe Bertola, Universitá di Torino, zu den aus seiner Sicht notwendigen Reformen in Europa. Er unterstrich in seinem Vortrag vor allen Dingen, dass nicht nur die Arbeitsmärkte, sondern auch andere Bereiche reformiert...

This paper outlines theoretical insights regarding the motivation and effects of labor market institutions, and reviews empirical studies of relevant evidence from European and other countries’ historical experience. Institutional interference with laissez faire labor market outcomes has both...

Markets can deliver growth but need help from government provision of infrastructure, regulation, stabilization, and redistribution. In the 20 years since the 10th anniversary of the Single Market, growth in Europe has remained rela-tively slow. Two deep crises revealed underlying problems and...

This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...