Regulating European Labour Markets
More Costs than Benefits?

By John T. Addison & W. Stanley Siebert
Feb. 1999
Institute of Economic Affairs
ISBN: 0-255-36420-2
86 p.
$19.95 Paper Original

European Union social policy can be traced back to at least 1974 even though the treaty basis for social legislation is very narrow. Britain and other countries with less regulated labor markets have been better at creating employment opportunities than the more regulated major EU states. The "upward harmonization" sought by the EU has potentially serious costs in terms of unemployment and reduced employment growth.

European Studies
Series: Hobart Paper

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