Le fonds europeen d'ajustement a la mondialisation: Pour quoi faire?

Étienne Wasmer, Jakob Von Weizsäcker

Research output: Contribution to journalArticle

Abstract

The recently established European Globalization Fund (EGF) is an attempt to better share the benefits of globalisation at the EU-level, targeting workers who loose their job due to trade-induced mass lay-offs. We find that the typical income shock for trade displaced workers is a serious one. However, workers displaced not through trade suffer a similar income shocks. We argue that the trade focus and the centralization at EU level may be justified on political economy grounds because trade policy is also decided at the EU level. But current EGF rules leave too much room for discretionary decisions. Therefore, we propose that the EGF focus on two simple active.

Original languageFrench
Pages (from-to)223-246
Number of pages24
JournalRevue de l'OFCE
Volume102
Issue number3
DOIs
StatePublished - 2007

Keywords

  • European Globalization Fund
  • Globalization
  • Unemployment

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

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