Contributions

  • Massachusetts Institute of Technology. Dept. of Economics - Contributor

Publication

2006 - Massachusetts Institute of Technology, Dept. of Economics, Cambridge, MA, Massachusetts

Language

English

Word Count

3,250 words, Guess

Page Count

13 pages

Identifiers

Description

In this lecture, I argue that the efficiency cost of generous but well designed social insurance need not be very large, and that there is indeed a viable European model, based on three legs: competition in goods markets, insurance in labor markets, and the active use of macroeconomic policy. Keywords: Europe, euro, insurance, competition. JEL Classifications: E24, F41, J5.

Subjects

Series Statement

  • Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 06-21
  • Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 06-21.

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