SW4: The EU Labor Market

Question 1

Importance of a functional labour market

Answer 1

• The labour market is the place where employers and employees interact with each other
• Crucial for economic growth and welfare

Question 2

What is a factor of inequality?

Answer 2

• Assortative Mating

Question 3

The Open Method of Coordination

Answer 3

• loose governance structure

- relies on setting of non-binding objectives that make benchmarking and naming-and-shaming possible

Question 4

Reasons for higher youth unemployment rates in certain countries

Answer 4

• Higher drop out rates
• Lacking qualifications
• No network

Question 5

Problems of EU Labour Market:

Answer 5

• Poor School-to-work transition
• Labour markets and social policies remain a national
  prerogative
• Rather, there is too little mobility of workers in Europe even during the latest recession

Question 6

How could a single european labour market be created=

Answer 6

• Harmonize National Systems on EU Level
• Recognize each others degrees and qualifications
• Citizens need to keep an open mindset and learn different languages