Ronald Schettkat: Inequality and the Challenge of Employment 2/3

The video discusses the relationship between inequality and employment, focusing on the natural rate theory and its implications for European and US labor markets. It examines the role of institutional changes, monetary policy, and education in shaping inequality and employment outcomes. The video also challenges the notion that redistribution negatively impacts employment, suggesting that different economic models can coexist with varying levels of inequality without necessarily affecting employment relations.

What conclusions can be drawn about the relationship between inequality and intergenerational income elasticity?

How does the educational background of parents affect children's educational achievements according to the text?

Explain the significance of early childhood education in promoting educational careers as mentioned in the text.

What are the implications of cutting public services on low-income households as discussed in the text?