Content -- A. Structural Unemployment in Europe: A Bird's-Eye View -- B. Alternative Subsidies for Low-Wage Employment -- C. Job Security and Employment: A Comparative Analysis -- D. Sectoral Employment Elasticities in Germany -- E. New Firms and Creating Employment -- F. Job Creation in the European Information Society -- G. Maastricht - Implications of a Centralized Monetary and Currency Policy for Employment in Europe -- H. Towards Full Employment and Growth in the European Union -- I. Employment and Wage Effects of Social Security Financing - An Empirical Analysis of the West German Experience and some Policy Simulations -- J. Social Security Reforms in Europe -- K. Long-Term Aspects of Social Security Financing in Germany -- List of Figures -- List of Tables -- List of Contributors.

Facing the globalization of economic relations and the challenge of NICs and eastern Europe, employment in most EU countries has stagnated. The focus here is upon labor market rules, unemployment dynamics, structural change and aspects of the social security system. Theoretical and empirical aspects as well as policy issues are discussed. Also addressed are matters related to monetary union that could compound labor market problems. Options for reforming labor markets and social security systems are considered throughout.