In order to reap the full benefits of the EMU and to cope with the global competitive pressures, a truly dynamic economic environment will need to be put firmly in place. These issues have been identified and solutions have been drawn up, in particular in the Lisbon agenda. Now, the challenge is to implement these commitments.
The share of households responding to the US Current Population Survey (CPS) has decreased by about 20 percentage points over the last decade. The Bank of Italy’s Survey of Household Income and Wealth suffered a similar reduction between 2010 and 2020. The rest of Europe and Canada have seen similar trends.