Why have labour markets reacted to the global crisis in different ways?
This paper aims to identify the effects of the global crisis on employment and unemployment in the EU countries and indicate factors which may explain the differentiated response of labour markets to this crisis. Analyses show that the global economic crisis affected the labour markets of EU countri...
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ftzbwkiel:oai:econstor.eu:10419/184404 2024-01-28T10:06:44+01:00 Why have labour markets reacted to the global crisis in different ways? Kwiatkowski, Eugeniusz 2016 http://hdl.handle.net/10419/184404 https://doi.org/10.1515/cer-2016-0027 eng eng Warsaw: De Gruyter gbv-ppn:1026620279 Journal: Comparative Economic Research. Central and Eastern Europe ISSN: 2082-6737 Volume: 19 Year: 2016 Issue: 4 Pages: 5-26 Warsaw: De Gruyter doi:10.1515/cer-2016-0027 http://hdl.handle.net/10419/184404 http://www.econstor.eu/dspace/Nutzungsbedingungen https://creativecommons.org/licenses/by-nc-nd/3.0 ddc:330 employment unemployment the global crisis EU doc-type:article 2016 ftzbwkiel https://doi.org/10.1515/cer-2016-0027 2024-01-01T00:47:30Z This paper aims to identify the effects of the global crisis on employment and unemployment in the EU countries and indicate factors which may explain the differentiated response of labour markets to this crisis. Analyses show that the global economic crisis affected the labour markets of EU countries, causing declines in employment and increases in unemployment. The greatest declines in employment were observed in Greece, Estonia, Ireland, Spain, Iceland, and Portugal, and the lowest in Austria, Belgium, the Netherlands, and Poland. The greatest increase in unemployment occurred in the Baltic countries, Greece, Spain, and Portugal. The analyses indicate that the scale of changes in employment and unemployment during the global crisis depends on such factors as: the depth of the demand shock and scale of GDP adjustments; the degree of openness of the economy; the scope of alternative labour market adjustments and some labour market institutions, especially employment protection legislation and the share of fixed-term employment contracts. The analyses indicate that the smallest declines in employment (and correspondingly the smallest increases in unemployment) during the crisis can be expected in countries where the EPL indexes and share of those employed on fixed-term employment contracts in total employment are moderate. Article in Journal/Newspaper Iceland EconStor (German National Library of Economics, ZBW) Comparative Economic Research. Central and Eastern Europe 19 4 5 26 |
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EconStor (German National Library of Economics, ZBW) |
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ddc:330 employment unemployment the global crisis EU |
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ddc:330 employment unemployment the global crisis EU Kwiatkowski, Eugeniusz Why have labour markets reacted to the global crisis in different ways? |
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ddc:330 employment unemployment the global crisis EU |
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This paper aims to identify the effects of the global crisis on employment and unemployment in the EU countries and indicate factors which may explain the differentiated response of labour markets to this crisis. Analyses show that the global economic crisis affected the labour markets of EU countries, causing declines in employment and increases in unemployment. The greatest declines in employment were observed in Greece, Estonia, Ireland, Spain, Iceland, and Portugal, and the lowest in Austria, Belgium, the Netherlands, and Poland. The greatest increase in unemployment occurred in the Baltic countries, Greece, Spain, and Portugal. The analyses indicate that the scale of changes in employment and unemployment during the global crisis depends on such factors as: the depth of the demand shock and scale of GDP adjustments; the degree of openness of the economy; the scope of alternative labour market adjustments and some labour market institutions, especially employment protection legislation and the share of fixed-term employment contracts. The analyses indicate that the smallest declines in employment (and correspondingly the smallest increases in unemployment) during the crisis can be expected in countries where the EPL indexes and share of those employed on fixed-term employment contracts in total employment are moderate. |
format |
Article in Journal/Newspaper |
author |
Kwiatkowski, Eugeniusz |
author_facet |
Kwiatkowski, Eugeniusz |
author_sort |
Kwiatkowski, Eugeniusz |
title |
Why have labour markets reacted to the global crisis in different ways? |
title_short |
Why have labour markets reacted to the global crisis in different ways? |
title_full |
Why have labour markets reacted to the global crisis in different ways? |
title_fullStr |
Why have labour markets reacted to the global crisis in different ways? |
title_full_unstemmed |
Why have labour markets reacted to the global crisis in different ways? |
title_sort |
why have labour markets reacted to the global crisis in different ways? |
publisher |
Warsaw: De Gruyter |
publishDate |
2016 |
url |
http://hdl.handle.net/10419/184404 https://doi.org/10.1515/cer-2016-0027 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
gbv-ppn:1026620279 Journal: Comparative Economic Research. Central and Eastern Europe ISSN: 2082-6737 Volume: 19 Year: 2016 Issue: 4 Pages: 5-26 Warsaw: De Gruyter doi:10.1515/cer-2016-0027 http://hdl.handle.net/10419/184404 |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen https://creativecommons.org/licenses/by-nc-nd/3.0 |
op_doi |
https://doi.org/10.1515/cer-2016-0027 |
container_title |
Comparative Economic Research. Central and Eastern Europe |
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19 |
container_issue |
4 |
container_start_page |
5 |
op_container_end_page |
26 |
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1789333823975063552 |