Download or read book Labour Market Adjustment in Europe During the Crisis written by and published by . This book was released on 2017 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014-15 as a follow-up to the two previous WDN waves carried out in 2007 and 2009. The WDN survey collected information on wage-setting practices at the firm level. This third wave sampled about 25,000 firms in 25 European countries with the aim of assessing how firms adjusted wages and employment in response to the various shocks and labour market reforms that took place in the European Union (EU) during the period 2010-13. This paper summarises the main results of WDN3 by identifying some patterns in firms' adjustments and labour market reforms. It seeks to lay out the main lessons learnt from the survey in terms of both the general response of EU labour markets to the crisis and how these responses varied across the countries that took part in the survey.
Download or read book Labour Market Adjustment in Europe During the Crisis written by and published by . This book was released on 2017 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014-15 as a follow-up to the two previous WDN waves carried out in 2007 and 2009. The WDN survey collected information on wage-setting practices at the firm level. This third wave sampled about 25,000 firms in 25 European countries with the aim of assessing how firms adjusted wages and employment in response to the various shocks and labour market reforms that took place in the European Union (EU) during the period 2010-13. This paper summarises the main results of WDN3 by identifying some patterns in firms’ adjustments and labour market reforms. It seeks to lay out the main lessons learnt from the survey in terms of both the general response of EU labour markets to the crisis and how these responses varied across the countries that took part in the survey.
Download or read book Free Movement of Workers and Labour Market Adjustment Recent Experiences from OECD Countries and the European Union written by OECD and published by OECD Publishing. This book was released on 2012-06-27 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication presents recent evidence and analytical work on the impact and future perpectives of demographic trends in the workforce, taking also into account education, skills and geographical mobility.
Download or read book Free Movement of Workers and Labour Market Adjustment Recent Experiences from OECD Countries and the European Union written by OECD and published by OECD Publishing. This book was released on 2012-07-24 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication presents recent evidence and analytical work on the impact and future perpectives of demographic trends in the workforce, taking also into account education, skills and geographical mobility.
Download or read book Labour Market Adjustments in Europe written by Julian Messina and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . the book is an interesting contribution to the literature on labour market practices in Europe. The important statistics and analysis conducted by the authors in the book have important implications for scholars in the international entrepreneurship field wanting to know more about the diverse labour practices in Europe. Vanessa Ratten, Journal of International Entrepreneurship It is now widely accepted that expansionary fiscal or monetary policies alone are unlikely to help Europe s ailing economies. Solving Europe s economic problems requires reform of the economic institutions that influence economic activity and the way the economy responds to macroeconomic shocks. This volume employs novel approaches to the study of some of these institutions. The group of contributors in this book come from academia and international organizations in Europe and the USA. They focus on trade unions, which affect real-wage flexibility and the provision of training to workers. They also concentrate on employment protection legislation, which discourages firms from firing old workers and also from hiring new ones. The structure of housing market imperfections that can greatly affect regional mobility is also discussed. Labour economists and scholars of European studies, as well as economic policymakers, will read Labour Market Adjustments in Europe with great interest.
Download or read book How Do Institutions Affect the Labour Market Adjustment to the Economic Crisis in Different EU Countries written by Janine Leschke and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic crisis which began in most European countries in mid-2008 has had severe effects on labour markets. Although no country has escaped the crisis, the extent of output losses and the number of jobs lost, as well as the resulting rise in unemployment, vary considerably between countries. In order to shed light on this issue, this paper examines empirically how the current economic crisis has affected the different European economies in terms of the impact on output, and the knock-on effects, influenced by the specific institutional frameworks, on employment and unemployment. On the basis of comparable quarterly Eurostat data the differences between countries in terms of the way that the loss of output is translated into falls in working hours and head-count employment and rises in unemployment are analysed. A range of institutional factors expected to influence the transmission from output to employment and unemployment is examined for a selected group of four countries (Germany, the United Kingdom, Denmark and Spain).
Download or read book Work Inequalities in the Crisis written by Daniel Vaughan-Whitehead and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Who are the losers and the occasional winners in the current economic crisis? How have employers responded to the slump in economic growth? What lessons can be learned both from their and government labour policies? Daniel Vaughan-Whitehead, and a team of leading researchers address these questions applying the latest data and research including company case studies from across Europe, including Turkey and the transition economies. They observe some similarities, but also enormous differences. They find novel answers as the policies developed over the past two decades to foster greater flexibility have altered the way firms respond to market changes. Are all these changes socially desirable? The authors are to be congratulated for providing such a detailed panorama and frank assessment which will be of value to both academic and policy readers.' David Marsden, London School of Economics, UK 'Since the successive crises erupted the increase in inequality has not been addressed. This important publication offers a comprehensive overview of recent developments in the workplace. It will help to promote a different policy agenda that is desperately needed to overcome the causes and consequences of the crisis, namely addressing work inequalities.' Philippe Pochet, Catholic University of Louvain la Neuve, Belgium, and General Director of the European Trade Union Institute (ETUI), Brussels, Belgium Work Inequalities in the Crisis provides an in-depth overview of the effects of the crisis on inequalities in the world of work. It examines these inequalities multi-dimensionally, looking at employment, wages and incomes, working conditions and social dialogue. At the same time, it investigates whether the crisis may halt the progress made in Europe towards better quality jobs and working conditions. This book offers a unique combination of research, case studies and policy discussions. An assessment of national trends in 30 European countries precedes case studies of 14 of them, in which noted European specialists report on individual enterprises or sectors. The volume's survey of national- and local-level policy solutions contributes to identifying those responses that strengthen economic competitiveness, preserve social cohesion and do not deepen inequalities. This timely resource will be of particular interest to academics, students and researchers in labour economics, to policymakers, and to those involved in European studies more generally.
Download or read book Labour Market Adjustments During the Crisis and the Role of Flexibility written by Vassilis Monastiriotis and published by . This book was released on 2018 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Research Note seeks to analyse how these diverse country experiences played out in the labour markets of the 28 countries of the European Union. To do so, it relies on a novel application of a standard micro-econometric technique, which allows to ‘decompose’ temporal changes in unemployment into two broad components: one which concerns mainly the workings of the labour market (specifically, the mix of skills and other individual characteristics that are present in the labour market and the economic significance of these for sorting individuals between employment and unemployment); and one which captures wider influences onto the labour market, including ones that may be related to financial, fiscal and other macroeconomic and institutional factors. Based on this decomposition, it offers an analysis of how the ‘external shock’ (second component) and ‘internal adjustment’ (first component) shaped the overall unemployment evolutions in each of the 28 countries of the EU across different sub-periods – from a few years before the eruption of the global financial crisis (2004) until the recent recovery (2016). As a further piece of analysis, the Research Note examines the changes in non-standard (part-time and temporary) and atypical employment (irregular hours, shift-working) during the same period, trying to see how changes in these forms of ‘flexible labour’ may correlate to the aggregate changes in unemployment as well as to its components as identified here. The analysis reveals significant variations across countries across a number of dimensions: the extent of exposure to the negative shock of the crisis; the timing and duration of the shock; the degree and pace of recovery afterwards; and, most importantly, the extent and type of labour market adjustments in relation to positive and negative shocks. Specifically, - in the period of the crisis, a large number of countries exhibited significant adjustment to the economic shock, which was predominantly driven by changes in how individual characteristics contributed to an individual’s probability of unemployment (intensified employment sorting); - still, in a minority of countries this type of adjustment (employment sorting) worked in the opposite direction, intensifying the unemployment change experienced; - in the post-crisis period adjustment dynamics became more diverse, with a larger group of countries exhibiting adverse adjustments and with overall unemployment following different dynamics across countries; - in all cases, adjustment dynamics seem to correlate only weakly to changes observed in non-standard and atypical employment (and thus to the overall extent of what can be called as ‘effective labour market flexibility’ – Monastiriotis and Tinsley, 2007), while types of adjustment seem to cut across different welfare regimes and ‘varieties’ of capitalism.
Download or read book How Do Institutions Affect the Labour Market Adjustment to the Economic Crisis in Different EU Contries written by Janine Leschke and published by . This book was released on 2010 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper examines empirically how the current economic crisis has affected the different European economies in terms of the impact on output, and the knock-on effects, influenced by the specific institutional frameworks, on employment and unemployment. On the basis of comparable quarterly Eurostat data the differences between countries in terms of the way that the loss of output is translated into falls in working hours and head-count employment and rises in unemployment are analysed. A range of institutional factors expected to influence the transmission from output to employment and unemployment is examined for a selected group of four countries (Germany, the United Kingdom, Denmark and Spain)."--Publisher.
Download or read book EU Labour Market Behaviour During the Great Recession written by Alfonso Arpaia and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper provides an analysis of the labour market adjustment to the 2008-2009 recession. It highlights differences in the response of employment and unemployment across countries and different socioeconomic groups. For all EU Member States, it provides evidence of the developments during the crisis of the monthly job finding and separation rates. This helps to assess whether the increase in unemployment is due to an increase of job separation or to a decline in the job finding rate. The paper discusses the risks of jobless growth and compares the dynamics of unemployment and employment across different periods. It provides evidence of an asymmetric response over the cycle, with recessions being characterised by more job destruction than by job creation in the following recoveries. The analysis of the wage dynamics suggests that there has been an adjustment in the compensation per employee led by the variable component; yet, this has not been sufficient to avoid the increase in the nominal unit labour costs due to labour hoarding."--Publication information page.
Download or read book Labour Market Adjustment and Labour Market Reforms in Greece During the Crisis written by Theodora Kosma and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recession that followed the global financial crisis and the sovereign debt crisis resulted in large falls in output and rises in unemployment across Europe. In this context, many countries implemented significant reforms of their labour market. In order to analyse the impact of labour market reforms and investigate how firms adjusted to the shocks affecting them, the European System of Central Banks (ESCB) conducted a third wave of the Wage Dynamics Network survey in 2014-2015. This paper describes the main findings of the Greek survey. The results show that the decline in economic activity, during the period 2010-2013, had a significant negative impact on Greek firms' activity. Greek firms reacted to shocks by adjusting both labour input and wages, and reforms seem to have made it easier for this adjustment to take place.
Download or read book Worker Flows and Labour Market Adjustment During the Great Recession written by Hartmut Lehmann and published by . This book was released on 2016 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes how the labor market adjusts to the Great Recession. To this aim, we use the data for Latvia, a country that has experienced one of the most severe recessions in Europe and a subsequent remarkable recovery. Employing longitudinal EU SILC data and a panel data set constructed by us from various waves of the Latvian Labour Force Survey (LLFS), we estimate worker transitions between labor market states. Labor market adjustment takes place predominantly at the extensive margin since it is driven by flows from permanent wage employment to unemployment. We also show that older, non-Latvian and above all less skilled workers are especially hard hit by the economic crisis. Estimated transitions between four mutually exclusive occupational groups demonstrate that downward mobility is very limited even during the Great Recession. Finally, wage regressions suggest that job mobility is not associated with increased labour productivity during and immediately after the crisis.
Download or read book Labor Migration EU Enlargement and the Great Recession written by Martin Kahanec and published by Springer. This book was released on 2016-05-11 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume extends and deepens our knowledge about cross-border mobility and its role in an enlarged EU. More specifically, its main purpose is to enlighten the growing and yet rather uninformed debate about the role of post-enlargement migration for economic adjustment in the crisis-stricken labor markets of the Eurozone and the EU as a whole. The book addresses the political economy aspects of post-enlargement migration, including its broader political contexts, redistributive impacts, but also nationalization of the enlargement agenda. It also covers the experience of receiving and sending countries with post-enlargement migration and its role during the current crisis. Renowned experts in the field study, whether and how post-enlargement mobility has enabled the EU to absorb asymmetric economic shocks, how it has affected the European welfare systems, and whether it has contributed to the sustainability of the Eurozone. The authors also evaluate brain circulation as a sought-after vehicle of improved allocative efficiency of EU labor markets and propose a policy agenda for mobility in an enlarged EU.
Download or read book The Rise of Precarious Employment in Europe written by Ilias Livanos and published by Emerald Group Publishing. This book was released on 2019-01-14 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines precarious employment in Europe through the economic crisis. It draws on two main sources: theories of how the financial and debt crisis coupled with labour market reforms to exacerbate precarity in the workforce; and data from the European Labour Force Survey from 2005-12, capturing various aspects of precarious employment.
Download or read book Economic Crisis and Structural Reforms in Southern Europe written by Paolo Manasse and published by Routledge. This book was released on 2017-12-12 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years the countries of southern Europe have undergone, with varying intensity, a serious and prolonged economic crisis. Most have had to implement comprehensive economic adjustment programmes, including a wide range of structural reforms. Economic Crisis and Structural Reforms in Southern Europe examines these reforms, drawing policy lessons from their successes and failures. This book employs two basic strands of analysis: issues of policy design, and political economy considerations. It considers the choice of timing and sequencing of reforms, the choice of the appropriate policy instruments, the pressure of interest groups and the political calculations involved in reforms. Featuring chapters in which contributors explore both national cases of specific structural reforms, and a comparative approach in order to evaluate similar reforms across countries, this important and topical work explores ongoing issues within the economy. Focusing on the challenges of designing and implementing structural reforms under conditions of crisis, this book will be of interest to policy makers and researchers from national and international organizations as well as academics and members of research institutes interested in the economics and politics of the Eurozone crisis.
Download or read book Public Sector Shock written by Daniel Vaughan-Whitehead and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 657 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔThis is a fascinating, rich and comprehensive analytical account of the causes and consequences of austerity measures affecting the public sector in terms of pay and employment. The editors have assembled a broad array of contributions that really reflect the diversity within Europe, both in terms of how deep the financial crisis hit, and the drivers of public sector reforms. An absorbing and thought-provoking read.Õ Ð Jacqueline OÕReilly, University of Brighton, UK After a first series of policy responses to the 2008Ð09 crisis aimed at sustaining domestic demand through expansionary anti-crisis packages, most European governments Ð starting with Greece, Ireland, Bulgaria and Romania, and followed by many others Ð have since put in place a series of restrictive budgetary policies aimed at reducing their budget deficits. With these new policies, a significant number of jobs and wages have been cut in the public sector. A number of expenditure items related to education and training have also been cut. These reforms have given rise to waves of protest throughout Europe. The goal of this volume is to study this Ôpublic sector shockÕ. While budgetary reforms seek to ensure a more balanced and sound economic policy, they may generate new work inequalities among public sector employees, most particularly among women, who account for a considerable proportion of public sector employment. Cuts in education and training may also have an impact on the quality of human capital in both the public and private sectors, despite the fact that the recent crisis has shown the value of education as employees with better skills and training are more likely to maintain their jobs and incomes. The authors explore a number of questions, including: what types of reform have been implemented in the public sector and what are their implications in both the short and long term? On the economic side, what will be the impact on wages, and on job quantity and quality? On the social side, what will the effects be on inequality and social cohesion? And what will be the outcome for, and potential role of, social partners and social dialogue? On the basis of a comparative and comprehensive assessment, illustrated by case studies in education, health and public administration, policy issues are discussed with the aim of finding the right mix of public sector reforms.
Download or read book Structural Adjustment in Europe written by Pauline Creasey and published by Burns & Oates. This book was released on 1987 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
