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Inequalities In The European Union Labour Market. An Analysis Focused On Vulnerable Groups

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  • Gina Cristina DIMIAN

    (The Bucharest University of Economic Studies, Department of Econometrics and Statistics, Romania)

Abstract

The main aim of the paper is to explore the dynamics of unemployment in recent years with a focus on so-called vulnerable groups on the labor market: young, older and persons with low education. For achieving this objective European Union countries were grouped into two categories starting from the four social models highlighted by Boeri (2002): Nordics, Anglo-Saxon and Continental, on the one hand, the Mediterranean and Central and Eastern European countries on the other. Using Okun Law model, the dynamic version, we tested the hypothesis that for the countries in the second category and the vulnerable groups, in recent years the unemployment rate has been influenced to a greater extent by the economic growth, directly related to the economies’ ability to create new jobs or to maintain the existing ones.

Suggested Citation

  • Gina Cristina DIMIAN, 2014. "Inequalities In The European Union Labour Market. An Analysis Focused On Vulnerable Groups," Journal of Social and Economic Statistics, Bucharest University of Economic Studies, vol. 3(2), pages 45-56, DECEMBER.
    • Handle: RePEc:aes:jsesro:v:3:y:2014:i:2:p:45-56
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    References listed on IDEAS

    as
    1. Gina Cristina Dimian & Bogdan Ileanu & Josef Jablonský & Jan Fábry, 2013. "Analysis of European Labour Market in the Crisis Context," Prague Economic Papers, Prague University of Economics and Business, vol. 2013(1), pages 50-71.
    2. Edward S. Knotek, 2007. "How useful is Okun's law?," Economic Review, Federal Reserve Bank of Kansas City, vol. 92(Q IV), pages 73-103.
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    More about this item

    Keywords

    Labour market; Vulnerable groups; GDP growth; Okun Law model; Inequalities;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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