IDEAS home Printed from https://ideas.repec.org/a/nbb/ecrart/y2012mseptemberiiip45-54.html
   My bibliography  Save this article

Euro area labour markets and the crisis

Author

Listed:
  • J. De Mulder

    (National Bank of Belgium, Research Department)

  • Druant, M.

    (National Bank of Belgium, Research Department)

Abstract

The article summarises the main findings of the Eurosystem’s 2012 Structural Issues Report (SIR) and highlights some specific aspects for Belgium. It describes the main developments on euro area labour markets since the start of the Great Recession and its impact on mismatches and long-term unemployment. The ensuing policy conclusions refer to detrimental factors like wage rigidities, hysteresis and labour market segmentation and aim at increasing labour market flexibility so as to facilitate the ECB’s price-stability-oriented monetary policy.

Suggested Citation

  • J. De Mulder & Druant, M., 2012. "Euro area labour markets and the crisis," Economic Review, National Bank of Belgium, issue ii, pages 45-54, September.
  • Handle: RePEc:nbb:ecrart:y:2012:m:september:i:ii:p:45-54
    as

    Download full text from publisher

    File URL: https://www.nbb.be/en/articles/euro-area-labour-markets-and-crisis-1
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. H. Zimmer, 2012. "Labour market mismatches," Economic Review, National Bank of Belgium, issue ii, pages 55-68, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Duarte, Cláudia & Maria, José R. & Sazedj, Sharmin, 2020. "Trends and cycles under changing economic conditions," Economic Modelling, Elsevier, vol. 92(C), pages 126-146.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gert Bijnens & Joep Konings, 2018. "Declining Business Dynamism," Working Papers of Department of Economics, Leuven 614199, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    2. Tsampra, Maria & Bouranta, Nancy & Gkerats, Reveka, 2017. "Regional patterns of employability in the Greek Labour market," MPRA Paper 82275, University Library of Munich, Germany.
    3. Dag Kolsrud, 2018. "Mismatch in the Norwegian Labour Market 2003–2013: Did Immigrants Make a Difference?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 137(3), pages 979-997, June.
    4. Jozef Konings & Luca Marcolin, 2014. "Do wages reflect labor productivity? The case of Belgian regions," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-21, December.
    5. Gert Bijnens & Jozef Konings, 2020. "Declining business dynamism in Belgium," Small Business Economics, Springer, vol. 54(4), pages 1201-1239, April.

    More about this item

    Keywords

    Great Recession; labour market; wages; mismatches; labour flows; long-term unemployment;
    All these keywords.

    JEL classification:

    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbb:ecrart:y:2012:m:september:i:ii:p:45-54. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bnbgvbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.