Crises and Joint Employment–Productivity Dynamics: A Comparative Perspective for European Countries
AbstractThis paper investigates the short-term joint dynamics of productivity and employment during economic down cycles in EU economies over the past 20 years. We disentangle changes in output into changes in employment and in productivity. We focus on the last two decades, highlighting the peculiarities of the latest recession. In particular, we show that there have been four major types of adjustments caused by the fall in output in Europe. We also suggest some possible fundamental institutional aspects that could explain both this phenomenon and peculiarities of this last recession.
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Comparative Economic Studies.
Volume (Year): 54 (2012)
Issue (Month): 2 (June)
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Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
Other versions of this item:
- Enrico Marelli & Marcello Signorelli & Joanna Tyrowicz, 2010. "Crises and Joint Employment-Productivity Dynamics: A Comparative Perspective for European Countries," Working Papers 2010-14, Faculty of Economic Sciences, University of Warsaw.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- 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
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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