Crises and Joint Employment-Productivity Dynamics: A Comparative Perspective for European Countries
AbstractThe aim of the paper is to investigate the short-term joint dynamics of productivity and employment during the economic down cycles in the EU economies over the past 20 years. Disentangling the shift in labour demand into a change of employment-productivity schedule and a movement along it, we focus on the last 2-3 crises, highlighting the peculiarities of the last recession. Namely, we demonstrate that many of the EU countries – unlike the United States –do not follow the RBC pattern. We also suggest some possible institutional fundamentals that could explain this phenomenon.
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Bibliographic InfoPaper provided by Faculty of Economic Sciences, University of Warsaw in its series Working Papers with number 2010-14.
Length: 24 pages
Date of creation: 2010
Date of revision:
recession; employment and productivity dynamics; RBC; labour hoarding;
Other versions of this item:
- Enrico Marelli & Marcello Signorelli & Joanna Tyrowicz, 2012. "Crises and Joint Employment–Productivity Dynamics: A Comparative Perspective for European Countries," Comparative Economic Studies, Palgrave Macmillan, vol. 54(2), pages 361-394, June.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-11-13 (All new papers)
- NEP-EEC-2010-11-13 (European Economics)
- NEP-EFF-2010-11-13 (Efficiency & Productivity)
- NEP-EUR-2010-11-13 (Microeconomic European Issues)
- NEP-MAC-2010-11-13 (Macroeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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CEPR Discussion Papers
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IZA Discussion Papers
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American Economic Review,
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