IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

Comparing Labor Market Performance: Some Stylized Facts and Key Findings

  • Josef C Brada


    (Department of Economics, Arizona State University, Tempe, AZ 85287-3806, USA.)

  • Marcello Signorelli


    (Department of Economics, Finance and Statistics, University of Perugia, via A. Pascoli, 20, 06123 Perugia, Italy.)

Comparative evidence based on key labor market performance indicators is discussed for the US, Japan and Europe in a long-run perspective and, especially, showing the impact of the financial crisis and Great Recession. As for Europe, the huge national and regional level differences are highlighted. In addition, some key findings on labor market performance raised by the empirical studies published in this issue are briefly presented in the wider context of the existing literature and their policy implications are explored.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: Link to full text PDF
Download Restriction: Access to full text is restricted to subscribers.

File URL:
File Function: Link to full text HTML
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Palgrave Macmillan in its journal Comparative Economic Studies.

Volume (Year): 54 (2012)
Issue (Month): 2 (June)
Pages: 231-250

in new window

Handle: RePEc:pal:compes:v:54:y:2012:i:2:p:231-250
Contact details of provider: Web page:

Order Information: Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
Web: Email:

References listed on IDEAS
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.:

as in new window
  1. Enrico Marelli & Misbah T. Choudhry & Marcello Signorelli, 2013. "Youth and total unemployment rate: the impact of policies and institutions," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 121(1), pages 63-86.
  2. Horst Feldmann, 2007. "Economic Freedom and Unemployment around the World," Southern Economic Journal, Southern Economic Association, vol. 74(1), pages 158-176, July.
  3. Sergio Destefanis & Giuseppe Mastromatteo, 2010. "Labour-market performance in the OECD: some recent cross-country evidence," International Journal of Manpower, Emerald Group Publishing, vol. 31(7), pages 713-731, November.
  4. Misbah Tanveer Choudhry & Enrico Marelli & Marcello Signorelli, 2012. "Youth unemployment rate and impact of financial crises," International Journal of Manpower, Emerald Group Publishing, vol. 33(1), pages 76-95, June.
  5. Cristiano Perugini & Marcello Signorelli, 2007. "Labour Market Performance Differentials and Dynamics in EU-15 Countries and Regions," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 4(2), pages 209-262, September.
  6. Giuseppe Fiori & Giuseppe Nicoletti & Stefano Scarpetta & Fabio Schiantarelli, 2007. "Employment Outcomes and the Interaction Between Product and Labor Market Deregulation: Are They Substitutes or Complements?," Boston College Working Papers in Economics 663, Boston College Department of Economics, revised 08 Aug 2008.
  7. Belot, M.V.K. & van Ours, J.C., 2000. "Does the Recent Success of some OECD Countries in Lowering their Unemployment Rates lie in the Clever Design of their Labour Market Reforms?," Discussion Paper 2000-40, Tilburg University, Center for Economic Research.
  8. Lorenzo E Bernal-Verdugo & Davide Furceri & Dominique Guillaume, 2012. "Labor Market Flexibility and Unemployment: New Empirical Evidence of Static and Dynamic Effects," Comparative Economic Studies, Palgrave Macmillan, vol. 54(2), pages 251-273, June.
  9. Enrico Marelli & Marcello Signorelli, 2010. "Employment, productivity and models of growth in the EU," International Journal of Manpower, Emerald Group Publishing, vol. 31(7), pages 732-754, November.
  10. Olga Demidova & Marcello Signorelli, 2012. "Determinants of youth unemployment in Russian regions," Post-Communist Economies, Taylor & Francis Journals, vol. 24(2), pages 191-217, January.
  11. Stephen Nickell, 1997. "Unemployment and Labor Market Rigidities: Europe versus North America," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 55-74, Summer.
  12. Corsini, Lorenzo, 2012. "Unemployment Insurance Schemes, Liquidity Constraints and Re-employment: a three Country Comparison," MPRA Paper 36572, University Library of Munich, Germany.
  13. Lilien, David M, 1982. "Sectoral Shifts and Cyclical Unemployment," Journal of Political Economy, University of Chicago Press, vol. 90(4), pages 777-93, August.
  14. Blanchard, Olivier & Wolfers, Justin, 2000. "The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence," Economic Journal, Royal Economic Society, vol. 110(462), pages C1-33, March.
  15. Giuseppe Croce & Emanuela Ghignoni, 2012. "Demand and Supply of Skilled Labour and Overeducation in Europe: A Country-level Analysis," Comparative Economic Studies, Palgrave Macmillan, vol. 54(2), pages 413-439, June.
  16. Mario Pianta & Matteo Lucchese, 2012. "Innovation and employment in economic cycles," Working Papers 1203, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2012.
  17. Garcilazo, Jose Enrique & Spiezia, Vincenzo, 2007. "Regional Unemployment Clusters: Neighborhood and State Effects in Europe and North America," The Review of Regional Studies, Southern Regional Science Association, vol. 37(3), pages 282-302.
  18. Hölscher, Jens & Marelli, Enrico & Signorelli, Marcello, 2010. "China and India in the global economy," Economic Systems, Elsevier, vol. 34(3), pages 212-217, September.
  19. Fabio R Arico & Ulrike Stein, 2012. "Was Short-Time Work a Miracle Cure During the Great Recession? The Case of Germany and Italy," Comparative Economic Studies, Palgrave Macmillan, vol. 54(2), pages 275-297, June.
  20. O'Higgins, Niall, 2012. "This Time It's Different? Youth Labour Markets During 'The Great Recession'," IZA Discussion Papers 6434, Institute for the Study of Labor (IZA).
  21. 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.
  22. Stephen Nickell & Luca Nunziata & Wolfgang Ochel, 2005. "Unemployment in the OECD Since the 1960s. What Do We Know?," Economic Journal, Royal Economic Society, vol. 115(500), pages 1-27, 01.
  23. Oana Calavrezo & Fran�ois Lodin, 2012. "Short-Time Working Arrangements in France During the Crisis: An Empirical Analysis of Firms and Employees," Comparative Economic Studies, Palgrave Macmillan, vol. 54(2), pages 299-320, June.
  24. Glenda Quintini & Thomas Manfredi, 2009. "Going Separate Ways? School-to-Work Transitions in the United States and Europe," OECD Social, Employment and Migration Working Papers 90, OECD Publishing.
  25. Robert Shimer, 2005. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies," American Economic Review, American Economic Association, vol. 95(1), pages 25-49, March.
  26. Werner Eichhorst & Michael Feil & Paul Marx, 2010. "Crisis, What Crisis? Patterns of Adaptation in European Labor Markets," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 61(Supplemen), pages 29-64.
  27. Allen, Jim & van der Velden, Rolf, 2001. "Educational Mismatches versus Skill Mismatches: Effects on Wages, Job Satisfaction, and On-the-Job Search," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 434-52, July.
  28. Enrico Marelli & Roberto Patuelli & Marcello Signorelli, 2011. "Regional Unemployment in the EU before and after the Global Crisis," Working Paper Series 39_11, The Rimini Centre for Economic Analysis, revised Jan 2012.
  29. Pissarides, Christopher A & McMaster, Ian, 1990. "Regional Migration, Wages and Unemployment: Empirical Evidence and Implications for Policy," Oxford Economic Papers, Oxford University Press, vol. 42(4), pages 812-31, October.
  30. Enrico Marelli & Marcello Signorelli, 2011. "China and India: Openness, Trade and Effects on Economic Growth," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 8(1), pages 129-154, June.
  31. Cristiano Perugini & Marcello Signorelli, 2010. "Youth labour market performance in European regions," Economic Change and Restructuring, Springer, vol. 43(2), pages 151-185, May.
  32. Marcello Signorelli, 1997. "Uncertainty, Flexibility Gap and Labour Demand in the Italian Economy," LABOUR, CEIS, vol. 11(1), pages 141-175, 04.
  33. Mauro, Luciano & Carmeci, Gaetano, 2003. "Long run growth and investment in education: Does unemployment matter?," Journal of Macroeconomics, Elsevier, vol. 25(1), pages 123-137, March.
  34. Floro Ernesto Caroleo & Francesco Pastore, 2007. "The Youth Experience Gap: Explaining Differences across EU Countries," Quaderni del Dipartimento di Economia, Finanza e Statistica 41/2007, Università di Perugia, Dipartimento Economia.
  35. David R. Howell & Miriam Rehm, 2009. "Unemployment compensation and high European unemployment: a reassessment with new benefit indicators," Oxford Review of Economic Policy, Oxford University Press, vol. 25(1), pages 60-93, Spring.
  36. Jackman, R & Roper, S, 1987. "Structural Unemployment," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 49(1), pages 9-36, February.
  37. Andrea Bassanini & Romain Duval, 2009. "Unemployment, institutions, and reform complementarities: re-assessing the aggregate evidence for OECD countries," Oxford Review of Economic Policy, Oxford University Press, vol. 25(1), pages 40-59, Spring.
  38. Jens J. Krüger, 2008. "Productivity And Structural Change: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 22(2), pages 330-363, 04.
  39. Marcello Signorelli & Misbah Choudhry & Enrico Marelli, 2012. "The Impact of Financial Crises on Female Labour," The European Journal of Development Research, Palgrave Macmillan, vol. 24(3), pages 413-433, July.
  40. Feldmann, Horst, 2009. "The unemployment effects of labor regulation around the world," Journal of Comparative Economics, Elsevier, vol. 37(1), pages 76-90, March.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:pal:compes:v:54:y:2012:i:2:p:231-250. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Daniel Foley)

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.