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Employment in Poland 2012. Labour Market During the Recovery from the Crisis

Editor

Listed:
  • Piotr Lewandowski
  • Iga Magda

Author

Listed:
  • Piotr Lewandowski
  • Marek Antosiewicz
  • Jan Baran
  • Iga Magda
  • Monika Potoczna
  • Maciej Lis
  • Joanna Tyrowicz
  • Agnieszka Kaminska
  • Jan Hagemejer
  • Karol Pogorzelski

Abstract

This edition of Employment in Poland is devoted to the analysis of the impact of the 2007-2009 global financial crisis (the so called Great Recession) on the labour market, and of the public finance and public debt crisis, which constitutes the direct consequence of a recession in some of the developed countries (especially in the Euro zone). The report has been divided into four parts. “The Great Recession” is the title of the first part. It focuses on the causes, the course and macroeconomic consequences of the crisis that started in 2008 in most of the EU and OECD countries. It aims at creating a complex image of the course of the Great Recession, and particularly at understanding its causes, mechanisms of transmission, evaluating the role of different mechanisms of adjustment and identifying multi-dimensional similarities and differences – both internationally and in comparison with the crises from the past. The second part is titled “The Great Recession and inequalities” and it is devoted to the diversification of the influence of the crisis on the situation of each of the socio-demographic groups on the labour market. It serves to identify the socio-demographic groups which were the most exposed to the negative effects of the changes of the economic situation, especially to the long-term joblessness. Such perspective is crucial for proper designing of government action and labour market policies. This part also raises the question of how the changes of the economic situation influenced the income distribution. Third part is devoted to the responses to the crisis of the policies and institutions; it is titled “Public policy in the face of crisis”. It focuses on the analysis of the impact of public intervention on the course of the crisis. The authors draw attention to the institutional conditions on the eve of the crisis, their international diversification from the perspective of the labour markets ability to absorb shocks. What is more, the analysis is carried out concerning the diverse responses used by the EU and OECD countries governments, and an attempt to evaluate their effectiveness is made. The fourth part, titled “Crisis of Public Finance and the Second Wave of Recession”, is a natural capstone of the report. It covers the subject of the importance of fiscal policy for the course of the Great Recession. The authors show how the condition of public finances in different countries changed before and during the crisis, and they reconstruct the processes and regularities occurring in the examined economies with an emphasis put on the role played by automatic stabilisers and discretional policies. Then the analysis is made concerning the collapse of public finance experienced by many countries during the second wave of the Great Recession. What is more, the question how the fiscal policy may be shaped in the future is posed.

Suggested Citation

  • Piotr Lewandowski & Marek Antosiewicz & Jan Baran & Iga Magda & Monika Potoczna & Maciej Lis & Joanna Tyrowicz & Agnieszka Kaminska & Jan Hagemejer & Karol Pogorzelski, 2013. "Employment in Poland 2012. Labour Market During the Recovery from the Crisis," Books and Reports published by IBS, Instytut Badan Strukturalnych, number zwp2012 edited by Piotr Lewandowski & Iga Magda, january.
  • Handle: RePEc:ibt:bookkk:zwp2012
    as

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    File URL: http://ibs.org.pl/app/uploads/2015/10/Zatrudnienie_w_Polsce_2012.pdf
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    References listed on IDEAS

    as
    1. Kalbaska, A. & Gątkowski, M., 2012. "Eurozone sovereign contagion: Evidence from the CDS market (2005–2010)," Journal of Economic Behavior & Organization, Elsevier, vol. 83(3), pages 657-673.
    2. Dolls, Mathias & Fuest, Clemens & Peichl, Andreas, 2012. "Automatic stabilizers and economic crisis: US vs. Europe," Journal of Public Economics, Elsevier, vol. 96(3), pages 279-294.
    3. Mauro, Paolo & Romeu, Rafael & Binder, Ariel & Zaman, Asad, 2015. "A modern history of fiscal prudence and profligacy," Journal of Monetary Economics, Elsevier, vol. 76(C), pages 55-70.
    4. Agustín S. Bénétrix & Philip R. Lane, 2012. "The Cyclical Conduct of Irish Fiscal Policy," The World Economy, Wiley Blackwell, vol. 35(10), pages 1277-1290, October.
    5. Valerie Cerra & Sweta Chaman Saxena, 2008. "Growth Dynamics: The Myth of Economic Recovery," American Economic Review, American Economic Association, vol. 98(1), pages 439-457, March.
    6. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "This Time is Different: A Panoramic View of Eight Centuries of Financial Crises," Annals of Economics and Finance, Society for AEF, vol. 15(2), pages 215-268, November.
    7. Reinhart, Carmen & Rogoff, Kenneth, 2009. "This Time It’s Different: Eight Centuries of Financial Folly-Preface," MPRA Paper 17451, University Library of Munich, Germany.
    8. Michael D. Bordo & Lars Jonung & Agnieszka Markiewicz, 2013. "A Fiscal Union for the Euro: Some Lessons from History ," CESifo Economic Studies, CESifo, vol. 59(3), pages 449-488, September.
    9. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters, in: This Time Is Different: Eight Centuries of Financial Folly, Princeton University Press.
    10. Reinhart, Carmen & Rogoff, Kenneth, 2009. "This Time It’s Different: Eight Centuries of Financial Folly-Chapter 1," MPRA Paper 17452, University Library of Munich, Germany.
    11. Karsten Staehr, 2010. "Inflation in the New EU Countries from Central and Eastern Europe : Theories and panel data estimations," Bank of Estonia Working Papers wp2010-06, Bank of Estonia, revised 26 May 2010.
    12. Dean Baker, 2011. "Work Sharing: The Quick Route Back to Full Employment," CEPR Reports and Issue Briefs 2011-15, Center for Economic and Policy Research (CEPR).
    13. Karsten Staehr, 2013. "Austerity in the Baltic states during the global financial crisis," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 48(5), pages 293-302, September.
    14. Jan Babecky & Kamil Dybczak, 2012. "Real Wage Flexibility in the European Union: New Evidence from the Labour Cost Data," Working Papers 2012/01, Czech National Bank.
    15. Stephen Cecchetti & Madhusudan Mohanty & Fabrizio Zampolli, 2010. "The future of public debt: prospects and implications," BIS Working Papers 300, Bank for International Settlements.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Shelest Olena, 2015. "Risk of Investments in Human Capital and Expected Worker Mobility," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 47(1), pages 82-106, September.

    More about this item

    Keywords

    employment; Poland; Great Recession;

    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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