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A common economic crisis but contradictory responses : the European experience 2008-09

Author

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  • Kyloh, Robert.
  • Saget, Catherine.

Abstract

In the aftermath of the 2007 US initiated financial crisis, labour market conditions have deteriorated between mid-2008 and mid-2009 across all European countries with massive employment losses recorded in both advanced economies and emerging economies. However, policy responses to mitigate the economic and social effects of the crisis have differed dramatically across European countries confronted by this common challenge. The present paper documents the employment effects of these policy responses and shows that the gap in employment performance between advanced economies and emerging countries of Europe could widen after years of slow convergence, with negative consequences for social cohesion. It argues that strengthening multilateral coordination is needed to avoid a reversal in social and economic progress.

Suggested Citation

  • Kyloh, Robert. & Saget, Catherine., 2009. "A common economic crisis but contradictory responses : the European experience 2008-09," ILO Working Papers 994335573402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:994335573402676
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    File URL: http://www.ilo.org/public/libdoc/ilo/2009/109B09_99_engl.pdf
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    Cited by:

    1. Fiorio, Carlo V. & Saget, Catherine., 2010. "Reducing or aggravating inequality? : Preliminary findings from the 2008 financial crisis," ILO Working Papers 994564873402676, International Labour Organization.
    2. Yelda Yücel, 2015. "Response to the crisis and gender segregation in Turkey’s labour market," The Economic and Labour Relations Review, , vol. 26(2), pages 276-295, June.
    3. Gina Ioan, 2013. "Countercyclical Economic Policies in Times of Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(3), pages 126-131, June.
    4. Hyman, Richard., 2010. "Social dialogue and industrial relations during the economic crisis : innovative practices or business as usual?," ILO Working Papers 994545023402676, International Labour Organization.
    5. repec:ilo:ilowps:456487 is not listed on IDEAS
    6. repec:ilo:ilowps:454502 is not listed on IDEAS

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