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The Crisis, Policy Reactions and Attitudes to Globalization and Jobs

Author

Listed:
  • Bell, David N.F.

    () (University of Stirling)

  • Blanchflower, David G.

    () (Dartmouth College)

Abstract

We consider the effects of the financial crisis and subsequent recession on world labour markets. It begins by cataloguing the adverse effects on output of the sudden collapse in demand brought about by the financial crisis in what has come to be called the Great Recession. Next we look at the labour market and how employment and unemployment have been impacted and document the very different responses by country. We then move on to look at attitudinal indicators of the impact of the rising levels of joblessness we observe across most OECD countries. We examine data on well-being and on attitudes to employment. We also examine a number of questions about the impact of globalization that respondents across many European countries were asked in the Spring of 2010. Finally, we examine the policy responses of governments, and consider what lessons might be learned from the marked differences in labour market outcomes following the recession.

Suggested Citation

  • Bell, David N.F. & Blanchflower, David G., 2011. "The Crisis, Policy Reactions and Attitudes to Globalization and Jobs," IZA Discussion Papers 5680, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izadps:dp5680
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    Cited by:

    1. Markovits, Yannis & Boer, Diana & van Dick, Rolf, 2014. "Economic crisis and the employee: The effects of economic crisis on employee job satisfaction, commitment, and self-regulation," European Management Journal, Elsevier, vol. 32(3), pages 413-422.
    2. Hansen, Ellen. & Avila, Zulum., 2012. "Preliminary assessment of training and retraining programmes implemented in response to the Great Recession :," ILO Working Papers 994684193402676, International Labour Organization.
    3. repec:ilo:ilowps:468419 is not listed on IDEAS
    4. Marco Guerrazzi, 2015. "Animal spirits, investment and unemployment: An old Keynesian view of the Great Recession," Economia, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 16(3), pages 343-358.

    More about this item

    Keywords

    globalization; jobs;

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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