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Labour markets and the crisis

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Abstract

The deep recession has led to a marked deterioration in labour market conditions in the OECD area. This paper, which draws heavily on other ongoing analytical work at the OECD, takes stock of recent labour market developments, highlights some of the key uncertainties in the early stages of the upturn, and discusses the policy options available to damp any further, structural deterioration in labour markets and facilitate an eventual, sustained, job-rich recovery. Les marchés du travail et la crise La profonde récession qui a frappé l’économie de la zone OCDE a entraîné une dégradation marquée de la situation des marchés du travail. Ce document examine l’évolution récente du marché du travail, quelquesunes des principales incertitudes pendant les phases initiales de la reprise et examine les options de politiques économiques disponibles pour amortir une nouvelle dégradation structurelle durable de leurs marchés du travail et faciliter à terme une reprise pérenne riche en emplois.

Suggested Citation

  • Oecd, 2010. "Labour markets and the crisis," OECD Economics Department Working Papers 756, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:756-en
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    File URL: http://dx.doi.org/10.1787/5kmh79sx13xr-en
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    1. Fernando Tenjo & Martha López, 2010. "Early Warning Indicators for Latin America," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 28(63), pages 232-259, December.
    2. Benigno, Pierpaolo & Paciello, Luigi, 2014. "Monetary policy, doubts and asset prices," Journal of Monetary Economics, Elsevier, vol. 64(C), pages 85-98.
    3. repec:wsi:gcrxxx:v:02:y:2012:i:01:n:s2010493612500031 is not listed on IDEAS
    4. Peter J Boettke & Daniel J. Smith & Nicholas A. Snow, 2011. "Been There Done That: The Political Economy of Déjà Vu," Chapters,in: The Global Financial Crisis, chapter 1 Edward Elgar Publishing.
    5. repec:bas:econth:y:2012:i:2:p:88-109 is not listed on IDEAS
    6. Hughes, Joseph P. & Mester, Loretta J., 2013. "Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function," Journal of Financial Intermediation, Elsevier, vol. 22(4), pages 559-585.
    7. Liang, Hsiao-Chen & Jang, Woan-Yuh, 2013. "Information asymmetry and monitoring in equity private placements," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(4), pages 460-475.
    8. David Allen & Robert Faff, 2012. "The Global Financial Crisis: some attributes and responses," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 52(1), pages 1-7, March.
    9. Démurger, Sylvie & Wang, Xiaoqian, 2016. "Remittances and expenditure patterns of the left behinds in rural China," China Economic Review, Elsevier, vol. 37(C), pages 177-190.
    10. Polito, Vito & Wickens, Michael, 2015. "Sovereign credit ratings in the European Union: A model-based fiscal analysis," European Economic Review, Elsevier, vol. 78(C), pages 220-247.
    11. Iivi Riivits-Arkonsuo & Kristel Kaljund & Anu Leppiman, 2014. "Consumer Journey from First Experience to Brand Evangelism," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 6(1).
    12. Siiri Same, 2014. "Experience Marketing in Country Branding: Theoretical Developments and an Estonian Case Study," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 6(1).
    13. Beniamino Moro, 2013. "The Run On Repo and the Liquidity Shortage Problems of the Current Global Financial Crisis: Europe vs. The US," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 2(1), pages 41-77, January.
    14. Markéta Lhotáková & Květa Olšanová, 2015. "Top Level Results of a Study of Czech Households´ Awareness of the Food Advertising Industry’s Self-Regulation Related to Children," Central European Business Review, University of Economics, Prague, vol. 2015(2), pages 48-59.
    15. Efing, Matthias & Hau, Harald, 2015. "Structured debt ratings: Evidence on conflicts of interest," Journal of Financial Economics, Elsevier, vol. 116(1), pages 46-60.
    16. repec:hur:ijaraf:v:7:y:2017:i:3:p:58-69 is not listed on IDEAS
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    18. Katarzyna Dziewanowska, 2015. "Dimensions of Real and Virtual Consumer Experiences," Faculty of Management Working Paper Series 42015, University of Warsaw, Faculty of Management.
    19. Peter Praet, 2010. "Building a more stable financial system : regulatory reform in a post-crisis perspective," Financial Stability Review, National Bank of Belgium, vol. 8(1), pages 115-126, June.
    20. Agarwal, Sumit & Chang, Yan & Yavas, Abdullah, 2012. "Adverse selection in mortgage securitization," Journal of Financial Economics, Elsevier, vol. 105(3), pages 640-660.
    21. Ragoobar, Tricia & Whalley, Jason & Harle, David, 2011. "Public and private intervention for next-generation access deployment: Possibilities for three European countries," Telecommunications Policy, Elsevier, vol. 35(9), pages 827-841.
    22. Opp, Christian C. & Opp, Marcus M. & Harris, Milton, 2013. "Rating agencies in the face of regulation," Journal of Financial Economics, Elsevier, vol. 108(1), pages 46-61.
    23. repec:eee:riibaf:v:41:y:2017:i:c:p:387-398 is not listed on IDEAS
    24. Kevin Davis, 2012. "Bank Capital Adequacy: Where to Now?," Chapters,in: Regulatory Failure and the Global Financial Crisis, chapter 4 Edward Elgar Publishing.
    25. Chevallier, Julien, 2012. "Global imbalances, cross-market linkages, and the financial crisis: A multivariate Markov-switching analysis," Economic Modelling, Elsevier, vol. 29(3), pages 943-973.

    More about this item

    Keywords

    chômage; crise; crisis; emploi; employment; policy; Politique; recovery; reprise; unemployment;

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General

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