The aim of the paper is to investigate the short-term (joint) dynamics of both employment and productivity during the economic down cycles in the EU economies over the past 20 years. Disentangling the shift in labour demand into a change of employment-productivity schedule and a movement along it, we focus on the last 2-3 crises, highlighting the peculiarities of the last recession. Namely, we demonstrate that many of the EU countries do not follow the RBC pattern. We also suggest some possible institutional fundamentals that could explain this phenomenon
Crises and Joint Employment-Productivity Dynamics: A Comparative Perspective for European Countries
MARELLI, Enrico Piero;
2012-01-01
Abstract
The aim of the paper is to investigate the short-term (joint) dynamics of both employment and productivity during the economic down cycles in the EU economies over the past 20 years. Disentangling the shift in labour demand into a change of employment-productivity schedule and a movement along it, we focus on the last 2-3 crises, highlighting the peculiarities of the last recession. Namely, we demonstrate that many of the EU countries do not follow the RBC pattern. We also suggest some possible institutional fundamentals that could explain this phenomenonFile in questo prodotto:
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