The joint impact of labour policies and the "Great Recession" on unemployment in Europe

Dal Bianco, Silvia and Bruno, Randolph L. and Signorelli, Marcello (2015) The joint impact of labour policies and the "Great Recession" on unemployment in Europe. Economic Systems, 39 (1). pp. 3-26. ISSN 0939-3625

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Official URL: http://dx.doi.org/10.1016/j.ecosys.2014.06.002

Abstract

The paper consists of an empirical analysis of the separate as well as joint impacts on total and youth unemployment of indicators of labour market policies on the one hand, and the financial crisis associated with the "Great Recession" on the other. In particular, we investigate labour market data in the past two decades for the Enlarged Europe and adopt a variable accounting for the idiosyncratic severity shock of the crisis. This time-varying and country-specific crisis variable enables us to test empirically and in a novel way the joint impact of labour market policies and the economic crisis on labour market dynamics even when accounting for common macro shocks.

Item Type: Article
Uncontrolled Keywords: unemployment; youth unemployment; crisis; Labour market policies
Subjects: 300 Social sciences > 320 Political science
300 Social sciences > 330 Economics
Department: Guildhall School of Business and Law
Depositing User: Silvia Dal Bianco
Date Deposited: 02 Nov 2015 09:45
Last Modified: 02 Nov 2015 09:45
URI: http://repository.londonmet.ac.uk/id/eprint/823

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