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

Silvia Dal Bianco*, Randolph Luca Bruno, Marcello Signorelli

*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

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.
Lingua originaleEnglish
pagine (da-a)3-26
Numero di pagine24
RivistaEconomic Systems
Volume39
DOI
Stato di pubblicazionePubblicato - 2015

Keywords

  • Crisis
  • Labour market policies
  • Unemployment
  • Youth unemployment

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