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Author: Theodora Kosma
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014-15 as a follow-up to the two previous WDN waves carried out in 2007 and 2009. The WDN survey collected information on wagesetting practices at the firm level. This third wave sampled about 25,000 firms in 25 European countries with the aim of assessing how firms adjusted wages and employment in response to the various shocks and labour market reforms that took place in the European Union (EU) during the period 2010-13. This paper summarises the main results of WDN3 by identifying some patterns in firms' adjustments and labour market reforms. It seeks to lay out the main lessons learnt from the survey in terms of both the general response of EU labour markets to the crisis and how these responses varied across the countries that took part in the survey.
Author: Theodora Kosma
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014-15 as a follow-up to the two previous WDN waves carried out in 2007 and 2009. The WDN survey collected information on wagesetting practices at the firm level. This third wave sampled about 25,000 firms in 25 European countries with the aim of assessing how firms adjusted wages and employment in response to the various shocks and labour market reforms that took place in the European Union (EU) during the period 2010-13. This paper summarises the main results of WDN3 by identifying some patterns in firms' adjustments and labour market reforms. It seeks to lay out the main lessons learnt from the survey in terms of both the general response of EU labour markets to the crisis and how these responses varied across the countries that took part in the survey.
Author:
Publisher:
ISBN: 9789289928540
Category :
Languages : en
Pages : 74
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Book Description
Against the backdrop of continuing adjustment in EU labour markets in response to the Great Recession and the sovereign debt crisis, the European System of Central Banks (ESCB) conducted the third wave of the Wage Dynamics Network (WDN) survey in 2014-15 as a follow-up to the two previous WDN waves carried out in 2007 and 2009. The WDN survey collected information on wage-setting practices at the firm level. This third wave sampled about 25,000 firms in 25 European countries with the aim of assessing how firms adjusted wages and employment in response to the various shocks and labour market reforms that took place in the European Union (EU) during the period 2010-13. This paper summarises the main results of WDN3 by identifying some patterns in firms' adjustments and labour market reforms. It seeks to lay out the main lessons learnt from the survey in terms of both the general response of EU labour markets to the crisis and how these responses varied across the countries that took part in the survey.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264177183
Category :
Languages : en
Pages : 302
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Book Description
This publication presents recent evidence and analytical work on the impact and future perpectives of demographic trends in the workforce, taking also into account education, skills and geographical mobility.
Author: OECD
Publisher: OECD Publishing
ISBN: 9789264177178
Category :
Languages : en
Pages : 300
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Book Description
This publication presents recent evidence and analytical work on the impact and future perpectives of demographic trends in the workforce, taking also into account education, skills and geographical mobility.
Author: Julian Messina
Publisher: Edward Elgar Publishing
ISBN: 184542896X
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
. . . the book is an interesting contribution to the literature on labour market practices in Europe. The important statistics and analysis conducted by the authors in the book have important implications for scholars in the international entrepreneurship field wanting to know more about the diverse labour practices in Europe. Vanessa Ratten, Journal of International Entrepreneurship It is now widely accepted that expansionary fiscal or monetary policies alone are unlikely to help Europe s ailing economies. Solving Europe s economic problems requires reform of the economic institutions that influence economic activity and the way the economy responds to macroeconomic shocks. This volume employs novel approaches to the study of some of these institutions. The group of contributors in this book come from academia and international organizations in Europe and the USA. They focus on trade unions, which affect real-wage flexibility and the provision of training to workers. They also concentrate on employment protection legislation, which discourages firms from firing old workers and also from hiring new ones. The structure of housing market imperfections that can greatly affect regional mobility is also discussed. Labour economists and scholars of European studies, as well as economic policymakers, will read Labour Market Adjustments in Europe with great interest.
Author: Janine Leschke
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The economic crisis which began in most European countries in mid-2008 has had severe effects on labour markets. Although no country has escaped the crisis, the extent of output losses and the number of jobs lost, as well as the resulting rise in unemployment, vary considerably between countries. In order to shed light on this issue, this paper examines empirically how the current economic crisis has affected the different European economies in terms of the impact on output, and the knock-on effects, influenced by the specific institutional frameworks, on employment and unemployment. On the basis of comparable quarterly Eurostat data the differences between countries in terms of the way that the loss of output is translated into falls in working hours and head-count employment and rises in unemployment are analysed. A range of institutional factors expected to influence the transmission from output to employment and unemployment is examined for a selected group of four countries (Germany, the United Kingdom, Denmark and Spain).
Author: Daniel Vaughan-Whitehead
Publisher: Edward Elgar Publishing
ISBN: 0857937510
Category : Social Science
Languages : en
Pages : 617
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Book Description
'Who are the losers and the occasional winners in the current economic crisis? How have employers responded to the slump in economic growth? What lessons can be learned both from their and government labour policies? Daniel Vaughan-Whitehead, and a team of leading researchers address these questions applying the latest data and research including company case studies from across Europe, including Turkey and the transition economies. They observe some similarities, but also enormous differences. They find novel answers as the policies developed over the past two decades to foster greater flexibility have altered the way firms respond to market changes. Are all these changes socially desirable? The authors are to be congratulated for providing such a detailed panorama and frank assessment which will be of value to both academic and policy readers.' David Marsden, London School of Economics, UK 'Since the successive crises erupted the increase in inequality has not been addressed. This important publication offers a comprehensive overview of recent developments in the workplace. It will help to promote a different policy agenda that is desperately needed to overcome the causes and consequences of the crisis, namely addressing work inequalities.' Philippe Pochet, Catholic University of Louvain la Neuve, Belgium, and General Director of the European Trade Union Institute (ETUI), Brussels, Belgium Work Inequalities in the Crisis provides an in-depth overview of the effects of the crisis on inequalities in the world of work. It examines these inequalities multi-dimensionally, looking at employment, wages and incomes, working conditions and social dialogue. At the same time, it investigates whether the crisis may halt the progress made in Europe towards better quality jobs and working conditions. This book offers a unique combination of research, case studies and policy discussions. An assessment of national trends in 30 European countries precedes case studies of 14 of them, in which noted European specialists report on individual enterprises or sectors. The volume's survey of national- and local-level policy solutions contributes to identifying those responses that strengthen economic competitiveness, preserve social cohesion and do not deepen inequalities. This timely resource will be of particular interest to academics, students and researchers in labour economics, to policymakers, and to those involved in European studies more generally.
Author: Vassilis Monastiriotis
Publisher:
ISBN: 9789279869471
Category :
Languages : en
Pages : 53
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Book Description
This Research Note seeks to analyse how these diverse country experiences played out in the labour markets of the 28 countries of the European Union. To do so, it relies on a novel application of a standard micro-econometric technique, which allows to ‘decompose’ temporal changes in unemployment into two broad components: one which concerns mainly the workings of the labour market (specifically, the mix of skills and other individual characteristics that are present in the labour market and the economic significance of these for sorting individuals between employment and unemployment); and one which captures wider influences onto the labour market, including ones that may be related to financial, fiscal and other macroeconomic and institutional factors. Based on this decomposition, it offers an analysis of how the ‘external shock’ (second component) and ‘internal adjustment’ (first component) shaped the overall unemployment evolutions in each of the 28 countries of the EU across different sub-periods – from a few years before the eruption of the global financial crisis (2004) until the recent recovery (2016). As a further piece of analysis, the Research Note examines the changes in non-standard (part-time and temporary) and atypical employment (irregular hours, shift-working) during the same period, trying to see how changes in these forms of ‘flexible labour’ may correlate to the aggregate changes in unemployment as well as to its components as identified here. The analysis reveals significant variations across countries across a number of dimensions: the extent of exposure to the negative shock of the crisis; the timing and duration of the shock; the degree and pace of recovery afterwards; and, most importantly, the extent and type of labour market adjustments in relation to positive and negative shocks. Specifically, - in the period of the crisis, a large number of countries exhibited significant adjustment to the economic shock, which was predominantly driven by changes in how individual characteristics contributed to an individual’s probability of unemployment (intensified employment sorting); - still, in a minority of countries this type of adjustment (employment sorting) worked in the opposite direction, intensifying the unemployment change experienced; - in the post-crisis period adjustment dynamics became more diverse, with a larger group of countries exhibiting adverse adjustments and with overall unemployment following different dynamics across countries; - in all cases, adjustment dynamics seem to correlate only weakly to changes observed in non-standard and atypical employment (and thus to the overall extent of what can be called as ‘effective labour market flexibility’ – Monastiriotis and Tinsley, 2007), while types of adjustment seem to cut across different welfare regimes and ‘varieties’ of capitalism.
Author: Janine Leschke
Publisher:
ISBN:
Category :
Languages : en
Pages : 68
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Book Description
"This paper examines empirically how the current economic crisis has affected the different European economies in terms of the impact on output, and the knock-on effects, influenced by the specific institutional frameworks, on employment and unemployment. On the basis of comparable quarterly Eurostat data the differences between countries in terms of the way that the loss of output is translated into falls in working hours and head-count employment and rises in unemployment are analysed. A range of institutional factors expected to influence the transmission from output to employment and unemployment is examined for a selected group of four countries (Germany, the United Kingdom, Denmark and Spain)."--Publisher.
Author: Alfonso Arpaia
Publisher:
ISBN:
Category : Global Financial Crisis, 2008-2009
Languages : en
Pages : 0
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Book Description
"This paper provides an analysis of the labour market adjustment to the 2008-2009 recession. It highlights differences in the response of employment and unemployment across countries and different socioeconomic groups. For all EU Member States, it provides evidence of the developments during the crisis of the monthly job finding and separation rates. This helps to assess whether the increase in unemployment is due to an increase of job separation or to a decline in the job finding rate. The paper discusses the risks of jobless growth and compares the dynamics of unemployment and employment across different periods. It provides evidence of an asymmetric response over the cycle, with recessions being characterised by more job destruction than by job creation in the following recoveries. The analysis of the wage dynamics suggests that there has been an adjustment in the compensation per employee led by the variable component; yet, this has not been sufficient to avoid the increase in the nominal unit labour costs due to labour hoarding."--Publication information page.
