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dc.contributor.authorHerwartz, Helmuten_US
dc.contributor.authorNiebuhr, Annekatrinen_US
dc.date.accessioned2011-10-13en_US
dc.date.accessioned2011-11-15T14:26:50Z-
dc.date.available2011-11-15T14:26:50Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/51323-
dc.description.abstractThe labor market effects of the recent financial and economic crisis are rather heterogeneous across countries and regions. Such differences in labor market performance among industrialized countries are an issue of ongoing research. The objective of this paper is to analyse labor market disparities among European regions and to provide evidence on the factors behind these differences. Whereas previous research focused on effects of national labor market institutions, we also take structural characteristics of regions into account and investigate differences in labor demand responsiveness and their potential determinants. The data set covers the NUTS2 regions in the EU15 for the period 1980 to 2008. We apply an error correction model that is combined with a spatial modeling approach in order to account for interaction among neighboring labor markets. Our findings point to substantially distinct labor demand responses to changes in output and wages among European countries and regions. Moreover, the rate of adjustment to disequilibrium is subject to a signifcant variation across units of observation. Whereas evidence on the significance of region specific variables as explanatory factors is weak, labor market institutions, especially regulations that affect the determination of wages, explain an important fraction of the disparities.en_US
dc.language.isoengen_US
dc.publisherHWWI Institute of International Economics Hamburgen_US
dc.relation.ispartofseriesHWWI research paper 112en_US
dc.subject.jelC23en_US
dc.subject.jelJ23en_US
dc.subject.jelR23en_US
dc.subject.ddc330en_US
dc.subject.keywordRegional labor marketsen_US
dc.subject.keywordlabor demanden_US
dc.subject.keywordinstitutionsen_US
dc.subject.keywordEuropeen_US
dc.subject.keyworderror correction modelen_US
dc.titleRegional labor demand and national labor market institutions in the EU15en_US
dc.typeWorking Paperen_US
dc.identifier.ppn669844136en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:hwwirp:112-
Appears in Collections:HWWI Research Papers, Hamburgisches WeltWirtschaftsInstitut

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