Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/317413 
Year of Publication: 
2020
Citation: 
[Journal:] Journal of Business Economics and Management (JBEM) [ISSN:] 2029-4433 [Volume:] 21 [Issue:] 3 [Year:] 2020 [Pages:] 872-889
Publisher: 
Vilnius Gediminas Technical University, Vilnius
Abstract: 
A consequence of similar institutional conditions of domestic labor markets in Europe is the permanent occurrence of the "labor hoarding" phenomenon, which entails non-immediate adaptation of employment to production changes. The article verifies whether the phenomenon of labor hoarding occurs in the European Union countries and what is its level and the direction of changes between 1996 and 2016. The empirical study of employment adjustments to the production volume showed that in the examined period the phenomenon of labor hoarding occurred in all countries of the European Union (excluding Spain). Labor hoarding was accomplished through a slight adjustment of the number of employees to production changes. At the same time, it was noticed that the companies were more flexible with adjusting the number of hours worked. This was particularly evident during global crises and was the consequence of other vital changes in national economies.
Subjects: 
productivity
business cycle
labor hoarding
changes
European Union countries
global crises
JEL: 
J23
E32
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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