Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/103548
Authors: 
Hogrefe, Jan
Sachs, Andreas
Year of Publication: 
2014
Series/Report no.: 
ZEW Discussion Papers 14-083
Abstract: 
We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected European economies. Our measure of sectoral labor reallocation is adjusted for aggregate influences and the remaining variation is linked to unemployment in country specific dynamic models. For Spain, the ADL-model estimation reveals a significant impact of sectoral reallocation on unemployment that goes beyond usual business cycle patterns. In Italy, there is weaker yet detectable evidence for this mechanism. In Ireland, Portugal and France, no significant influence of sector level shocks on unemployment is found. The results emphasize the potential structural supply side policies have for reducing unemployment in Spain.
Subjects: 
unemployment
sectoral shocks
labor reallocation
Europe
JEL: 
E24
J62
J64
Document Type: 
Working Paper

Files in This Item:
File
Size
427.69 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.