Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154612
Authors: 
Anderton, Robert
Jarvis, Valerie
Szörfi, Béla
Périnet, Mathilde
Petroulas, Pavlos
Bonthuis, Boele
Beck Nelleman, Peter
Conefrey, Thomas
Soosaar, Orsolya
Nicolitsas, Daphne
Izquierdo, Mario
Verdugo, Gregory
Tommasino, Pietro
Zizza, Roberta
Guarda, Paolo
Veiga, Cindy
Stiglbauer, Alfred
Maria, José R.
Micuch, Marek
Year of Publication: 
2015
Series/Report no.: 
ECB Occasional Paper 159
Abstract: 
The global financial and economic crisis – including two euro area recessions in 2008-2009 and 2011-2013 – has had a heavy impact on euro area labour markets. A notable feature throughout the crisis has been the considerable degree of cross-country heterogeneity of labour market adjustments – with some economies emerging relatively unscathed, while others have seen steep and persisting increases in unemployment. This paper analyses the impacts of the crisis on euro area labour markets, paying particular attention to the differential impact of the two euro area recessions of the crisis and the interplay of sectoral and institutional features driving labour market outcomes. Despite ongoing structural reforms in some euro area countries, progress has been partial and uneven across the euro area. Further reductions in labour market rigidities are necessary to increase and accelerate the adjustment capacity of euro area labour markets and help reduce the current high levels of structural unemployment.
Subjects: 
employment
Labour Demand
Labour Force
migration
Skill
Underemployment
unemployment
Vacancies
wages
Youth
JEL: 
E24
J08
J21
J23
J24
J30
J61
J63
J64
Document Type: 
Research Report

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