The impact of the economic crisis on the EU labour market: a comparative perspective

Pasquale Tridico

No 153, Departmental Working Papers of Economics - University 'Roma Tre' from Department of Economics - University Roma Tre

Abstract: The objective of this paper is to explore why some countries perform better than others in managing the current economic crisis, which started in 2007 in the US financial sector. I will elaborate on this question using the Crisis Management Index, taking into consideration GDP and labour market performance among European Union member states. My findings conclude that countries which performed better during the economic crisis of 2007-2011 are countries which do not have a flexible labour market and have managed to keep stable employment levels. These countries combine a very good mix of economic policies and social institutions oriented to stabilize the level of consumption and the aggregate demand. Coordination mechanisms, higher level of financial regulation and monitoring are also important features of these economies. Clearly, this group of countries identifies better, in the EU, a coordinated market economy model.

Keywords: Financial crisis; Labour market; EU Crisis management; Comparative studies (search for similar items in EconPapers)
JEL-codes: G10 H12 J10 O57 (search for similar items in EconPapers)
Date: 2012-05
New Economics Papers: this item is included in nep-eec and nep-eur
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://dipeco.uniroma3.it/public/WP%20153%20Tridico%20aggiornato%202012.pdf

Related works:
Journal Article: The impact of the economic crisis on EU labour markets: A comparative perspective (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rtr:wpaper:0153

Access Statistics for this paper

More papers in Departmental Working Papers of Economics - University 'Roma Tre' from Department of Economics - University Roma Tre Via Silvio d'Amico 77, - 00145 Rome Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Telephone for information ().