Sectoral explanations of employment in Europe - the role of services

D’Agostino, Antonello (), Roberta Serafini () and Ward-Warmedinger, Melanie ()
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D’Agostino, Antonello: Central Bank and Financial Service Authority of Ireland, PO Box 559, Dame Street, Dublin 2, Ireland., http://www.centralbank.ie/
Roberta Serafini: ISAE and European Central Bank, Kaiserstrasse 29, 60311, Frankfurt am Main, Germany., http://www.ecb.europa.eu/home/html/index.en.html
Ward-Warmedinger, Melanie: IZA and European Central Bank, Kaiserstrasse 29, 60311 Frankfurt am Main, Germany., http://www.ecb.europa.eu/home/html/index.en.html
Authors registered in the RePEc Author Service: Antonello D'Agostino ()

No 625, Working Paper Series from European Central Bank

Abstract: This paper investigates the determinants of the service sector employment share in the EU-15, for the aggregate service sector, four sub-sectors and twelve service sector branches. Recently, both Europe and the US have experienced an increase in the share of service-related jobs in total employment. Although converging in all European countries, a significant gap in the share of service jobs in Europe relative to the US persists. Understanding the main factors behind this gap is key to achieving higher employment levels in Europe. This paper focuses on the role of barriers in the EU-15 which may have hindered its ability to absorb labour supply and therefore to adjust efficiently to the sectoral reallocation of labour. We find that a crucial role in this process has been played by the institutional framework affecting flexibility in the labour market and by the mismatch between workers’ skills and job vacancies. JEL Classification: E24; J21; J23; J24; L80.

Keywords: Services; sectoral adjustment; employment share; Europe; US; institutions in the labour and product market. (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-mac
Date: 2006-05
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Related works:
Working Paper: Sectoral Explanations of Employment in Europe: The Role of Services (2006)
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