INEQUALITIES IN THE EUROPEAN UNION LABOUR MARKET. AN ANALYSIS FOCUSED ON VULNERABLE GROUPS

Gina Cristina Dimian ()
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Gina Cristina Dimian: The Bucharest University of Economic Studies, Department of Econometrics and Statistics, Romania

Journal of Social and Economic Statistics, 2014, vol. 3, issue 2, 45-56

Abstract: The main aim of the paper is to explore the dynamics of unemployment in recent years with a focus on so-called vulnerable groups on the labor market: young, older and persons with low education. For achieving this objective European Union countries were grouped into two categories starting from the four social models highlighted by Boeri (2002): Nordics, Anglo-Saxon and Continental, on the one hand, the Mediterranean and Central and Eastern European countries on the other. Using Okun Law model, the dynamic version, we tested the hypothesis that for the countries in the second category and the vulnerable groups, in recent years the unemployment rate has been influenced to a greater extent by the economic growth, directly related to the economies’ ability to create new jobs or to maintain the existing ones.

Keywords: Labour market; Vulnerable groups; GDP growth; Okun Law model; Inequalities (search for similar items in EconPapers)
JEL-codes: E24 F40 J64 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aes:jsesro:v:3:y:2014:i:2:p:45-56

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