Labour Reallocation in Recession and Recovery: Evidence for Europe
Eric Bartelsman,
Paloma Lopez-Garcia and
Giorgio Presidente
National Institute Economic Review, 2019, vol. 247, R32-R39
Abstract:
This paper builds upon Bartelsman, Lopez-Garcia, and Presidente (2018) and provides empirical evidence on the cyclical features of labour reallocation in a sample of European Union (EU) countries over the Great Recession and the slow recovery. The analysis makes use of cross-country micro-aggregated data on firm dynamics and productivity from release 6 of the ECB CompNet database. While productivity-enhancing reallocation generally is counter-cyclical, with a stronger effect providing a silver lining in downturns, it was weaker during the Great Recession in the EU, but reverted back to more normal patters in the most recent years.
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:cup:nierev:v:247:y:2019:i::p:r32-r39_13
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