Worker flows in the European Union during the Great Recession

Jose Casado (), Cristina Fernández and Juan F Jimeno
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Cristina Fernández: Banco de España

No 1529, Working Papers from Banco de España

Abstract: We firstly measure the contribution of worker flows across employment, unemployment, and non-participation to the change in unemployment in eleven EU countries during the period 2006-2012, paying special attention to which socio-demographic groups in each of the countries were most affected by job creation and job destruction during the crisis. We find that age, to a greater extent than educational attainment, is the main determinant of flows from employment into unemployment, particularly in those countries where unemployment increased most. Secondly, we highlight some institutional features of the labour market (employment protection legislation, unemployment insurance and the incidence of active labour market policies) that help explain the cross-country differences in flows between employment and unemployment and in their socio-demographic composition. Finally, we examine whether the crisis has led to some employment reallocation across sectors, finding that, so far, there is no clear evidence in favour of cleansing effects.

Keywords: labour flows; unemployment; labour market institutions; Great Recession (search for similar items in EconPapers)
JEL-codes: C25 E24 J6 (search for similar items in EconPapers)
Pages: 49 pages
Date: 2015-10
New Economics Papers: this item is included in nep-eec and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

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Working Paper: Worker flows in the European Union during the Great Recession (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:1529

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