- UNEMPLOYMENT IN EUROPE AND REGIONAL LABOR FLUCTUATIONS

Ana Lamo

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: This paper studies the relationship between region-specific shocks in the European labor market and unemployment rates in Europe. The existing empirical literature in this topic employs measures hardly useful to analyze the issue at hand. We use a model for non-stationary evolving distributions to identify disaggregate and aggregate disturbances and analyze their joint dynamics. Our main findings are that unemployment is lower the more alike shocks are across regions and the lower mobility of those regional shocks is. Further, the dynamics of regional shocks have substantial predictive power for aggregate unemployment fluctuations.

Keywords: regional fluctuations; geographical region; unemployment; mismatch index; large crosssection. (search for similar items in EconPapers)
JEL-codes: C33 E32 E37 (search for similar items in EconPapers)
Pages: 26 pages
Date: 1998-09
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http://www.ivie.es/downloads/docs/wpasad/wpasad-1998-19.pdf Fisrt version / Primera version, 1998 (application/pdf)

Related works:
Working Paper: Unemployment in Europe and Regional Labour Fluctuations (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1998-19

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