Labour Market Dynamics and Worker Heterogeneity During the Great Recession – Evidence from Europe

Ronald Bachmann, Peggy Bechara (née David), Anica Kramer and Sylvi Rzepka

No 499, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

Abstract: Using harmonized micro data, this paper investigates the effects of the early phase (2008-10) of the recent economic crisis on transitions between labour market states in Europe. Our analysis focuses on individual heterogeneity, on the type of employment contract, and on crosscountry differences. Our analysis shows that specific worker groups, such as men and young persons, were particularly strongly hit by the crisis. Furthermore, more transitions from employment, and especially temporary employment, to unemployment were the main factor behind the rise in unemployment; while reduced unemployment outflows did not contribute substantially to the increase in unemployment during the early phase of the crisis.

Keywords: recession; labour market transitions; Markov transition matrices; worker heterogeneity (search for similar items in EconPapers)
JEL-codes: E24 J6 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: Labour market dynamics and worker heterogeneity during the Great Recession – Evidence from Europe (2015)
Working Paper: Labour Market Dynamics and Worker Heterogeneity during the Great Recession: Evidence from Europe (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:rwirep:499

DOI: 10.4419/86788572

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