Arbeitspapier
Unemployment and labor reallocation in Europe
We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected European economies. Our measure of sectoral labor reallocation is adjusted for aggregate influences and the remaining variation is linked to unemployment in country specific dynamic models. For Spain, the ADL-model estimation reveals a significant impact of sectoral reallocation on unemployment that goes beyond usual business cycle patterns. In Italy, there is weaker yet detectable evidence for this mechanism. In Ireland, Portugal and France, no significant influence of sector level shocks on unemployment is found. The results emphasize the potential structural supply side policies have for reducing unemployment in Spain.
- Language
-
Englisch
- Bibliographic citation
-
Series: ZEW Discussion Papers ; No. 14-083
- Classification
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Job, Occupational, and Intergenerational Mobility; Promotion
Unemployment: Models, Duration, Incidence, and Job Search
- Subject
-
unemployment
sectoral shocks
labor reallocation
Europe
- Event
-
Geistige Schöpfung
- (who)
-
Hogrefe, Jan
Sachs, Andreas
- Event
-
Veröffentlichung
- (who)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (where)
-
Mannheim
- (when)
-
2014
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-373002
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hogrefe, Jan
- Sachs, Andreas
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Time of origin
- 2014
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