The downsizing dilemmas of European employers

Hendrik P van Dalen, Kène Henkens, 28 August 2013

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Drastic measures are taken when managers formulate strategies to survive economic crises. Among these are downsizing, outsourcing, firing workers and cutting back on wages. But how do firms balance their interests against those of their workers?

Topics: Labour markets
Tags: downsizing, Eurozone crisis, firing, hiring, unemployment

Accounting for the ethnic unemployment gap in France and the US

Laurent Gobillon, Peter Rupert, Étienne Wasmer, 23 July 2013

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The unemployment rate in France is roughly six percentage points higher for African immigrants than for natives. In the US, the unemployment rate is approximately nine percentage points higher for black people than for white people.

Topics: Europe's nations and regions, Labour markets
Tags: commuting, ethnicity, France, race, unemployment

High home ownership as a driver of high unemployment

Andrew J Oswald, 18 June 2013

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Unemployment matters. It is a major source of unhappiness, mental ill-health, and lost income. Yet after a century of economic research the determinants of unemployment are still imperfectly understood, and jobless levels in the industrialised nations are currently around 10%, with some over 20%.

Topics: Labour markets
Tags: home ownership, unemployment

Job placement and displacement: Evidence from a randomised experiment

Bruno Crépon, Esther Duflo, Marc Gurgand, Roland Rathelot, Philippe Zamora, 24 April 2013

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Youth unemployment is a growing concern in many countries, including France where more than a quarter of recent graduates cannot find stable work. Some of these young graduates do not benefit from resources like unemployment benefits because they lack a sufficient employment history.

Topics: Labour markets
Tags: Eurozone crisis, graduates, unemployment, youth unemployment

Budget balance, structural unemployment and fiscal adjustments: The Spanish case

Javier Andrés, Rafael Doménech, 5 April 2013

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One of the most important questions in the current process of fiscal consolidation in many developed economies concerns the size and the pace of the adjustment. An excessive and/or too-fast fiscal retrenchment can have dramatic effects on unemployment and growth, while if it is too slow, it can prove to be ineffective and lack credibility in the eyes of the financial markets.

Topics: Europe's nations and regions
Tags: Eurozone crisis, fiscal policy, Spain, structural adjustment, unemployment

European labour-market reform

John Driffill, 8 March 2013

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Unemployment continues to rise in the Eurozone and is increasingly drawing attention to its sluggish labour markets. There is a lingering suspicion that these markets are not flexible enough; that wage growth (real and in money terms) does not respond sufficiently to unemployment.

Topics: Europe's nations and regions, Labour markets
Tags: EU, Europe, unemployment

Jobs and growth are still linked (that is, Okun’s Law still holds)

Laurence Ball, Daniel Leigh, Prakash Loungani, 26 January 2013

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Unemployment rates remain high in most advanced countries. Many scholars have drawn attention to an apparent decoupling of unemployment increases from output declines during the Great Recession (e.g. IMF 2010, Cazes et al. 2011).

Topics: Global crisis, Labour markets
Tags: jobless recovery, Okun, output, unemployment

It’s not a skill mismatch: Disaggregate evidence on the US unemployment-vacancy relationship

Rand Ghayad, William Dickens, 5 January 2013

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The Beveridge curve – the empirical relationship between unemployment and vacancies – is thought to be an indicator of the efficiency of the functioning of the labour market. Normally when vacancies rise, unemployment falls following a curved path that typically remains stable over long periods of time.

Topics: Labour markets
Tags: skills, unemployment, US, welfare

Jobs: The next piece of Africa’s growth jigsaw

David Fine, Susan Lund, 4 December 2012

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Africa’s recent economic performance has been impressive. With average annual growth of 5.1% over the past ten years, the continent is the second fastest-growing region in the world (IMF 2012). The share of people in extreme poverty is falling.

Topics: Development, Labour markets
Tags: Africa, employment, labour, unemployment

Jobless recoveries and the disappearance of routine occupations

Henry Siu, Nir Jaimovich, 6 November 2012

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Economic recoveries aren’t what they used to be. Since the end of the Great Recession in June 2009:

Topics: Global crisis, Labour markets, Poverty and income inequality
Tags: Great Depression, Great Recession, jobs, labour, unemployment

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