393
Views
0
CrossRef citations to date
0
Altmetric
Articles

Employment protection, employment and unemployment rates in European Union countries during the Great Recession

ORCID Icon & ORCID Icon
Pages 240-258 | Received 21 Feb 2019, Accepted 20 Nov 2020, Published online: 21 Jan 2021

References

  • Adams, Z., P. Pastani, L. Bishop, and S. Deakin. 2017. “The CBR-LRI Dataset: Methods, Properties and Potential of Leximetric Coding of Labour Laws.” International Journal of Comparative Labour Law and Industrial Relations 33 (1): 59–92.
  • Anderton, R., et al. 2012. “Euro Area Labour Markets and the Crisis.” European Central Bank Occasional Paper Series No. 138.
  • Arestis, P., J. Ferreiro, and C. Gomez. 2020a. “Quality of Employment and Employment Protection. Effects of Employment Protection on Temporary and Permanent Employment.” Structural Change and Economic Dynamics 53: 180–188. doi:10.1016/j.strueco.2020.02.008.
  • Arestis, P., J. Ferreiro, and C. Gomez. 2020b. “Employment Protection Legislation and Income Labour Shares in Europe.” Panoeconomicus 67 (3): 291–308. doi:10.2298/PAN2003291A.
  • Avdagic, S. 2015. “Does Regulation Work? Reassessing the Unemployment Effects of Employment Protection.” British Journal of Industrial Relations 53 (1): 6–26. doi:10.1111/bjir.12086.
  • Avdagic, S., and P. Salardi. 2013. “Tenuous Link: Labour Market Institutions and Unemployment in Advanced and New Market Economies.” Socio-Economic Review 11: 739–769. doi:10.1093/ser/mwt009.
  • Ball, L. 2009. “Hysteresis in Unemployment.” In Understanding Inflation and the Implications for Monetary Policy, edited by J. Fuhrer, Y. K. Kodrzycki, J. S. Little, and G. P. Olivei, 361–381. Cambridge Mass: MIT Press.
  • Ball, L. 2014. “Long-term Damage from the Great Recession in OECD Countries.” European Journal of Economics and Economic Policies: Intervention 11 (2): 149–160.
  • Bertola, G. 2017a. “European Unemployment Revisited: Shocks, Institutions, Integration.” Research in Economics 71: 588–612. doi:10.1016/j.rie.2017.06.002.
  • Bertola, G. 2017b. “EMU and Labour Market Policy: Tensions and Solutions.” European Economy Discussion Paper No. 054.
  • Blanchard, O. 2017. “Should We Reject the Natural Rate Hypothesis?” Peterson Institute for International Economics Working Paper No. 17–14.
  • Blanchard, O., and J. Wolfers. 2000. “The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence.” The Economic Journal 110 (March): C1–C33. doi:10.1111/1468-0297.00518.
  • Blanchard, O., and L. H. Summers. 1986. “Hysteresis and the European Unemployment Problem.” NBER Macroeconomics Annual 15–90. doi:10.1086/654013.
  • Blanchard, O., and L. H. Summers. 2017. “Rethinking Stabilization Policy. Back to the Future.” Paper presented at the Rethinking macro policy conference at the Peterson Institute for International Economics, October. https://piie.com/events/rethinking-macroeconomic-policy
  • Boeri, T., and J. F. Jimeno. 2016. “Learning from the Great Divergence in Unemployment in Europe during the Crisis.” Labour Economics 41: 32–46. doi:10.1016/j.labeco.2016.05.022.
  • Boeri, T., P. Cahuc, and A. Zylberberg. 2015. “The Costs of Flexibility-enhancing Structural Reforms.” A literature review. OECD Economics Department Working Papers No. 1264.
  • Brancaccio, E., N. Garbellini, and R. Giammetti. 2018. “Structural Labour Market Reforms, GDP Growth and the Functional Distribution of Income.” Structural Change and Economic Dynamics 44: 34–45. doi:10.1016/j.strueco.2017.09.001.
  • Ciminelli, G., R. Duval, and D. Furceri. 2018. “Employment Protection Deregulation and Labor Shares in Advanced Economies.” IMF Working Paper No. WP18/168.
  • Clasen, J., D. Clegg, and J. Kvist. 2012. “European Labour Market Policies in (The) Crisis.” European Trade Union Institute Working Paper No. 2012.12.
  • Clauwert, S., and I. Schömann. 2012. “The Crisis and National Labour Law Reforms: A Mapping Exercise.” European Trade Union Institute Working Paper No. 2012.4.
  • Damiani, M., F. Pompei, and A. Ricci. 2016. “Temporary Employment Protection and Productivity Growth in EU Economies.” International Labour Review 155 (4): 587–622. doi:10.1111/j.1564-913X.2014.00023.x.
  • De Almeida, L., and V. Balasundharam. 2018. “On the Impact of Structural Reforms on Output and Employment: Evidence from a Cross-country Firm-level Analysis.” IMF Working Paper No. WP18/73.
  • Deakin, S. 2018. “The Use of Quantitative Methods in Labour Law Research: An Assessment and Reformulation.” Social & Legal Studies 27 (4): 456–474. doi:10.1177/0964663918760385.
  • Dosi, G., M. C. Pereira, A. Roventini, and M. E. Virgillito. 2017. “When More Flexibility Yields More Fragility: The Microfoundations of Keynesian Aggregate Unemployment.” Journal of Economic Dynamics & Control 81: 162–186. doi:10.1016/j.jedc.2017.02.005.
  • Dosi, G., M. C. Pereira, A. Roventini, and M. E. Virgillito. 2018. “The Effects of Labour Market Reforms upon Unemployment and Income Inequalities: An Agent-based Model.” Socio-Economic Review 16 (4): 687–720. doi:10.1093/ser/mwx054.
  • Duval, R., D. Furceri, and J. Miethe. 2018. “The Needle in the Haystack: What Drives Labor and Product Market Reforms in Advanced Countries.” IMF Working Paper No. WP/18/101
  • Duval, R., and D. Furceri. 2018. “The Effects of Labor and Product Market Reforms: The Role of Macroeconomic Conditions and Policies.” IMF Economic Review 66: 31–69. doi:10.1057/s41308-017-0045-1.
  • Duval, R., D. Furceri, and J. Valles. 2017. “Job Protection Deregulation in Good and Bad Times.” IMF Working Paper No. WP/17/277.
  • European Commission. 2012. “Labour Market Developments in 2012.” European Economy 5/2012.
  • European Commission Directorate-General for Employment, Social Affairs and Equal Opportunities. 2010. Employment in Europe 2010. Luxembourg: Publications Office of the European Union.
  • European Commission Directorate-General for Employment, Social Affairs and Inclusion. 2015. Employment and Social Developments in Europe 2014. Luxembourg: Publications Office of the European Union.
  • Ferreiro, J., and C. Gomez. 2015. “The Economic Crisis in Spain: Mistakes Made in the Management of Labour Market and Fiscal Policy.” In Europe in Crisis. Problems, Challenges and Alternative Perspectives, edited by A. Bitzenis, N. Karagiannis, and J. Marangos, 259–274. New York: Palgrave Macmillan.
  • Ferreiro, J., and C. Gomez. 2017. “The Global Financial Crisis and the Labour Markets in Europe: Do Labour Institutions Matter?” In Economic Policies since the Global Financial Crisis, edited by P. Arestis and M. Sawyer, 265–311. Basingstoke: Palgrave Macmillan.
  • Ferreiro, J., and C. Gomez. 2020. “Employment Protection and Labour Market Results in Europe.” Journal of Evolutionary Economics 30 (2): 401–449. doi:10.1007/s00191-019-00656-5.
  • Flaig, G., and H. Rottmann. 2013. “Labour Market Institutions and Unemployment: An International Panel Data Analysis.” Empirica 40 (4): 635–654. doi:10.1007/s10663-012-9208-5.
  • Flaschel, P., A. Greiner, C. Logeay, and C. Proano. 2012. “Employment Cycles, Low Income Work and the Dynamic Impact of Wage Regulations. A Macro Perspective.” Journal of Evolutionary Economics 22: 235–250. doi:10.1007/s00191-011-0236-2.
  • Friedman, M. 1968. “The Role of Monetary Policy.” American Economic Review 58 (1): 1–17.
  • Gal, P., and A. Theising. 2015. “The Macroeconomic Impact of Structural Policies on Labour Market Outcomes in OECD Countries: A Reassessment.” OECD Economics Department Working Papers No. 1271.
  • Greenland, S., S. J. Senn, K. J. Rothman, J. B. Carlin, C. Poole, S. N. Goodman, D. G. Altman, et al. 2016. “Statistical Tests, P Values, Confidence Intervals, and Power: A Guide to Misinterpretations.” European Journal of Epidemiology 31 (4): 337–350. doi:10.1007/s10654-016-0149-3.
  • Gutierrez-Barbarrusa, T. 2016. “The Growth of Precarious Employment in Europe: Concepts, Indicators and the Effects of the Global Economic Crisis.” International Labour Review 155 (4): 477–508. doi:10.1111/ilr.12049.
  • Hein, E. 2017. “Post-Keynesian Macroeconomics since the Mid 1990s: Main Developments.” European Journal of Economics and Economic Policies: Intervention 14 (2): 131–172.
  • Heyes, J., and P. Lewis. 2015. “Relied upon for the Heavy Lifting: Can Employment Protection Legislation Reforms Lead the EU Out of the Jobs Crisis?” Industrial Relations Journal 46 (2): 81–99. doi:10.1111/irj.12095.
  • Howell, D. R. 2011. “Institutions, Aggregate Demand and Cross-country Employment Performance: Alternative Theoretical Perspectives and the Evidence.” In A Modern Guide to Keynesian Macroeconomics and Economic Policies, edited by E. Hein and E. Stockhammer, 165–190. Cheltenham: Edward Elgar.
  • Jump, R. C., and E. Stockhammer. 2019. “Reconsidering the Natural Rate Hypothesis.” FMM Working Paper No. 45.
  • Kennedy, P. 2008. A Guide to Econometrics. Malden: Wiley-Blackwell.
  • Liotti, G., and R. R. Canale. 2020. “Poverty and Labour Market Institutions in Europe.” Panoeconomicus 67 (3): 277–290. doi:10.2298/PAN2003277L.
  • Myant, M., and L. Brandhuber. 2016. “Uses and Abuses of the OECD’s Employment Protection Legislation Index in Research and EU Policy Making.” ETUI Working Paper No. 2016.11.
  • OECD. 2012. OECD Employment Outlook 2012. Paris: OECD Publishing.
  • OECD. 2017. OECD Employment Outlook 2017. Paris: OECD Publishing.
  • Rubery, J., and A. Piasna. 2016. “Labour Market Segmentation and the EU Reform Agenda: Developing Alternatives to the Mainstream.” ETUI Working Paper No. 2016.10.
  • Schömann, I. 2014. “Labour Law Reforms in Europe: Adjusting Employment Protection Legislation for the Worse?” European Trade Union Institute Working Paper No. 2014.02.
  • Sharma, S., and H. Winkler. 2018. “The Labour Market Effects of Financial Crises. The Role of Temporary Contracts in Central and Western Europe.” Economics of Transition 26 (1): 35–60. doi:10.1111/ecot.12141.
  • Stockhammer, E. 2011. “The Macroeconomics of Unemployment.” In A Modern Guide to Keynesian Macroeconomics and Economic Policies, edited by E. Hein and E. Stockhammer, 137–164. Cheltenham: Edward Elgar.
  • Stockhammer, E., A. Guschanski, and K. Köhler. 2014. “Unemployment, Capital Accumulation and Labour Market Institutions in the Great Recession.” European Journal of Economics and Economic Policies: Intervention 11 (2): 182–194.
  • Tridico, P., and R. Pariboni. 2017. “Inequality, Financialization, and Economic Decline.” Journal of Post Keynesian Economics 41 (2): 236–259. doi:10.1080/01603477.2017.1338966.
  • Wooldridge, J. M. 2010. Econometric Analysis of Cross Section and Panel Data. Cambridge, Mass: MIT Press.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.