Cross-Cutting Themes in Employment Experiences during the Crisis
()
Currently unavailable
Currently unavailable
About this ebook
The human cost of the recent global crisis is reflected in its impact on the labor market. Explaining why economies with similar downturns had very different employment trends can help design policies to reduce such costs and improve labor markets. This paper analyzes the recent employment experiences of six economies: Germany, Korea, Mexico, New Zealand, Spain, and Sweden. These economies represent a wide range of labor market institutions, policy responses, and outcomes to the crisis. The divergence of labor market outcomes and of the effectiveness of policies during the crisis can be explained by the interaction between the nature of the shocks and differences in the structure and institutions of each country’s economy. The worst job losses compared to the drop in output followed permanent shocks, particularly in dual labor markets and in the presence of wage rigidities. Policies to avoid job cuts were much more effective when they were well-targeted and responded to temporary shocks. In contrast, policies to facilitate labor movements were more appropriate following permanent shocks.
Related to Cross-Cutting Themes in Employment Experiences during the Crisis
Related ebooks
Marxist Left Review #25 Rating: 0 out of 5 stars0 ratingsInflation - The Corrupted Thief Rating: 0 out of 5 stars0 ratingsArticles Rating: 0 out of 5 stars0 ratingsThe Financial Crisis and the Global South: A Development Perspective Rating: 0 out of 5 stars0 ratingsEconomic Growth, Inflation and Unemployment Rating: 0 out of 5 stars0 ratingsEffect of the Covid Pandemic on Current Economic Trends : Career, Money Management and Investment Strategies Rating: 0 out of 5 stars0 ratingsBalancing the Banks: Global Lessons from the Financial Crisis Rating: 5 out of 5 stars5/5Understanding the Growth Slowdown Rating: 0 out of 5 stars0 ratingsInflation-Conscious Investments: Avoid the most common investment pitfalls Rating: 0 out of 5 stars0 ratingsNBER Macroeconomics Annual 2016 Rating: 0 out of 5 stars0 ratingsThe Post Pandemic Economy Rating: 0 out of 5 stars0 ratingsThe Cost of Living Crisis: (and how to get out of it) Rating: 0 out of 5 stars0 ratingsSurviving the Aftermath of Covid-19:How Business Can Survive in the New Era Rating: 0 out of 5 stars0 ratingsIndustrial Policy Rating: 0 out of 5 stars0 ratingsA Tract on Monetary Reform Rating: 0 out of 5 stars0 ratingsPublic Purpose Rating: 0 out of 5 stars0 ratingsEIB Investment Report 2023/2024 - Key Findings: Transforming for competitiveness Rating: 0 out of 5 stars0 ratingsDisequilibrium: How America's Great Inflation Led to the Great Recession Rating: 4 out of 5 stars4/5Capital Wars: The Rise of Global Liquidity Rating: 0 out of 5 stars0 ratingsBankrupt: Global Lawmaking and Systemic Financial Crisis Rating: 0 out of 5 stars0 ratingsHow Would Society Cope with Another Financial Crisis Rating: 0 out of 5 stars0 ratingsMoney Talks: Media, Markets, Crisis Rating: 0 out of 5 stars0 ratingsCharade of the Debt Crisis Rating: 0 out of 5 stars0 ratingsFinancialization: Economic and Social Impacts Rating: 0 out of 5 stars0 ratingsInflation Targeting: Why the Value of Money Matters to You Rating: 0 out of 5 stars0 ratingsFinancial Crisis, Contagion, and Containment: From Asia to Argentina Rating: 5 out of 5 stars5/5Austerity: When is it a mistake and when is it necessary? Rating: 0 out of 5 stars0 ratingsFrom Crisis to Confidence: Macroeconomics after the Crash Rating: 4 out of 5 stars4/5The Size of Government: Measurement, Methodology and Official Statistics Rating: 0 out of 5 stars0 ratings
Economics For You
Divergent Mind: Thriving in a World That Wasn't Designed for You Rating: 4 out of 5 stars4/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5Sex Trafficking: Inside the Business of Modern Slavery Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions Rating: 4 out of 5 stars4/5The Affluent Society Rating: 4 out of 5 stars4/5Wise as Fu*k: Simple Truths to Guide You Through the Sh*tstorms of Life Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail Rating: 4 out of 5 stars4/5Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures Rating: 4 out of 5 stars4/5A People's Guide to Capitalism: An Introduction to Marxist Economics Rating: 4 out of 5 stars4/5Men without Work: Post-Pandemic Edition (2022) Rating: 5 out of 5 stars5/5Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails Rating: 4 out of 5 stars4/5Chip War: The Fight for the World's Most Critical Technology Rating: 4 out of 5 stars4/5A History of Central Banking and the Enslavement of Mankind Rating: 5 out of 5 stars5/5Capital in the Twenty-First Century Rating: 4 out of 5 stars4/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 4 out of 5 stars4/5Economics 101: From Consumer Behavior to Competitive Markets--Everything You Need to Know About Economics Rating: 4 out of 5 stars4/5How to Be Everything: A Guide for Those Who (Still) Don't Know What They Want to Be When They Grow Up Rating: 4 out of 5 stars4/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 4 out of 5 stars4/5Disrupting Sacred Cows: Navigating and Profiting in the New Economy Rating: 0 out of 5 stars0 ratingsBad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5Recession-Proof Real Estate Investing: How to Survive (and Thrive!) During Any Phase of the Economic Cycle Rating: 5 out of 5 stars5/5The Real Price of Everything: Rediscovering the Six Classics of Economics Rating: 4 out of 5 stars4/5Money Mischief: Episodes in Monetary History Rating: 4 out of 5 stars4/5
Reviews for Cross-Cutting Themes in Employment Experiences during the Crisis
0 ratings0 reviews