Petrongolo, Barbara and Pissarides, Christopher (2008) The ins and outs of European unemployment. 853. Centre for Economic Performance, London School of Economics and Political Science, London, UK.
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Abstract
In this paper we study the contribution of inflows and outflows to the dynamics of unemployment in three European countries, the United Kingdom, France and Spain. We compare performance in these three countries making use of both administrative and labor force survey data. We find that the impact of the 1980s reforms in Britain is evident in the contributions of the inflow and outflow rates. The inflow rate became a bigger contributor after the mid 1980s, although its significance subsided again in the late 1990s and 2000s. In France the dynamics of unemployment are driven virtually entirely by the outflow rate, which is consistent with a regime with strict employment protection legislation. In Spain, however, both rates contribute significantly to the dynamics, very likely as a consequence of the prominence of fixed-term contracts since the late 1980s.
| Item Type: | Monograph (Discussion Paper) |
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| Official URL: | http://cep.lse.ac.uk/ |
| Additional Information: | © 2008 B. Petrongolo and C.A. Pissarides |
| Uncontrolled Keywords: | [1] Allard, Gayle. 2005. “Measuring Job Security Over Time: In Search of a Historical Indicator”, Instituto de Empressa Working Paper WP-05. (Available from http://www.ie.edu/eng/claustro/claustro_working_papers.asp?ano=2005&tipo=1) [2] Elsby, Michael; Ryan Michaels and Gary Solon. 2007. “The Ins and Outs of Cyclical Unemployment”, mimeo, University of Michigan. [3] Fujita, Shigeru and Garey Ramey. 2007. “The Cyclicality of Separation and Job Finding Rates”, Working Paper no. 07-19, Federal Reserve Bank of Philadelphia. Forthcoming in the International Economic Review. [4] Gomes, Pedro. 2007. “Labour Market Flows in the United Kingdom”, Discussion Paper, Bank of England, forthcoming. [5] Pissarides, Christopher A. 1986. “Unemployment and Vacancies in Britain”, Economic Policy vol. 3, 499-559. [6] Shimer, Robert. 2007. “Reassessing the Ins and Outs of Unemployment”, mimeo, University of Chicago. [7] Yashiv, Eran. 2006. “US Labor Market Dynamics Revisited”, IZA Discussion Paper no. 2445, IZA, Bonn. |
| Library of Congress subject classification: | H Social Sciences > HN Social history and conditions. Social problems. Social reform H Social Sciences > HD Industries. Land use. Labor |
| Journal of Economic Literature Classification System: | J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation) E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles |
| Sets: | Collections > Economists Online Research centres and groups > Centre for Economic Performance (CEP) Departments > Economics |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| Identification Number: | 853 |
| URL: | http://eprints.lse.ac.uk/3658/ |
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