LABOUR REALLOCATION IN RECESSION AND RECOVERY: EVIDENCE FOR EUROPE

This paper builds upon Bartelsman, Lopez-Garcia, and Presidente (2018) and provides empirical evidence on the cyclical features of labour reallocation in a sample of European Union (EU) countries over the Great Recession and the slow recovery. The analysis makes use of cross-country micro-aggregated...

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Veröffentlicht in:National Institute economic review 2019-02 (247), p.R32-R39
Hauptverfasser: Bartelsman, Eric, Lopez-Garcia, Paloma, Presidente, Giorgio
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creator Bartelsman, Eric
Lopez-Garcia, Paloma
Presidente, Giorgio
description This paper builds upon Bartelsman, Lopez-Garcia, and Presidente (2018) and provides empirical evidence on the cyclical features of labour reallocation in a sample of European Union (EU) countries over the Great Recession and the slow recovery. The analysis makes use of cross-country micro-aggregated data on firm dynamics and productivity from release 6 of the ECB CompNet database. While productivity-enhancing reallocation generally is counter-cyclical, with a stronger effect providing a silver lining in downturns, it was weaker during the Great Recession in the EU, but reverted back to more normal patters in the most recent years.
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title LABOUR REALLOCATION IN RECESSION AND RECOVERY: EVIDENCE FOR EUROPE
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