haku: @author Fatás, A. / yhteensä: 6
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| Tekijä: | Decressin, J. Fatas, A. |
| Otsikko: | Regional labor market dynamics in Europe |
| Lehti: | European Economic Review
1995 : DEC, VOL. 39:9, p. 1627-1656 |
| Asiasana: | ECONOMICS EUROPE |
| Kieli: | eng |
| Tiivistelmä: | The paper investigates regional labor market dynamics in Europe and compares the results to those obtained for the US. It analyzes to what extent regional employment dynamics are common to all regions. Next, the paper studies the adjustment mechanisms that a typical region-specific shock triggers. It shows that for Europe, in the first three years, most of the shock is absorbed by changes in the participation rate while, in the US, it is immediately reflected in migration. Surprisingly, in both cases, the unemployment rate plays a small role suggesting the presence of natural unemployment rates at the regional level. |
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