Labour Reallocation in Recession and Recovery: Evidence for Europe

Eric Bartelsman*, Paloma Lopez-Garcia, Giorgio Presidente

*Corresponding author for this work

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

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.

Original languageEnglish
Pages (from-to)R32-R39
JournalNational Institute Economic Review
Volume247
Issue number1
DOIs
Publication statusPublished - 1 Feb 2019

Keywords

  • E24
  • E32
  • employment
  • Great Recession
  • J63
  • O4
  • reallocation

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