The Labour Market Impact of the Financial Crises: A "Comparative Approach"

The paper focuses on several aspects of the complex impact of financial crises on labour market performance. The first section is dedicated to present and discus new evidences about the impact of past financial crises on (un)employment rates. In fact, last financial crisis presented significant peculiarities with respect to past crises but some key characteristics and timing of the consequences on labour market can be learn also from past experiences. In the second section some very-recent descriptive statistics, regarding the impact of last crisis in the European labour markets, are discussed. In the third section the regional labour market impact is investigated for EU-27 (un)employment rates and Russian youth unemployment. So, this paper adopt a "comparative approach" - lato sensu - for investigating the complex impact of financial crises on labour market performance, i.e. referring to comparison (i) over time (between the impact of past and last financial crises) and between countries (especially EU-27); (ii) comparison between age classes and gender (especially focusing on young people); (iii) comparison between EU-27 regions and between Russian regions. A multifaceted picture emerged from the empirical investigations, with relevant policy implications.

Hitotsubashi University

2011-10

English(eng)

technical report

VoR

26

Hitotsubashi Invited Fellow Program Discussion Paper Series

https://hdl.handle.net/10086/19357