... recessions, indicating stronger unemployment responses to output contractions. Short-run effects are relatively stronger in less rigid labor markets, whereas higher employment protection is associated with more stable long-run unemployment dynamics. Adjustment speeds differ across country groups, with slower...

...Giulio Pedrini Purpose This paper investigates the relationship between labour hoarding practices and training investments during severe economic downturns focusing on the case of Italy during the Great Recession. Design/methodology/approach Data come from the 2010 Italian wave of Continuing...

.... A large-scale repeated survey in Greece over three research rounds (2012, 2013 and 2015; total n=3,498) is utilized. The Greek debt crisis began in 2009 and peaked in 2010–2013, leading to a deep recession that evolved into a trough in 2015. The recession effects were manifold and affected all...

.... Originality/value This paper contributes in two ways. First, the authors show what has been happening to the job-related well-being during the recession in Spain by the type of workers: high-level managers, managers, self-employed and employees. Job satisfaction can be determined by pressures to work harder...

.... The analysis controls for background, human capital and personal traits and draws a distinction between unemployed and employed workers. The results show major differences in the volume and composition of participants before and during the Great Recession. In addition, there is a business cycle...

.... Design/methodology/approach – The paper estimates an intertemporal consumption model, where households try to smooth their marginal utility over time. For that purpose it analyses Spanish household budget surveys that span a long period, 1999-2012, including the Great Recession. Unlike most consumption...

... the much higher dismissal costs of open-ended contracts, coupled with the deep recession, has resulted in youth unemployment rates well above the European average. © Emerald Group Publishing Limited 2016 Recession Income Unemployment Microsimulation The ongoing economic crisis has...

... of base pay between the two sectors, and the gearing of bonus payments to base pay within the PRP sector. Findings – The growth in the economic importance of bonuses in Britain in the mid-2000s – and subsequent fluctuations since the onset of recession in 2008 – can be almost entirely explained...

...Carlos Gradín; Olga Cantó; Coral del Río Purpose – The purpose of this paper is to analyze the different dynamic characteristics of unemployment in a selected group of European Union countries during the current Great Recession, which had unequal consequences on employment depending...

... finances in the aftermath of the Great Recession are likely to have long-lasting adverse consequences for some. Although many of those losing their jobs are likely to quickly regain employment at a comparable earnings level, the unlucky few may bear most of the costs. Originality/value – The author...

... Productivity rate Economic change Recession In this general framework, a common strategy to ensure growth is to make the product market as well as the labour market more competitive, the regulation of money supply being exogenous. A paper by Blanchard and Giavazzi (2003) , proposing a general...

... the reporting year and previous year), and for total faculty, in both cases disaggregated by rank. Two macroeconomic variables, the expected rate of inflation and whether or not the economy is in recession,provide a good explanation of how large the percentage increase in salaries will be for the forthcoming...