On the significance of labour reallocation for European unemployment: Evidence from a panel of 15 countries

Bakas, D ORCID: 0000-0003-4771-4505, Panagiotidis, T and Pelloni, G, 2016. On the significance of labour reallocation for European unemployment: Evidence from a panel of 15 countries. Journal of Empirical Finance, 39 (B), pp. 229-240. ISSN 0927-5398

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Abstract

We explore the macroeconomic effects of sectoral shifts for 15 European countries. An extensive panel is constructed that allows us the assessment of the impact of labor reallocation on unemployment in the European context. Indexes of labor market turbulence based on alternative sectoral disaggregation are constructed. The effect of labor reallocation on unemployment is found to be positive and significant in all different specifications. This remains robust when we take into account volatility measures in the model.

Item Type: Journal article
Publication Title: Journal of Empirical Finance
Creators: Bakas, D., Panagiotidis, T. and Pelloni, G.
Publisher: Elsevier
Date: 9 May 2016
Volume: 39
Number: B
ISSN: 0927-5398
Identifiers:
NumberType
10.1016/j.jempfin.2016.05.003DOI
S0927539816300433Publisher Item Identifier
Divisions: Schools > Nottingham Business School
Depositing User: Jonathan Gallacher
Date Added: 22 Aug 2016 08:37
Last Modified: 09 Jun 2017 14:05
URI: http://irep.ntu.ac.uk/id/eprint/28334

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