On the significance of labor 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 labor reallocation for European unemployment: evidence from a panel of 15 countries. Rimini, Italy: The Rimini Centre for Economic Analysis.

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Abstract

We explore the macroeconomic effects of sectoral shifts for a set of 15 European countries. An extensive panel is constructed that allows us to assess the effect of labor reallocation 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 consider measures of volatility in the model.

Item Type:	Working paper
Description:	Working paper series: WP 16-01
Creators:	Bakas, D., Panagiotidis, T. and Pelloni, G.
Publisher:	The Rimini Centre for Economic Analysis
Place of Publication:	Rimini, Italy
Date:	January 2016
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	14 Feb 2017 11:24
Last Modified:	09 Jun 2017 14:12
URI:	https://irep.ntu.ac.uk/id/eprint/30181

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