18 juli 2016
European Policy Brief: differences in labour market positionsThe financial crisis that hit the world economies in 2008 and its effect across the spectrum of European economies is being felt until today. These impacts have resulted in the decline of economic activity and also in the deterioration of employment figures. However, not all European countries have been exposed to the impact of the crisis with the same severity and intensity, indicating that some labour markets have been more responsive to the economic downturn than others. This has increased territorial differences on the labour market. Beyond the differences witnessed territorially, the consequences of crisis also have been distributed unequally over the workforce, showing a differential effect on the labour outcomes of the groups participating in the labour market.
The concept of labour resilience emerges as an important pillar in both understanding and explaining the adaptation of labour markets and the differences in labour market results obtained by the collectives who make up the labour force.
Specifically, the employment impact of the crisis has been studied in four groups of the total population through the comparison of key labour market indicators:
- Young people
- Older workers
- Disabled people
The analysis showed similarities in the labour vulnerability patterns among countries in each of the groups studied, both before and after the crisis, but with differing degrees of intensity. Moreover, the research revealed the existence of certain factors linked to labour resilience of each group in their respective countries. The research also demonstrated that the labour market position of the vulnerable groups is better in those countries that have specific policies to address the identified relevant factors for each group. Conversely, policies targeting a specific group without considering all the factors affecting its labour performance have been revealed as less effective.
Further to the aforementioned age, nationality and disability variables, some economic, social, occupational, demographic and political factors that may be contributing to strengthening and/ or reducing labour resilience of each group are assessed in the studied countries.
Please visit http://goo.gl/rPvsey to read the our policy brief with the recommendations included.