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Title: On the significance of labour reallocation for European unemployment: Evidence from a panel of 15 countries
Authors: Bakas, Dimitrios
Panagiotidis, Theodore
Pelloni, Gianluigi
Type: Article
Subjects: FRASCATI::Social sciences::Economics and Business::Economics
Keywords: Labour reallocation
Sectoral shifts hypothesis
Issue Date: Dec-2016
Source: Journal of Empirical Finance
Volume: 39
First Page: 229
Last Page: 240
Abstract: We explore the macroeconomic effects of sectoral shifts for 15 European countries. An extensive panel is constructed that allows us to assess the impact of labour reallocation on unemployment in the European context. Indexes of labour market turbulence based on alternative sectoral disaggregation are constructed. The effect of labour reallocation on unemployment is found to be positive and significant in all specifications. This remains robust when we take into account volatility measures in the model.
Other Identifiers: 10.1016/j.jempfin.2016.05.003
Appears in Collections:Department of Economics

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