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The Economy, Crises, and the Labor Market. Can Institutions Serve as a Protective Shield for Employment?

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  • Christian Wey

Abstract

The year 2009 was marked by a deep global economic crisis triggered by turbulence on the financial markets. The crisis has affected different countries' economies to differing degrees. The impact on national labor markets was even more severe, and wider in scope, than the resulting economic slump itself. It appears likely that the different institutions are (at least partly) to blame. Against this backdrop, the 73rd ARGE meeting examined the relationships between institutions - labor market institutions but others as well - and labor market developments in times of crisis. The key question was whether and how institutions can serve as a "protective shield" for employment. The lectures focuses on the following aspects: European labor markets in international comparison, the role of labor market institutions in the crisis, labor market reforms and competition, labor force cohorts, meta-analysis of the minimum wage, and labor market regulation.

Suggested Citation

  • Christian Wey, 2010. "The Economy, Crises, and the Labor Market. Can Institutions Serve as a Protective Shield for Employment?," Applied Economics Quarterly. Supplements, Duncker & Humblot GmbH, Berlin, edition 1, volume 61, number 53439.
    • Handle: RePEc:dah:supaeq:53439
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    More about this item

    Keywords

    Crises; Economy; Labor Market;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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