Smart Policies or Sheer Luck? Labour Market Resilience in the Low Countries

Fenger, Menno; Koster, Ferry; Struyven, Ludo; Veen, Romke van der

doi:10.1111/spol.12072

Cited by 8 publications

(4 citation statements)

References 19 publications

(17 reference statements)

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“…In the recent years of crisis, this concept has also been applied to the labour markets in order to understand the differences in labour dynamics by country and region (Fenger et al, 2014;OECD, 2012;Chapple & Lester, 2010) and by vulnerable group (Bigos et al, 2013). Indeed, Bigos et al (2013) define labour market resilience not only as the capacity of labour markets to absorb external shocks but also to mitigate their impact for employment levels, specifically for vulnerable groups (Bigos et al, 2013:1).…”

Section: Theoretical Framework the Crisis Impact On Labour Markets Anmentioning

confidence: 99%

Labour Resilience and Vulnerable Groups in Times of Crisis: A Comparative Study in Eleven European Countries

Molina¹,

Cotanda²,

Ferrer³

2016

Eur. j. econ. bus. stud.

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The financial crisis which hit the world economies in 2008 has had a negative effect across the spectrum of European economies. These impacts have been felt through the fall in economic activity and also by the deterioration of the labour market indicators. However, not all European markets have been hit with the same severity and intensity, causing territorial differences. But, beyond this, the crisis has had a clear impact on the labour force by exacerbating work inequality. Consequently, the concept of labour emerges through the adaptation of labour markets and the different results obtained amongst the collectives who make up the labour force. The present research has the dual goal of both describing and comparing the labour shock caused by the economic crisis in eleven European countries, establishing differences in employment outcomes of youth (15-24yrs of age), older (55-64yrs of age) and migrants workers by comparing key labour market indicators obtained from official statistical sources. Moreover, it reveals a documented analysis of various national reports describing the employment position of these groups. The results show similarities in the labour vulnerability patterns among countries in each of the groups studied. The analysis highlights the existence of certain factors linked to labour resilience of each group including economic, social, occupational, demographic and political factors. The results of this research are under the INSPIRES project, which has been funded by the Seventh Framework Programme of the European Commission.

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Section: Theoretical Framework the Crisis Impact On Labour Markets Anmentioning

confidence: 99%

Labour Resilience and Vulnerable Groups in Times of Crisis: A Comparative Study in Eleven European Countries

Molina¹,

Cotanda²,

Ferrer³

2016

Eur. j. econ. bus. stud.

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“…Given the assumption of diminishing marginal returns to labour, this would trigger average labour productivity to move counter-cyclically. Yet, as observed in many empirical works, labour productivity is pro-cyclical, suggesting that the output elasticity of employment is less than unity (Bernanke and Parkinson, 1991; Arpaia and Curci, 2010; Leitner and Stehrer, 2010; Hijzen and Venn, 2011; Fenger et al , 2014), which Solow (1964 cited in Biddle, 2014) described as the “perverse behaviour of productivity in the short run”. In fact, labour hoarding behaviour can be associated with firms absorbing higher unit labour costs and thus decrease competitive position of the firm in the short run.…”

Section: The Theory Of Dynamic Labour Demandmentioning

confidence: 98%

Employment and labour hoarding: a production function approach

Vella

2018

JEFAS

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Purpose This paper aims to test the hypothesis that the effect of production slowdown on labour demand can be muted by labour hoarding. Design/methodology/approach This study adopts a production function approach, using data from Malta, a small state in the EU. Findings The results confirm the hypothesis and indicate that firms are normally prepared to employ and dismiss more workers in the long run than in the short run. Practical implications This finding has important implications for developed countries, including that labour hoarding can be of certain relevance in times of economic slowdown as shocks are absorbed by internal flexibility. Originality/value The results of this study add on to the existing literature in two ways. First, this study compares two industries –manufacturing and financial services– for which the former sector received support to hoard labour after the financial turmoil of 2008. Consequently, the dominance of labour hoarding in manufacturing relative to financial services is uncovered and the effect of hoarding practices on labour demand is estimated. Second, Malta is an interesting case because it is one of the smallest economies in the world and faces a high degree of vulnerability because of constraints associated with small size and insularity. As a result, firms adopt policy-induced measures to minimise adjustment costs.

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“…Some of the analyses were based on a single country or on a comparison between two countries. The labor markets of Belgium and the Netherlands coped well with the economic crisis of 2008-2010 compared to the EU average, as examined by Fenger et al (2014).…”

Section: Resilience In Practicementioning

confidence: 99%

Green and Digital Transitions

2024

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In our study, we review the framework of questionnaire research methods suitable for analyzing the consumer acceptance of vehicle industry innovations, more specifically, of autonomous vehicles. Our aim is to identify the most widely used research models and examine which variables affect consumer acceptance of self-driving technologies to the greatest extent. The various modified versions of the TAM and UTAUT models are the most commonly used models to address the topic in the literature. Both models are characterized by the attempt to predict a consumer's behavioral intention based on the specificities of a technology. Due to the difficulties of prior testing of self-driving technologies, it is worth reviewing these methods from the aspect of how suitable they are for capturing the consumer acceptance of this technology and through what adaptation measures. We do not aim to question the validity of researching the topic by questionnaire surveys, but we find it important to emphasize the significance of cautious adaptation. In the present paper, we intend to provide a methodological basis for future research related to autonomous technology by revising the TAM and UTAUT methods.

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Smart Policies or Sheer Luck? Labour Market Resilience in the Low Countries

Cited by 8 publications

References 19 publications

Labour Resilience and Vulnerable Groups in Times of Crisis: A Comparative Study in Eleven European Countries

Labour Resilience and Vulnerable Groups in Times of Crisis: A Comparative Study in Eleven European Countries

Employment and labour hoarding: a production function approach

Green and Digital Transitions

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