Europe and the economic crisis: forms of labour market adjustment and varieties of capitalism
2011
25
4
December
627-641
capitalism ; economic recession ; government policy ; labour market policy
Business economics
English
Bibliogr.
"The economic crisis that beset Europe in 2007 had a considerable impact on employment. Since 2008, unemployment has increased throughout Europe, but adjustment mechanisms affecting the labour market have varied from one country to another. By examining six representative European Union countries from the EU15, this article examines three types of adjustment involving segmentation, working hours and unemployment/underemployment. These adjustment systems, which originate from business strategy and which are partly supported by public policy measures, reflect the persistence of three varieties of capitalism in Europe."
Paper
The ETUI is co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the ETUI.