This Time It’s Different? Youth Labour Markets During ‘The Great Recession’ This paper looks at the effects of the ‘Great Recession’ on young people’s labour market experiences in the European Union. The paper documents some of the key characteristics of young people’s labour market experiences during the current recession and then seeks to provide some explanations of these applying both cross...

This study evaluates the long-run effects of Finnish active labour market programmes in youth labour markets. The effectiveness of programmes is measured by a number of outcomes, including employment, unemployment, programme participation, education, being out-of-labour force and annual earnings. A nonparametric propensity score matching approach adapted for the case of multiple programmes is a...

Second-generation Turkish immigrants make up an increasingly important segment of European labour markets. These young adults are entering the prime working ages and forming families. However, we have only a limited understanding of the relationship between labour force participation and parenthood among second-generation Turkish women. Using unique data from the Integration of the European Sec...

Product and labour market reforms are likely to have significant cross-market effects OECD countries have pursued product and labour market reforms over the past two decades to increase employment and enhance productive efficiency. For example, countries have adjusted their employment protection and minimum wage legislation, reformed their benefits systems and modified their tax policies with t...

With continued economic growth and expanding mortgage markets, until recently the pattern across advanced economies was of growing homeownership sectors. The Great Financial Crisis (GFC) has however, undercut this growth resulting in the contraction of homeownership access in many countries and the revival of private renting. This paper argues that these tenure changes are not solely a conseque...

Increased integration of labour and capital markets creates significant challenges for the welfare states of modern Europe. Taxation of capital and labour that finances extensive programs of cash and in-kind redistribution creates incentives for capital owners and workers to locate in regions where they obtain favorable fiscal treatment. Competition among countries for mobile resources constrai...

Do Tertiary Dropout Students Really Not Succeed in European Labour Markets? Tertiary education has been expanding hugely over the last decades, so that tertiary dropout students will constitute a growing distinctive group in future labour markets. University dropout is regularly discussed as a ‘negative’ indicator in terms of reinforcing socio-economic inequalities and being a sign of universit...

Using dynamic panel estimations, this paper identifies driving forces of venture capital activity for Western European countries. Driving forces might be the liquidity of stock markets, human capital endowment, and labour market rigidities. I find that these factors do not affect expansion stage investments used as a broader definition of venture capital, while they positively affect early stag...

A generalised search model with matching on product, labour and financial markets is presented in order to analyse the impact of market frictions on the pass-through of shocks. The model includes an endogenous demand for money that arises from matching frictions on the financial market. Moreover, price posting on retail markets allows to establish a forward-looking Search Phillips Curve. The mo...

This paper implements a fair wage constraint in the fashion of Akerlof and Yellen (1990) into an analytically tractable core-periphery agglomeration model. This enables us to study the role of imperfect labour markets for the pattern of agglomeration. We illustrate that, in the short run, a marginal increase in fair wage preferences leads to an unambiguous compression of the national factor pri...