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Coping with the unemployment crisis in Europe
Author(s) -
Sarfati Hedva
Publication year - 2013
Publication title -
international labour review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.433
H-Index - 46
eISSN - 1564-913X
pISSN - 0020-7780
DOI - 10.1111/j.1564-913x.2013.00173.x
Subject(s) - unemployment , coping (psychology) , recession , economics , active labour market policies , full employment , social protection , labour economics , pension , social partners , financial crisis , social policy , economic policy , market economy , macroeconomics , economic growth , psychology , finance , psychiatry
. Since the 1970s, Europe has been plagued by a chronic unemployment crisis, which has escalated with the current Great Recession. The author discusses a number of relevant elements in this regard, including the extent to which social dialogue and social pacts have been successful in reforming labour markets and pension systems, the effect of active labour market policies and the characteristics of “resilient” economies. She concludes with the need to rethink social dialogue, social safety nets, the granting of loans – especially to SMEs – and the coordination of macroeconomic policies to increase labour demand.