Premium
Introduction: European labour markets in economic crisis
Author(s) -
TORRES Raymond
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.2013.00175.x
Subject(s) - unemployment , consolidation (business) , economics , recession , financial crisis , investment (military) , great recession , economic policy , labour economics , macroeconomics , political science , finance , politics , law
. Since the onset of the 2008 financial crisis, a further 8 million Europeans have become unemployed. And prolonged recession entails other risks examined here, in terms of labour market exclusion, the economic costs of long‐term unemployment, and the extent to which enterprises' job‐creating investment potential may become severely constrained. Against this background, the author critically reviews the European policy response with particular attention to the shift to fiscal consolidation since mid‐2010 and its long‐term implications for Europe's economies, labour markets and societies. Introducing the studies featured in this Special Issue, he draws on their empirical findings to discuss policy options for a reversal of current trends.