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Table 1 Decomposition of the response of labour market variables after 1 year to an asymmetric labour demand shock

From: Labour mobility and labour market adjustment in the EU

 

Unemployment

Participation

Mobility

Euro area (12 Member States 1973–2005) (1)

33

44

23

EU (51 regions 1975–1987) (2)

21

74

4

EU (47 regions 1977–2011) (3)

30

40

31

EU (NUTS1 regions 1998–2009) (4)

16

60

24

USA (51 States 1978–1990) (5)

32

17

51

USA (51 States 1958–1990) (2)

18

29

52

USA (51 States 1976–1995) (6)

24

43

33

USA (51 States 1976–2005) (1)

22

34

44

USA (51 States 1977–2011) (3)

14

43

43

USA (51 States 1977–2009) (4)

22

24

54

Spain (1976–1994) (7)

36

23

41

Italy (1969–1995) (6)

23

56

22

Germany (1970–1993) (6)

28

61

11

UK (1969–1994) (6)

11

85

4

Canada (1976–1996) (6)

46

43

11

  1. Source: (1) L’Angevin (2007a, b); (2) Decressin and Fatás (1995); (3) Beyer and Smets (2015); (4) Dao et al. (2014); (5) Blanchard and Katz (1992); (6) Obstfeld and Peri (1998); and (7) Bentolila and Jimeno (1998)