Instituciones del mercado de trabajo y crisis en la UE15

  1. Laura Pérez Ortiz 1
  2. Ana I. Viñas Apaolaza 2
  3. Julimar da Silva Bichara 1
  4. Mª Isabel Heredero 1
  1. 1 Universidad Autónoma de Madrid
    info

    Universidad Autónoma de Madrid

    Madrid, España

    ROR https://ror.org/01cby8j38

  2. 2 Universidad Europea de Madrid
    info

    Universidad Europea de Madrid

    Madrid, España

    ROR https://ror.org/04dp46240

Journal:
Revista del Ministerio de Empleo y Seguridad Social: Revista del Ministerio de Trabajo, Migraciones y Seguridad Social

ISSN: 2254-3295

Year of publication: 2019

Issue Title: Economía y Sociología

Issue: 141

Pages: 83-110

Type: Article

More publications in: Revista del Ministerio de Empleo y Seguridad Social: Revista del Ministerio de Trabajo, Migraciones y Seguridad Social

Abstract

The impact of the crisis on the European labour markets has brought mixed results, as a consequence not only of the different evolution of the economic crisis but also of the different policy responses. Indeed, one area where most substantive changes were felt was the labour market institutions, which are fundamental for the proper working of the labour markets institutions. These transformations are shaping a new map of labour relations in the European Union, whose future consequences for labour markets are beginning to be assessed by different international organizations. The reform effort that has shaken Europe, under the guidelines of the European Commission, the European Central Bank and the International Monetary Fund, seeks greater flexibility in labour relations and labour markets. However, this unique vision of deregulation and flexibilisation in European policy has a broader perspective in academic literature. There are works that reflect a direct relationship between the high regulation of labour institutions and the evolution of unemployment (such as, for example, Nickell and Layard, 1999 or the OECD, 1994), but also there are researches that highlights the mitigating role of labour market institutions on macroeconomic evolution (Visser, 2013). The aim of this paper is to contrast whether the transformations of labour market institutions have been similar or heterogeneous among 15 EU countries during the period of the Great Recession (2007-2015). To address the research, we selected four paradigmatic labour market institutions: employment protection, unemployment benefits, active labour market policies and collective bargaining. We make an analysis of the theoretical framework and a description of the main milestones that have occurred in the countries, from a normative and economic perspective. This synthesizes a first distribution of the direction of the transformations that occurred in the different European countries during the period-analysed (2007-2015). The methodology for carrying out the joint analysis of the transformations in labour institutions reinforces the previous analysis, of a descriptive nature, with the construction of a single synthetic index that groups and homogenises the way of measuring all institutions and comparing them simultaneously. In order to construct this synthetic indicator, we carry out a transformation of the original data, taking as a source of inspiration methodologies previously developed by other authors, such as Eichhorst et al. (2009). We obtained an indicator for each one of the four institutions analysed, for each one of the fifteen countries of the European Union considered, and for both the initial (2007) and final (2015, when availability of the data permits) period. The resulting indicator shows that the higher the value of the index (limited between 0 and 5), the greater the presence of the institution in the definition of labour relations in the country; whereas, on the contrary, the lower the indicator, the greater the presence of the market in labour relations. From these partial indicators, it is obtained a single global synthetic index for the set of labour institutions, which makes it possible to observe the changing trends of all the institutions studied in each country. The results of the index between 2007 and 2015 lend nuance to our preliminary conclusions in the descriptive analysis that signalled a deregulation of labour relations within the 15EU. We validated a drop in the index in ten of the fifteen countries analysed. It decreases significantly in Greece, Ireland, Spain, Portugal and Denmark; and it drops in Italy, Sweden, Germany, the Netherlands and Luxembourg. On the other hand, its trajectory heads in the opposite direction by increasing in Finland, Belgium and the United Kingdom. The index remained unchanged in Austria and France. We devise a cluster analysis based on the synthetic indexes in order to compare how institutions have fared in two moments, 2007 and 2015, and thus determine if the Great Recession and the policies and reforms applied as a response have produced similar effects in the 15 European countries. Our main objective is to signal common behaviour within the 15EU, in each of the two years considered, the beginning and the end of the crisis, and to compare the groupings. This allows us to classify countries according to common characteristics vis-àvis their labour market institutions. From the cluster analysis, we detect the existence of four groups of countries, whose institutions have similar characteristics. Furthermore, the makeup of these groups and their characteristics changed between 2007 and 2015. This reveals important transformations both in the characteristics of the institutions in each grouping as well as which countries make up each group, thus mapping out new labour relations in the 15EU.

Funding information

El presente artículo se enmarca en el proyecto de investigación de I+D+i “Instituciones del mercado de trabajo y crisis: tendencias y transformaciones”, financiado por el Programa Estatal de Investigación, Desarrollo e Innovación orientada a los Retos de la Sociedad 2013-2016 (nº CSO2013-47994-R)

Funders

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