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Europe and the economic crisis: forms of labour market adjustment and varieties of capitalism
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Europe and the economic crisis: forms of labour market adjustment and varieties of capitalism
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Journal Article
Europe and the economic crisis: forms of labour market adjustment and varieties of capitalism
2011
Overview
The economic crisis that beset Europe in 2007 had a considerable impact on employment. Since 2008, unemployment has increased throughout Europe, but adjustment mechanisms affecting the labour market have varied from one country to another. By examining six representative European Union countries from the EU15, this article examines three types of adjustment involving segmentation, working hours and unemployment/underemployment. These adjustment systems, which originate from business strategy and which are partly supported by public policy measures, reflect the persistence of three varieties of capitalism in Europe.
Publisher
SAGE Publications,Sage,Sage Publications Ltd,SAGE Publications (UK and US)
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