Sprache:
Englisch
Seiten:
1 Online-Ressource (49 p.)
,
21 x 28cm.
Serie:
OECD Local Economic and Employment Development (LEED) Papers no.2024/08
Schlagwort(e):
Urban, Rural and Regional Development
;
Industry and Services
Kurzfassung:
To mark the 40th anniversary of the OECD Local Employment and Economic Development (LEED) Programme, this paper examines determinants and consequences of employment resilience, or lack of, in European NUTS3/TL3/TL3 regions over the last 40 years. Descriptive evidence shows that the least resilient regions (those with the largest percentage drop in employment during a recession) slip to persistently lower post-recession employment-to-population ratio trajectories. On the other hand, regions with higher productivity pre-recession lost proportionally fewer jobs during a recession and were more likely to recover to the pre-recession employment levels (except for the recession induced by the COVID-19 pandemic). Overall, the findings point to the ability of productivity to serve as a shield against negative employment impacts of economic crises.
