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Productivity Puzzles Across Europe

Editor

Listed:
  • Askenazy, Philippe
    (Senior Researcher CNRS-Paris School of Economics; Professor, Ecole Normale Superieure)

  • Bellmann, Lutz
    (Chair of Labour Economics and Institute for Employment Research, Friedrich-Alexander-University Erlangen-Nuremberg; Head of the Research Department Establishments and Employment, The Research Institute of the Federal Employment Agency)

  • Bryson, Alex
    (Professor of Quantitative Social Science, Department of Social Science, University College London)

  • Moreno Galbis, Eva
    (Professor of Economics, University of Angers)

Abstract
The 2008 financial crisis put an end to an era of sustained economic growth in Europe. The size of the shock differed across European countries and affected economies in different ways. Yet despite this heterogeneity, most European countries suffered a prolonged period of economic slowdown which raised concerns about the risk of a secular stagnation in Europe. This book focuses on labour productivity in Europe, one of the main drivers of growth and prosperity. Although productivity trends became the focus of policy interest in the immediate aftermath of the recession in the UK, 'productivity puzzles' received much less attention in the rest of Europe. These 'puzzles', which are apparent to greater or lesser extents in most European economies, centre on the marked decline in labour productivity growth which occurred with the on-set of recession. They are puzzles because, in neo-classical economics, firms respond to demand shocks by laying off workers, thus maintaining labour productivity and limiting growth in unit labour costs. Yet this didn't happen in this recession - at least, not to the same extent as in previous recessions, except in Spain. This book brings together contributions from leading European economists who analyse production models and macroeconomic policies, with specific focus on European countries that represent around 60% of the EU GDP. Chapters on France, Germany, the UK, and Spain provide new evidences at the firm/workplace level, and stress the role of transitory labour market mechanisms Contributors to this volume - Dan Andrews, OECD Philippe Askenazy, CNRS- Paris School of Economics and Ecole Normale Superieure Lutz Bellmann, University of Erlangen-Nuremberg Tito Boeri, INPS Alex Bryson, UCL Martin Chevalier, INSEE Nicholas Crafts, University of Warwick Eva Moreno-Galbis, University of Maine Hans-Dieter Gerner, University of Applied Sciences Koblenz Christine Erhel, University Paris 1 Pantheon-Sorbonne John Forth, National Institute of Economic and Social Research Laura Hospido, Bank of Spain Marie-Christine Laible, Institute for Employment Research Nuremberg Marcel Timmer, University of Groningen Bart van Ark, The Conference Board

Suggested Citation

  • Askenazy, Philippe & Bellmann, Lutz & Bryson, Alex & Moreno Galbis, Eva (ed.), 2016. "Productivity Puzzles Across Europe," OUP Catalogue, Oxford University Press, number 9780198786160.
    • Handle: RePEc:oxp:obooks:9780198786160
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Rob Gandy & Chris Mulhearn, 2021. "Allowing for unemployment in productivity measurement," SN Business & Economics, Springer, vol. 1(1), pages 1-38, January.
    2. Bart van Ark & Kirsten Jäger, 2017. "Recent Trends in Europe's Output and Productivity Growth Performance at the Sector Level, 2002-2015," International Productivity Monitor, Centre for the Study of Living Standards, vol. 33, pages 8-23, Fall.
    3. Alex Bryson & Michael White, 2019. "Migrants and Low-Paid Employment in British Workplaces," Work, Employment & Society, British Sociological Association, vol. 33(5), pages 759-776, October.
    4. Philippe Askenazy & Christine Erhel, 2017. "La productivité du travail en déclin : quels liens avec les transformations du marché du travail ?," Post-Print hal-02138346, HAL.
    5. Blanchflower, David G. & Bryson, Alex, 2021. "The Economics of Walking About and Predicting Unemployment," GLO Discussion Paper Series 922, Global Labor Organization (GLO).
    6. Peter Bauer & Igor Fedotenkov & Aurelien Genty & Issam Hallak & Peter Harasztosi & David Martinez Turegano & David Nguyen & Nadir Preziosi & Ana Rincon-Aznar & Miguel Sanchez Martinez, 2020. "Productivity in Europe: Trends and drivers in a service-based economy," JRC Research Reports JRC119785, Joint Research Centre.
    7. Philippe Askenazy, 2022. "Worker surveillance capital, labour share, and productivity [Workplace surveillance: an overview]," Oxford Economic Papers, Oxford University Press, vol. 74(1), pages 85-93.
    8. Ian Goldin & Pantelis Koutroumpis & François Lafond & Julian Winkler, 2024. "Why Is Productivity Slowing Down?," Journal of Economic Literature, American Economic Association, vol. 62(1), pages 196-268, March.
    9. Pierre Courtioux & Christine Erhel & Daniel Vaughan-Whitehead, 2020. "Les classes moyennes en Europe au sortir de la crise de 2008," Post-Print hal-03666494, HAL.
    10. David M. Byrne & John G. Fernald & Marshall B. Reinsdorf, 2016. "Does the United States Have a Productivity Slowdown or a Measurement Problem?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 47(1 (Spring), pages 109-182.
    11. Bernd Brandl & Nils Braakmann, 2021. "The effects of collective bargaining systems on the productivity function of firms: An analysis of bargaining structures and processes and the implications for policy making," Industrial Relations Journal, Wiley Blackwell, vol. 52(3), pages 218-236, May.
    12. Philippe Askenazy, 2020. "Worker surveillance capital, labour share and productivity [Surveillance des travailleurs, partage de valeur ajoutée et productivité]," Working Papers hal-02877703, HAL.
    13. Nick Jacob & Giordano Mion, 2023. "The UK's Great Demand and Supply Recession," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(5), pages 993-1022, October.
    14. Christine Erhel & Mathilde Guergoat-Larivière, 2016. "Innovations and job quality regimes: a joint typology for the EU," Working Papers hal-01907472, HAL.
    15. Christine Erhel & Mathilde Guergoat-Larivière, 2016. "Innovations and job quality regimes: a joint typology for the EU," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01907472, HAL.
    16. John Fernald, 2018. "Cyclical Downturn or Slowing Trend? A Review Article on Productivity Puzzles across Europe," International Productivity Monitor, Centre for the Study of Living Standards, vol. 34, pages 110-117, Spring.
    17. Erling Rasmussen & Michael Fletcher, 2018. "Employment Relations Reforms and New Zealand’s ‘Productivity Paradox’," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 21(1), pages 75-92.
    18. Blanchflower, David G. & Bryson, Alex, 2023. "Labour Market Expectations and Unemployment in Europe," IZA Discussion Papers 15905, Institute of Labor Economics (IZA).
    19. Askenazy, Philippe & Palier, Bruno, 2018. "France: rising precariousness supported by the welfare state," CEPREMAP Working Papers (Docweb) 1801, CEPREMAP.

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