The Role of Openness and Labour Market Institutions for Employment Dynamics during Economic Crises

Employment Working Paper No. 68

1. Introduction
2. Literature review
3. Stylized facts from past global economic downturns and domestic crises
4. Data
5. Estimation approach
6. Results
6.1 The average crisis effect
6.2 The role of openness
6.3 The role of labour market institutions
6.4 Robustness checks
7. Application to the 2008/9 crisis
8. Conclusions