Employment and employment conditions in the current economic crisis in Croatia

Abstract

goran vukšić: employment and employment conditions in the current economic crisis in croatia financial theory and practice 38 (2) 103-138 (2014)

Pre-Crisis Wage Leadership in Croatia in the Context of Export Competitiveness: Any Lessons for the Future?

“…At the same time, the unemployment rate, which had been continuously falling between 2000 and 2008, increased during the crisis by about 9 percentage points after 2008, and amounted to around 18 per cent in 2013 (Labour Force Survey data, seasonally adjusted, EC, 2016). Thus, as described by Vukšić (2014), the primary (at aggregate level) mode of adjustment to the crisis was a decline in employment, which exceeded the real wage reductions. The latter was negative in this period in all three groups of economic activities, with the decline being somewhat stronger in government and SOE sectors than in the private sectors, as shown in the last column of Table 8.…”

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“…Therefore, personal income tax reforms have usually been followed by reforms pertaining to the financing of LGUs (in 2007, 2012, 2015, 2017 and 2018), which resulted in a short-term increase in the LGUs' revenues. Finally, the 2009-2014 crisis severely affected LGU budgets, as employment levels (and personal income tax revenues) nosedived (Vukšić, 2014). Consequently, the contraction of local revenues was much stronger than the GDP change in 2010 and 2011 (table 1).…”

Crise econômica brasileira e ajuste da ocupação: uma análise para diferentes grupos de trabalhadores entre 2012 e 2017

“…Particularmente, considerando as crises financeiras da década de 1990 e a crise internacional de 2008, houve substancial aumento do desemprego juvenil nos países europeus e nos EUA, segundo Verick (2009), Elsby e Sahin (2010), Barakat (2010), e Hoynes e Schaller (2012). O mesmo foi verificado para países de renda média Cho, 2013;Vukšic, 2014).…”

“…Já para os países de médio desenvolvimento, os resultados não são claros. Alguns estudos mostram que, como consequência da crise de 2008, a educação adicional reduziu a perda do emprego na Croácia (Vukšic, 2014) e no Peru (Glewwe, 1998). Cho (2013), por outro lado, mostram que, para o caso de dezessete países de renda média, os efeitos dessa mesma crise foram mais graves para os mais qualificados.…”