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https://hdl.handle.net/10316/99617
Título: | Human capital and labour market resilience over time: a regional perspective of the Portuguese case | Autor: | Simões, Marta Andrade, João Sousa Duarte, Adelaide |
Palavras-chave: | Employment resilience, GDP shocks, local projections, structural VARs, NUTS2, Portugal | Data: | 28-Mar-2022 | Relatório da Série N.º: | CeBER Working Paper 2022-01; | Local de edição ou do evento: | https://www.uc.pt/en/uid/ceber/working-paper?key=75078b1e | Resumo: | This paper examines the influence of human capital on labour market resilience in the seven Portuguese NUTS-2 over the period 1995-2018. We define resilience as the ability of regional employment to recover from a shock to output over the business cycle. We use the Local Projection (LP) methodology applied to a SVAR model with three variables - employment, human capital, real GDP - and the output gap as the switching variable for the identification of recession and expansion regimes. We explore SVAR specifications that condition the response of the labour market to two scenarios: (a) the shock to GDP occurs during recessions; and (b) the shock to GDP occurs during expansions. The comparison of the employment responses to GDP shocks between the two regimes is informative about the degree of resilience of the labour market. We find evidence of: (i) distinct effects in terms of the sign and amplitude of GDP shocks on regional employment according to the level of educational attainment of the employees; (ii) labour market resilience and jobless recoveries in several regions; and (iii) different regional reactions of human capital to GDP shocks depending on the regime. | URI: | https://hdl.handle.net/10316/99617 | Direitos: | openAccess |
Aparece nas coleções: | I&D CeBER - Working Papers |
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Ficheiro | Descrição | Tamanho | Formato | |
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wp-ceber-2022-1 (1).pdf | Human capital and labour market resilience over time: a regional perspective of the Portuguese case | 3.37 MB | Adobe PDF | Ver/Abrir |
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