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18/09/2014 - 19/09/2014

Labour economics after the crisis: what theoretical lessons to draw from policy experience?

Labour economics after the crisis: what theoretical lessons to draw from policy experience?

Commissioner László Andor and DG EMPL hosted a two-day conference in Brussels on 18-19 September to discuss the state of play and the way forward in the area of labour economics.

The long financial and economic crisis has had a strong impact on labour markets and employment policy in Europe.

In 2010, at the outset of this Commission, the EU set out ambitious goals in the Europe 2020 Strategy, aiming at a high level of employment through smart, sustainable and inclusive growth including an active industrial policy.

In 2012, in response to the prolonged euro zone crisis, the Commission adopted an Employment Package for a job-rich recovery, aiming to boost the demand for labour and promoting balanced reforms in order to achieve dynamic and inclusive labour markets.

At the same time, the employment agenda has widened to confront new challenges including the need to manage better labour mobility and the need to deepen the social dimension of the EMU. These developments have all required new analytical and intellectual inputs from the expert community.

Now in the 2014, which is a transition year of the European institutions, the EU is emerging from the long crisis with reinforced coordination mechanisms. Their good functioning, however, cannot be taken for granted without clarifying and consolidating the theoretical conclusions of the crisis experience and the evolution of policies.

What needs to be learned and discussed in the area of labour economics? How can academic experts and advisers continue to help the EU in designing and implementing the right policies in the area of employment? The conference brought together theoreticians, experts, analysts, advisers, and policy makers to discuss these questions.

Pictures on Flickr

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  • City: Brussels (Belgium)
  • Address: Management Centre Europe, 118 Rue de l'Aqueduc