Country-Specific Preferences and Employment Rates in Europe / Simone Moriconi, Giovanni Peri.

Format:

Book

Author/Creator:

Moriconi, Simone.

Contributor:

National Bureau of Economic Research.

Peri, Giovanni.

Series:

Working Paper Series (National Bureau of Economic Research) no. w21561.

NBER working paper series no. w21561

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2015.

Summary:

European countries exhibit significant differences in employment rates of adult males. Differences in labor-leisure preferences, partly determined by cultural values that vary across countries, can be responsible for part of these differences. However, differences in labor market institutions, productivity, and skills of the labor force are also crucial factors and likely correlated with preferences. In this paper we use variation among first- and second-generation cross-country European migrants to isolate the effect of culturally transmitted labor-leisure preferences on individual employment rates. If migrants maintain some of their country of origin labor-leisure preferences as they move to different labor market conditions, we can separate the impact of preferences from the effect of other factors. We find country-specific labor-leisure preferences explain about 24% of the top-bottom variation in employment rates across European countries.

Notes:

Print version record

September 2015.