The purpose of this paper is to provide insight into the European Union's (EU) member states' exposure to labor market risks. I try to accomplish this by empirically assessing whether there is a pattern of symmetry across the EU over time, or whether particular labor market risks are...

Certain events as September 11, 2001, the flooding in Europe and Romania, Katrina hurricane from last year or the terrorists attacks from London and Madrid – are all compelling to understand the importance of risk exposures and the possibilities to identify them or at least to approximate...