This paper investigates the short-term joint dynamics of productivity and employment during economic down cycles in EU economies over the past 20 years. We disentangle changes in output into changes in employment and in productivity. We focus on the last two decades, highlighting the...

The aim of the paper is to investigate the short-term joint dynamics of productivity and employment during the economic down cycles in the EU economies over the past 20 years. Disentangling the shift in labour demand into a change of employment-productivity schedule and a movement along it, we...