Strikingly, in the case of household consumption the changes in mix have been much less
employment-friendly for the European economies than the changes in final demand overall. Only
in Germany (and very marginally Spain) has the effect been positive at all. For France, the UK
and the Netherlands the change in the consumption mix has been employment-reducing. Only
the rising overall share of Services in consumption has had a universally positive effect on
employment. The changing mix within services has reinforced this in Germany, but in the UK,
France and the Netherlands the changing mix within Services and within Manufacturing have
more than offset this, to give a lower level of employment overall. The US has gained
employment from the changing consumption mix, but very modestly. The shifts within the
Service mix (at current prices) has reduced the employment sustained by consumption activities
everywhere except in Germany, and the shift in the Manufacturing mix has reduced it
everywhere (except, marginally, in the Netherlands). Eliminating relative price changes reverses
the (still small) effect for the Netherlands and strengthens the employment-friendliness in the
shift in the US. However, it also exacerbates the employment-unfriendliness of the changing
consumption mixes in the UK and France.
23
More intriguing information
1. On the Relation between Robust and Bayesian Decision Making2. The name is absent
3. The name is absent
4. Survey of Literature on Covered and Uncovered Interest Parities
5. The name is absent
6. The name is absent
7. Urban Green Space Policies: Performance and Success Conditions in European Cities
8. The name is absent
9. Fertility in Developing Countries
10. The name is absent