TY - BOOK ID - 133492821 TI - Regional Disparities in Europe AU - Balakrishnan, Ravi. AU - Rabier, Louise. AU - Ebeke, Christian. AU - Firat, Melih. AU - Malacrino, Davide. PY - 2022 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Economics: General KW - Environmental Conservation and Protection KW - Diseases: Contagious KW - Labor KW - Environmental Policy KW - Size and Spatial Distributions of Regional Economic Activity KW - Demand and Supply of Labor: General KW - Human Capital KW - Skills KW - Occupational Choice KW - Labor Productivity KW - Environment and Growth KW - Climate KW - Natural Disasters and Their Management KW - Global Warming KW - Health Behavior KW - Employment KW - Unemployment KW - Wages KW - Intergenerational Income Distribution KW - Aggregate Human Capital KW - Aggregate Labor Productivity KW - Environmental Economics: Government Policy KW - Financial Crises KW - Economic & financial crises & disasters KW - Economics of specific sectors KW - Climate change KW - Infectious & contagious diseases KW - Labour KW - income economics KW - Environmental policy & protocols KW - Greenhouse gas emissions KW - Environment KW - COVID-19 KW - Health KW - Climate policy KW - Global financial crisis of 2008-2009 KW - Financial crises KW - Currency crises KW - Informal sector KW - Economics KW - Greenhouse gases KW - Communicable diseases KW - Economic theory KW - Environmental policy KW - Global Financial Crisis, 2008-2009 KW - United Kingdom UR - https://www.unicat.be/uniCat?func=search&query=sysid:133492821 AB - While the level of disparities across regions in 10 advanced European economies studied in this paper mostly reflects productivity gaps, the increase since the Great Recession has resulted from diverging unemployment rates. Following the pandemic, this could be further exacerbated given teleworkability rates are lower in poorer regions than in high-income regions, making them ex-ante more vulnerable to the pandemic’s likely material impact on the prevalence of remote work. Preliminary evidence from 2020 confirms that regional disparities between countries increased during 2020. A further concern is that the pandemic might accelerate the automation of jobs across Europe, something which often happens following recessions. While lagging regions have lower ex-ante vulnerabilities against the routinization, the transformation of jobs through sectors with higher routinization rates in these regions could increase their vulnerability to technological change over time. The green transition could also lead to challenges for regions that have benefitted from carbon-intensive growth strategies. Finally, the paper discusses the role for policies—including placed-based ones—in reducing disparities in the face of the aforementioned short, medium, and long-term risks. ER -