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Labour versus leisure preferences and employment in Europe

Moriconi, Simone, Peri, Giovanni, (2015), “Labour versus leisure preferences and employment in Europe”, Voxeu, 19 Οκτωβρίου

Unemployment rates vary widely across EU countries. While national institutions and policies explain much of the variation, cultural values, attitudes, and beliefs may also play a role. This column uses survey data from 26 EU countries to investigate the existence of culturally transmitted preferences for work. Country-specific preferences for work are found to have a positive effect on emigrants’ labour market outcomes, with those from countries with an above-average preference for work having higher employment rates abroad. Cultural preferences are significant enough that EU countries may never converge to the same employment rate.

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