Until recently, regional labour market imbalances were considered transitory phenomena caused by state failure in yielding distorted investment incentives and by labour market rigidities. Labour mobility and wage flexibility were at the core of the debate over the causes of and cures for...

The 2008 global financial and economic crisis led to a significant increase in unemployment rates in most developed economies, yet despite the rising supply of labor, a high share of employers claim that they cannot find the right talent and skills. Concerns that economic restructuring and...