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On the Introduction of Firing Costs
Ahrens, Steffen; Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2009
This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of firing costs in a partial equilibrium context. In addition, we expand our analysis two types of firing costs in a New Keynesian model with purely endogenous separations. We further...
Persistent link: https://www.econbiz.de/10008531659
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Layoff Taxes, Unemployment Insurance, and Business Cycle Fluctuations
Ahrens, Steffen; Nejati, Nooshin; Pfeiffer, Philipp L. - Institut für Weltwirtschaft (IfW) - 2015
This paper studies the role of labor market institutions in business cycle fluctuations. We develop a DSGE model with … search and matching frictions and incorporate a US unemployment insurance experience rating system. Layoff taxes based on … experience rating finance the cost of unemployment benefits and create considerable employment adjustment costs. Our framework …
Persistent link: https://www.econbiz.de/10011162484