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Unemployment insurance and employment protection are typically discussed and studied in isolation. ln this paper, we … employment protection - in the form of layoff taxes; indeed, optimality requires that layoff taxes be equal to unemployment …, risk neutral firms, and random shocks to productivity. We show that, in the 'first best', unemployment insurance comes with …
Persistent link: https://www.econbiz.de/10005124047
It is widely believed that the integration of European economies will have little impact on labour mobility. This does … not mean, however, that European labour markets will be unaffected by the process of economic integration. In this paper …
Persistent link: https://www.econbiz.de/10005656215
reductions in other sectors. The union campaign aimed to increase employment through ‘work-sharing’, and is being emulated in the …
Persistent link: https://www.econbiz.de/10005114354
relative to male wages, but female employment has fallen 5 percentage points more than male employment. Using the German Socio … of the hazard rate from employment. Differences in mean 1990 wages explain more than one-half of the gender gap in this … hazard rate, since low earners were more likely to leave employment, and were disproportionately female. The withdrawal from …
Persistent link: https://www.econbiz.de/10005792446
lower unemployment. Whether ‘work-sharing’ works – whether employment rises when hours per worker are reduced – is … standard hours, employment rose by 0.3–0.7%, but that total hours worked fell by 2–3%, implying possible output losses. As a … group, however, workers were better off as the wage bill rose. The employment growth implied by the mean standard hours …
Persistent link: https://www.econbiz.de/10005666967
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …, contributed to an employment shortfall equivalent to 40 percent of the missing employment decline in the recession. Another 20 …
Persistent link: https://www.econbiz.de/10009246610
This paper begins from the twin observation that on the one hand, privatization which leaves control in the hands of the insiders has produced little restructuring while on the other, state-owned enterprises have engaged in some restructuring even in the absence of a clear prospect of...
Persistent link: https://www.econbiz.de/10005123917
Product and labour market deregulation are fundamentally about reducing and redistributing rents, leading economic … strong distribution and dynamic effects. The transition may imply the decline of incumbent firms. Unemployment may increase … labour market, which determines the distribution of rents between workers and firms. We then think of product market …
Persistent link: https://www.econbiz.de/10005136620
for fluctuations in unemployment. We show the role of labour market frictions and real wage rigidities in determining the … firms. We derive the relation between inflation and unemployment and discuss how it is influenced by the presence of labour …We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications …
Persistent link: https://www.econbiz.de/10005504699
insight into the problem by examining the determinants of transitions between non-employment (or unemployment) and employment …Following monetary union with the west in June 1990, the employment rate for east German 18-54 year olds fell from 89 …% to 73% in six years, and the decline for women was considerably larger. This employment fall is possibly the worst of any …
Persistent link: https://www.econbiz.de/10005656280