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Productivity growth is slowing down among OECD countries, coupled with increased misallocation of resources. A recent strand of literature focuses on the role of non-viable firms (“zombie firms”) to explain these developments. Using a rich firm-level dataset for one of the OECD countries...
Persistent link: https://www.econbiz.de/10011975694
Over the past decade, the share of jobs not controlled by the state has increased considerably, whilst employment in … enforced remains to be seen. For the time being, de facto employment protection is far less than de jure, with an enduring … wages, nor are they effectively enforced. During the recent slowdown, average wages adjusted rapidly and employment was soon …
Persistent link: https://www.econbiz.de/10008480477
Long-term unemployment can lead to skill attrition and have detrimental effects on future employment prospects …, particularly following periods of economic crises when employment growth is slow and cannot accommodate high levels of unemployment …
Persistent link: https://www.econbiz.de/10011432202
This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labour supply, and consumption/saving...
Persistent link: https://www.econbiz.de/10009777700
There are two obvious possibilities that can account for the rise in productivity during recent recessions. The first is that the decline in the workforce was not random, and that the average worker was of higher quality during the recession than in the preceding period. The second is that each...
Persistent link: https://www.econbiz.de/10010969215
structural. This paper argues that to increase employment levels policy will need to focus on reducing significantly the … areas which, if implemented, would serve to reverse the recent decline in employment and improve the fairness of income ... …
Persistent link: https://www.econbiz.de/10012445638
This Paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on …-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over …
Persistent link: https://www.econbiz.de/10005123858
structural. This paper argues that to increase employment levels policy will need to focus on reducing significantly the … areas which, if implemented, would serve to reverse the recent decline in employment and improve the fairness of income …
Persistent link: https://www.econbiz.de/10005046206
Persistent link: https://www.econbiz.de/10011526965
Persistent link: https://www.econbiz.de/10011853565