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Comparing the Effectiveness of Employment Subsidies

Brown, Alessio J G; Merkl, Christian; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2007

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …

Persistent link: https://www.econbiz.de/10005666681

Has Work Sharing Worked in Germany?

Hunt, Jennifer - C.E.P.R. Discussion Papers - 1997

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

Structural Reforms and Growth: Product and Labor Market Deregulations

Eijffinger, Sylvester C W; Rossi, Alberto - C.E.P.R. Discussion Papers - 2006

The paper focuses on labor and product market deregulations, as fundamental elements in the passage from an investment to an innovation-based economy. The approach undertaken is prominently empirical. After a very brief description of the regulatory levels on the two sides of the Atlantic, we...

Persistent link: https://www.econbiz.de/10005792522

Unemployment Accounts and Employment Incentives

Brown, Alessio J G; Orszag, Mike; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2006

people's employment incentives and could achieve reductions in unemployment without reducing the level of support to the …

Persistent link: https://www.econbiz.de/10005123628

Unemployment in the EU: Institutions, Prices and Growth

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2004

This Paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labour market adjustment processes, (b) the interplay between these adjustment processes and the...

Persistent link: https://www.econbiz.de/10005124001

An Incentive Theory of Matching

Brown, Alessio J G; Merkl, Christian; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...

Persistent link: https://www.econbiz.de/10005000439

Is Short-time Work a Good Method to Keep Unemployment Down?

Cahuc, Pierre; Carcillo, Stéphane - C.E.P.R. Discussion Papers - 2011

and employment. There is some evidence that short-time compensation programs stabilize permanent employment and reduce …

Persistent link: https://www.econbiz.de/10008854459

Why Does the Yield Curve Predict Economic Activity? Dissecting the Evidence for Germany and the United States

Smets, Frank; Tsatsaronis, Kostas - C.E.P.R. Discussion Papers - 1997

This paper investigates why the slope of the yield curve predicts future economic activity in Germany and the United States. A structural VAR is used to identify aggregate supply, aggregate demand, monetary policy and inflation scare shocks and to analyse their effects on the real, nominal and...

Persistent link: https://www.econbiz.de/10005123911