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Employment and Distributional Effects of Restricting Working Time
Marimon, Ramon; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1999
We study the emplyment and distributional effects of regulating (reducing) working time in a general equilibrium model with search-matching frictions. Job creation entails some fixed costs, but existing jobs are subject to diminishing returns. We characterize the equilibrium in the de-regulated...
Persistent link: https://www.econbiz.de/10005067610
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A Framework for Analysing the Political Support for Active Labour Market Policy
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1995
We develop a general equilibrium analysis of the impact of active labour market policy on unemployment, wages and the … employed have little exposure to unemployment and if the demand for unskilled labour is inelastic, there may be political … support for policies which actually raise the equilibrium level of total unemployment. …
Persistent link: https://www.econbiz.de/10005662144
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Multiple Equilibria and Minimum Wages in Labour Markets with Informational Frictions and Heterogenous Production Technologies
den Berg, Gerard J van - C.E.P.R. Discussion Papers - 2003
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005666625
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The Detaxation of Overtime Hours: Lessons from the French Experiment
Cahuc, Pierre; Carcillo, Stéphane - C.E.P.R. Discussion Papers - 2011
In October 2007 France introduced an exemption on the income tax and social security contributions that applied to wages received for hours worked overtime. The goal of the policy was to increase the number of hours worked. This article shows that this reform has had no significant impact on...
Persistent link: https://www.econbiz.de/10008854516
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Short-Time Work: The German Answer to the Great Recession
Brenke, Karl; Rinne, Ulf; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2011
the recession and peaked at more than 1.5 million. Without the extensive use of short-time work, unemployment would have …
Persistent link: https://www.econbiz.de/10009147409
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Measuring Labour Market Frictions: A Cross-Country Comparison
Ridder, Geert; den Berg, Gerard J van - C.E.P.R. Discussion Papers - 2003
we examine the policy effects of the minimum wage, unemployment benefits and search frictions. …
Persistent link: https://www.econbiz.de/10005281358
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Unemployment and Inflation in Ireland: 1926-2012
Gerlach, Stefan; Lydon, Reamonn; Stuart, Rebecca - C.E.P.R. Discussion Papers - 2015
We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU …
Persistent link: https://www.econbiz.de/10011272719
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Firm Leverage and Unemployment during the Great Recession
Giroud, Xavier; Mueller, Holger M - C.E.P.R. Discussion Papers - 2015
We argue that firms’ balance sheets were instrumental in the propagation of shocks during the Great Recession. Using establishment-level data, we show that firms that tightened their debt capacity in the run-up (“high-leverage firms”) exhibit a significantly larger decline in employment in...
Persistent link: https://www.econbiz.de/10011252614
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What Explains the German Labor Market Miracle in the Great Recession?
Burda, Michael C; Hunt, Jennifer - C.E.P.R. Discussion Papers - 2011
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment loss. Employers’ reticence to hire in the preceding expansion, associated in part with a lack of confidence it would last, contributed to an employment shortfall equivalent to...
Persistent link: https://www.econbiz.de/10009246610
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Returns to Education across Europe
Glocker, Daniela; Steiner, Viktor - C.E.P.R. Discussion Papers - 2011
the indirect wage effect resulting from lower unemployment risks and shorter spells in unemployment associated with higher … accounting for the effects of unemployment on individual wages using EU-SILC data. Across countries we find a high variation of … the effect of education on unemployment duration. Overall, the returns to education are estimated to be the highest in the …
Persistent link: https://www.econbiz.de/10009293660