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The Minimum Wage from a Two-Sided Perspective
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis - CESifo - 2014
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...
Persistent link: https://www.econbiz.de/10010877633
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Does Short-Time Work Save Jobs? A Business Cycle Analysis
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - CESifo - 2014
In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to … counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important …
Persistent link: https://www.econbiz.de/10010743447
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Monetary Persistence and the Labor Market: A New Perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis - CESifo - 2010
sluggish. Job creation and job destruction are negatively correlated. And the volatility of unemployment is much larger than in …
Persistent link: https://www.econbiz.de/10008572528