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positivepredictions of the model change very little, but the welfare costs of unemployment are muchlarger because unemployment risk is … distributed unequally across workers. As a result,optimal unemployment insurance may be higher and welfare is lower if hiring is …
Persistent link: https://www.econbiz.de/10009486873
The Swedish labour market and social policy is aimed at facilitating flexibility in the labourmarket. The active labour market policy and the design of the social security pension systemare two frequently mentioned examples of that policy...
Persistent link: https://www.econbiz.de/10005862558
This paper analyzes the effect of firing costs on aggregate productivity growth. For thispurpose, a model of endogenous growth through selection and imitation is developed. It isconsistent with recent evidence on firm dynamics and on the importance of reallocation forproductivity growth...
Persistent link: https://www.econbiz.de/10005861413
This paper provides evidence about the effects of dismissals-for-cause requirements, aspecific component of employment protection legislation that has received little attentiondespite its potential relevance. We study a quasi-natural experiment generated by a lawintroduced in Portugal in 1989:...
Persistent link: https://www.econbiz.de/10005861536
In a perfect labor market severance payments can have no real effects as they can beundone by a properly designed labor contract (Lazear 1990). We give empirical content tothis proposition by estimating the effects of EPL on entry wages and on the tenure-wageprofile in a quasi-experimental...
Persistent link: https://www.econbiz.de/10005863224
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion...
Persistent link: https://www.econbiz.de/10005859642
In Portugal duration of benefits is exclusively age determined while replacement rates are toall intents and purposes uniform. We exploit differences in potential maximum duration ofbenefits for nearly matched pairs of individuals who differ in age by one year and in potentialmaximum duration of...
Persistent link: https://www.econbiz.de/10005862081
A duration model based on the time on Unemployment Insurance (UI) benefits instead of amodel based on the time till re …
Persistent link: https://www.econbiz.de/10005862577
In this paper, we review the literature on the “spike” in unemployment exit rates aroundbenefit exhaustion, and present … new evidence based on administrative data for a largesample of job losers in Austria. We find that the way unemployment …
Persistent link: https://www.econbiz.de/10005863259
´s institutional response to the increase in unemployment and poverty triggered by the crisis. The program provided a social safety net …
Persistent link: https://www.econbiz.de/10005859542