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We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a … business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started … in response to the reform are, on average, smaller, but have similar growth expectations and education levels compared to …
Persistent link: https://www.econbiz.de/10012457949
This paper uses the Italian Social Security employer-employee panel to study the effects of the Italian reform of 1990 … on worker and job flows. We exploit the fact that this reform increased unjust dismissal costs for firms below 15 …, especially in sectors with higher employment volatility. Moreover, we find that the reform reduced firms' employment adjustments …
Persistent link: https://www.econbiz.de/10012467018
-state conditions of the model, suggest the reform contributed to 10% of the reduction in unemployment during the period of study … Reform of 1990. A theoretical model illustrates the effect of dismissal costs when there is a noncompliant sector. The model … informal workers (who are not covered and were, thus, not directly affected by the reform). The differences …
Persistent link: https://www.econbiz.de/10012468479
adjustment in lieu of layoffs by providing prorated unemployment compensation to workers on reduced hours. This paper compares …
Persistent link: https://www.econbiz.de/10012474563
European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment …
Persistent link: https://www.econbiz.de/10012463023
We study the relationship between employee satisfaction and abnormal stock returns around the world, using lists of the "Best Companies to Work For" in 14 countries. We show that employee satisfaction is associated with positive abnormal returns in countries with high labor market flexibility,...
Persistent link: https://www.econbiz.de/10012458367
Persistent link: https://www.econbiz.de/10000072556
suggests that the reform on job security had no significant effect on the aggregate rate of unemployment …This paper deals with the reform to labor market regulation implemented by Chile during the last twenty years. We … concentrate on the reform to job security, on the decentralization of the wage bargaining process, and on the reduction in payroll …
Persistent link: https://www.econbiz.de/10012471121
We study how trade linkages affect the conduct of monetary policy in a two-country model with heterogeneous firms, endogenous producer entry, and labor market frictions. We show that the ability of the model to replicate key empirical regularities following trade integration---synchronization of...
Persistent link: https://www.econbiz.de/10012481329
, permanent unemployment subsidies, firing costs, etc. Such policies create incentives to develop and adopt labor saving capital …
Persistent link: https://www.econbiz.de/10012466081