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This paper explores the two common concepts of the natural rate of unemployment: (i) the stable, long-run equilibrium rate of unemployment; and (ii) the equilibrium unemployment rate at which there is no tendency for this rate to change, given the exogenous variables. The first concept (common...
Persistent link: https://www.econbiz.de/10005136587
This Paper explores the influence of on-the-job training on the employment effect of firing costs. It shows that on …-the-job training (generating firm specific skills) causes firing costs to have a contractionary influence on average employment (over …
Persistent link: https://www.econbiz.de/10005123858
Temporary employment contracts allowing unrestricted dismissals were introduced in Spain in 1984 and quickly came to … account for most new jobs. In 1997, however, the Spanish government attempted to reduce the incidence of temporary employment … contract regulations on employment and worker flows. Using data from the Spanish Labor Force Survey, we find that the reduction …
Persistent link: https://www.econbiz.de/10005124123
The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy prescriptions rest on different macroeconomic theories, and our...
Persistent link: https://www.econbiz.de/10005136538
The paper examines the employment and unemployment implications of permitting unemployed people to use part of their … unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment … policy would be costless to the government since the cost of the employment vouchers is set equal to the amount saved on …
Persistent link: https://www.econbiz.de/10005067548
This paper explores the optimal design of subsidies for hiring unemployed workers (‘employment vouchers’ for short) in … vouchers on employment and unemployment, the analysis shows how the optimal policy depends on the rates of hiring and firing …
Persistent link: https://www.econbiz.de/10005497832
The paper explores the employment implications of allowing people the opportunity of using a portion of their … incapacity benefits to provide employment vouchers for employers that hire them. The analysis indicates that introducing this … policy could increase employment, raise the incomes of incapacity benefit recipients, and reduce employers’ labour costs. …
Persistent link: https://www.econbiz.de/10005497853
The central objective of this paper is to assess the empirical relevance of labour adjustment costs arising from institutional rigidities and to compare their importance across countries. It thus develops a simple dynamic bargaining model of the union monopoly type that, for the first time,...
Persistent link: https://www.econbiz.de/10005662279
opportunity to use part of their unemployment benefits to provide employment vouchers to the firms that hire them. The vouchers …
Persistent link: https://www.econbiz.de/10005791635
The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...
Persistent link: https://www.econbiz.de/10005791663