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The Impact of Product and Labour Market Reform on Growth : Evidence for OECD Countries Based on Local Projections

de Haan, Jakob - 2020

This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...

Persistent link: https://www.econbiz.de/10012829322

The Euro Crisis and Economic Growth : A Novel Counterfactual Approach

Terzi, Alessio - 2019

warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … crisis countries (Greece, Portugal, Ireland, Cyprus, Spain) based on over 200 past macroeconomic adjustment episodes between … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific …

Persistent link: https://www.econbiz.de/10012866042

Employing the Unemployed of Marienthal : Evaluation of a Guaranteed Job Program

Kasy, Maximilian; Lehner, Lukas - 2023

We evaluate a guaranteed job program launched in 2020 in Austria. Our evaluation is based on three approaches, pairwise matched randomization, a pre-registered synthetic control at the municipality level, and a comparison to individuals in control municipalities. This allows us to estimate...

Persistent link: https://www.econbiz.de/10014357507

The Distributional Impact of Labour Market Reforms : A Model-Based Assessment

Roeger, Werner - 2019

This paper studies the effects of labour market reforms on the functional distribution of income in a DSGE model (Roeger et al., 2008) with skill differentiation, in which households supply three types of labour: low-, medium- and high-skilled. The households receive income from labour, tangible...

Persistent link: https://www.econbiz.de/10012859991

Does it Matter When Labor Market Reforms are Implemented? The Role of the Monetary Policy Environment

Lastauskas, Povilas - 2019

Do labor market reforms initiated in periods of loose monetary policy yield different outcomes from those that were introduced in periods when monetary tightening prevailed? Since economic theory usually pays attention to the steady state change and ignores business cycle interactions of...

Persistent link: https://www.econbiz.de/10012861428

Dream Jobs

Mion, Giordano - 2020

Understanding why certain jobs are 'better' than others and what implications they have for a worker's career is clearly an important but still relatively unexplored question. We provide both a theoretical frame-work and a number of empirical results that help distinguishing 'good' from 'bad'...

Persistent link: https://www.econbiz.de/10012828113

What Hides Behind the German Labor Market Miracle? Unemployment Insurance Reforms and Labor Market Dynamics

Hartung, Benjamin - 2019

A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor market dynamics. We revisit this old question studying the German Hartz reforms. On average, lower separation rates explain 76% of declining unemployment after the reform, a fact...

Persistent link: https://www.econbiz.de/10012892207

Women’s Labor Market Responses to Their Partners’ Unemployment and Low-Pay Employment

Keldenich, Carina - 2019

This paper revisits the added worker effect. Using bivariate random-effects probit estimation on data from the German Socio-Economic Panel we show that women respond to their partners’ unemployment with an increase in labor market participation, which also leads to an increase in their...

Persistent link: https://www.econbiz.de/10012892209

Short-Time Work Subsidies in a Matching Model

Meier, Volker - 2019

We consider positive and normative aspects of subsidizing work arrangements where subsidies are paid in time of low demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases labor demand. Tightening eligibility to short-time work...

Persistent link: https://www.econbiz.de/10012892292

Labor Responses, Regulation and Business Churn

Aloi, Marta - 2019

We develop a model of sluggish firm entry to explain short-run labor responses to technology shocks. We show that the labor response to technology and its persistence depend on the degree of returns to labor and the rate of firm entry. Existing empirical results support our theory based on...

Persistent link: https://www.econbiz.de/10012892301

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