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Short-Time Work Subsidies in a Matching Model

Meier, Volker - 2019

demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases …

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

Long-Term Effects of Hiring Subsidies for Unemployed Youths—Beware of Spillovers

Albanese, Andrea; Cockx, Bart; Dejemeppe, Muriel - 2022

We use (donut) regression discontinuity design and difference-in-differences estimators to estimate the impact of a one-shot hiring subsidy targeted at low-educated unemployed youths during the Great Recession recovery in Belgium. The subsidy increases job-finding in the private sector by 10...

Persistent link: https://www.econbiz.de/10014244086

Public Employment Agency Reform, Matching Efficiency, and German Unemployment

Merkl, Christian; Sauerbier, Timo - 2023

Our paper analyzes the role of public employment agencies in job matching, in particular the effects of the … restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment … workers reduced unemployed by 0.8 percentage points. Through the lens of an aggregate matching function, more activation is …

Persistent link: https://www.econbiz.de/10014358809

Bayesian Estimation of Epidemiological Models : Methods, Causality, and Policy Trade-Offs

Arias, Jonas; Fernández-Villaverde, Jesús; … - 2021

We present a general framework for Bayesian estimation and causality assessment in epidemiological models. The key to our approach is the use of sequential Monte Carlo methods to evaluate the likelihood of a generic epidemiological model. Once we have the likelihood, we specify priors and rely...

Persistent link: https://www.econbiz.de/10013235115

Abadie's Kappa and Weighting Estimators of the Local Average Treatment Effect

Słoczyński, Tymon; Uysal, Selver Derya; Wooldridge, … - 2022

In this paper we study the finite sample and asymptotic properties of various weighting estimators of the local average treatment effect (LATE), several of which are based on Abadie (2003)’s kappa theorem. Our framework presumes a binary endogenous explanatory variable (“treatment”) and a...

Persistent link: https://www.econbiz.de/10013291319

Causal Effects of Countercyclical Interest Rates : Evidence from the Classical Gold Standard

Mitchener, Kris; Pina, Gonçalo - 2022

We estimate the causal impact of countercyclical interest rates on macroeconomic outcomes in open economies. To identify countercyclical interest rates, we construct a new database of short-term interest rates, principal exports, and international commodity prices for 40 economies from 1870 to...

Persistent link: https://www.econbiz.de/10013291318

Early Child Care and Labor Supply of Lower-Ses Mothers : A Randomized Controlled Trial

Hermes, Henning; Krauß, Marina; Lergetporer, Philipp; … - 2023

We present experimental evidence that enabling access to universal early child care for families with lower socioeconomic status (SES) increases maternal labor supply. Our intervention provides families with customized help for child care applications, resulting in a large increase in enrollment...

Persistent link: https://www.econbiz.de/10014264150

The Role of Short-Time Work and Discretionary Policy Measures in Mitigating the Effects of the COVID-19 Crisis in Germany

Christl, Michael; De Poli, Silvia; Hufkens, Tine; … - 2021

In this paper, we investigate the impact of the COVID-19 pandemic on German household income using a micro-level approach. We combine a microsimulation model with labour market transition techniques to simulate the COVID-19 shock on the German labour market. We find the consequences of the...

Persistent link: https://www.econbiz.de/10013227481

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

Röger, 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