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Short-time work compensations and employment

Cahuc, Pierre - In: IZA World of Labor (2014)

Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...

Persistent link: https://www.econbiz.de/10011404834

Short-time work compensation schemes and employment

Cahuc, Pierre - In: IZA World of Labor (2019)

Persistent link: https://www.econbiz.de/10012120538

Short-time work compensations and employment

Cahuc, Pierre - In: IZA World of Labor (2014) May, pp. 1-10

Persistent link: https://www.econbiz.de/10010884429

Monetary persistence and the labor market : a new perspective

Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2010

sluggish. Job creation and job destruction are negatively correlated. And the volatility of unemployment is much larger than in …

Persistent link: https://www.econbiz.de/10003937114

A theory of wage adjustment under loss aversion

Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014

We present a new theory of wage adjustment, based on worker loss aversion. In line with prospect theory, the workers' perceived utility losses from wage decreases are weighted more heavily than the perceived utility gains from wage increases of equal magnitude. Wage changes are evaluated...

Persistent link: https://www.econbiz.de/10010465159

The minimum wage from a two-sided perspective

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2014

This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...

Persistent link: https://www.econbiz.de/10010371904

Worker identity, employment fluctuations and stabilization policy

Lechthaler, Wolfgang; Snower, Dennis J. - 2013

This paper provides a model of "social hysteresis", whereby long, deep recessions demotivate workers and thereby lead them to change their work ethic. In switching from a pro-work to an anti-work identity, their incentives to seek and retain work fall and consequently their employment chances...

Persistent link: https://www.econbiz.de/10009753001

Two-tier labor markets in the great recession : France vs. Spain

Bentolila, Samuel; Cahuc, Pierre; Dolado, Juan J.; Le … - 2010

labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

Persistent link: https://www.econbiz.de/10008757525

Unemployment in the European Union : institutions, prices, and growth : presented at CESifo Area Conference on Employment and Social Protection, June 2004

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2004

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

Persistent link: https://www.econbiz.de/10011450238

Le difficile retour en emploi des seniors

Cahuc, Pierre - 2005

Persistent link: https://www.econbiz.de/10003088944