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Does short-time work save jobs? : a business cycle analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2014

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...

Persistent link: https://www.econbiz.de/10010249718

Employment protection and the market for innovations

Bastgen, Andreas; Holzner, Christian - 2015

We study the effects of employment protection taking into account that firms can invest in R&D or buy new technologies in order to restore their productivity. To do so we develop an equilibrium matching model with an imperfect labor and innovation market. If employment protection is introduced,...

Persistent link: https://www.econbiz.de/10010496891

Asymmetries in risk premia, macroeconomic uncertainty and business cycles

Görtz, Christoph; Yeromonahos, Mallory - 2019

measures for this risk premium, we document that it also exhibits growth asymmetry, i.e. the risk premium rises sharply in … which agents cannot perfectly observe the state of current productivity, can generate the observed asymmetry in the risk … accuracy. In addition to matching moments of the risk premium, the model is also successful in generating the growth asymmetry …

Persistent link: https://www.econbiz.de/10012129784

The role of oil price shocks in causing U.S. recessions

Kilian, Lutz; Vigfusson, Robert J. - 2016

Although oil price shocks have long been viewed as one of the leading candidates for explaining U.S. recessions, surprisingly little is known about the extent to which oil price shocks explain recessions. We provide a formal analysis of this question with special attention to the possible role...

Persistent link: https://www.econbiz.de/10011421672

A congestion theory of unemployment fluctuations

Mercan, Yusuf; Schoefer, Benjamin; Sedlácek, Petr - 2020

In recessions, unemployment increases despite the - perhaps counterintuitive - fact that the number of unemployed workers finding jobs expands. On net, unemployment rises only because even more workers lose their jobs. We propose a theory of unemployment fluctuations resting on this...

Persistent link: https://www.econbiz.de/10012373190

Reduction of employment protection in Europe : a comparative fuzzy-set analysis

Ochel, Wolfgang; Rohwer, Anja - 2009

Since the middle of the 1980s many European countries have reduced the strictness of their employment protection mainly by relaxing it for temporary jobs. These countries are Belgium, Denmark, Germany, Greece, Italy, the Netherlands, Portugal, Spain and Sweden. The article explores the...

Persistent link: https://www.econbiz.de/10003897340

Labour market performance and start-up costs : OECD evidence

López-García, Paloma - 2003

This paper is intended to make a contribution to the empirical literature explaining the rise of unemployment since the 1970s in western economies by means of interactions between shocks and institutions. The contribution is twofold. First, the impact of a general feature of developed economies...

Persistent link: https://www.econbiz.de/10011514145

Temporary layoffs and unemployment insurance : is experience rating desirable?

Fath, Julia; Fuest, Clemens - 2002

This paper explores how the introduction of an experience rated system of unemployment insurance affects employment and welfare in a model where implicit contracts between firms and workers give rise to wage rigidities and unemployment. In the literature, it has been argued that experience rated...

Persistent link: https://www.econbiz.de/10011409017

Why do Europeans work less than Americans? : public consumption and welfare benefits as a cause of the North-Atlantic divide

Hall, Axel; Gylfi Zoega - 2015

We propose an explanation of why Europeans choose to work fewer hours than Americans and also suffer higher rates of unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries reduce, ceteris paribus, the gains from being...

Persistent link: https://www.econbiz.de/10010496985

The work-to-school transition : job displacement and skill upgrading among young high school Dropouts

Bennett, Patrick - 2021

This paper examines how and why returning to education fosters recovery from negative employment shocks among high school dropouts. High school dropout remains a problem, particularly as employment is increasingly skilled over time. Exploiting a policy expanding a Norwegian vocational...

Persistent link: https://www.econbiz.de/10012668975

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