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We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...
Persistent link: https://www.econbiz.de/10012211549
explain not only the spread of the disease, but also cross-country spillovers in perceptions about coronavirus risk and in … social distancing behavior. In the early phases of the pandemic, perceptions of coronavirus risk in most countries are … adjustments. Unemployment responses vary widely across countries. Unemployment is particularly responsive to health shocks in the …
Persistent link: https://www.econbiz.de/10012263745
We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...
Persistent link: https://www.econbiz.de/10010491732
In this paper we investigate the recent fall in unemployment, and the rise in part-time work and labour market … participation amongst prime-aged Germans. We show that unemployment fell because the Hartz reforms induced a large fraction of the … probabilities show that observed changes in the stocks of registered and unregistered unemployment as well as marginal, contributed …
Persistent link: https://www.econbiz.de/10012404545
We measure individual bias in labor market expectations in German survey data and find that workers on average significantly overestimate their individual probabilities to separate from their job when employed as well to find a job when unemployed. These biases vary significantly between...
Persistent link: https://www.econbiz.de/10014247564
I analyze the impact of a low-wage trade shock on manufacturing workers in a high-wage country, Denmark, and how they … adjust to the shock over a decade across all potential adjustment margins, in the labor market and outside. My research … within-industry heterogeneity in workers' exposure to this trade shock. Results show a negative and significant impact of the …
Persistent link: https://www.econbiz.de/10011569615
pandemic were a negative supply shock, and the residual structural factors were a positive demand shock. The resulting excess …
Persistent link: https://www.econbiz.de/10015057719
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
insecurity, experiences with wage arrears, and spells of unemployment all increase the attractiveness of work in the public …
Persistent link: https://www.econbiz.de/10012601986
This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity of prize-valuation. Our objective is to clarify the relationship between cost sharing, intra-group heterogeneity within the competing groups and the elasticity of the marginal...
Persistent link: https://www.econbiz.de/10010361496