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The long-term earnings' effects of a credit market disruption

Adamopoulou, Effrosyni; De Philippis, Marta; Sette, Enrico - 2023

This paper studies the long-term consequences on firms and workers of the credit crunch triggered by the 2007-2008 global financial crisis. Relying on a unique matched bank-employer-employee administrative dataset, we construct a firm-specific credit supply shock and examine firms’ and...

Persistent link: https://www.econbiz.de/10014440036

Monetary policy and unemployment in open economies

Engler, Philipp - 2011

After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …

Persistent link: https://www.econbiz.de/10009405109

Public works for Poland? : active labour market policies during transition

Puhani, Patrick A.; Steiner, Viktor - 1996

Following the predominance of macroeconomic stabilisation policies and passive income support schemes in the first phase of transition, active labour market policies (ALMPs) have now come to play a more important role in transition economies. This paper looks at the Polish experience and...

Persistent link: https://www.econbiz.de/10011622125

Labor market reforms, precautionary savings, and global imbalances

Hochmuth, Brigitte; Moyen, Stephane; Stähler, Nikolai - 2019

reducing the generosity of unemployment benefits decreases wages, fosters employment and augments competitiveness as well as …

Persistent link: https://www.econbiz.de/10011995060

Minimum wages and the rise in solo self-employment

Ganserer, Angelika; Gregory, Terry; Zierahn, Ulrich - 2022

Solo self-employment is on the rise despite less favorable working conditions compared to traditional jobs. We show that the introduction of minimum wages in German industries led to an increase in the share of solo self-employment by up to 8.5 percentage points. We explain our findings within a...

Persistent link: https://www.econbiz.de/10013276033

Direct, spillover and welfare effects of regional firm subsidies

Siegloch, Sebastian; Wehrhöfer, Nils; Etzel, Tobias - 2021

We analyze the effects of a large place-based policy, subsidizing up to 50% of investment costs of manufacturing firms in East Germany after reunification. We show that a 1-percentage-point decrease in the subsidy rate leads to a 1% decrease in manufacturing employment. We document important...

Persistent link: https://www.econbiz.de/10012507883

A model-based analysis of the macroeconomic impact of the refugee migration to Germany

Stähler, Nikolai - 2017

By simulating various (labour market) integration scenarios with the aid of a New Keynesian DSGE model, this paper explores the potential economic consequences and transmission mechanisms resulting from the recent refugee migration to Germany. We find that the long-run costs and benefits for...

Persistent link: https://www.econbiz.de/10011632192

The distributional effects of place-based policies in the EU

Lang, Valentin - 2024

This chapter examines the distributional effects of place-based policies in the EU. In a first step, it characterizes existing income inequalities in the EU and distinguishes between their interregional and intraregional dimensions. A key result is that inequalities within European regions make...

Persistent link: https://www.econbiz.de/10014577516

Policy complementarities : the case for fundamental labour market reform

Coe, David T.; Snower, Dennis J. - 1997

Persistent link: https://www.econbiz.de/10000621844

Estimating the effect of a retraining program on the re-employment rate of displaced workers

Cavaco, Sandra; Fougère, Denis; Pouget, Julien - 2008

Persistent link: https://www.econbiz.de/10003793500