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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/10012207117
recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having …
Persistent link: https://www.econbiz.de/10011413806
Recessions are complex events that affect personal health and behavior via various potentially opposing mechanisms …. While recessions are known to have negative effects on mental health and lead to an increase in suicides, it has been proven … that they reduce mortality rates. A general health policy agenda in relation to recessions remains ambiguous due to the …
Persistent link: https://www.econbiz.de/10011518535
to the coronavirus pandemic. These measures have caused dramatic increases in unemployment in the short run, with an … than good due to the economic contraction, despite a large literature that finds mortality rates decline during recessions …. We estimate the relationship between unemployment, a widely accepted proxy for economic climate, and mortality in …
Persistent link: https://www.econbiz.de/10012294848
Recessions are complex events that affect personal health and behavior via various potentially opposing mechanisms …. While recessions are known to have negative effects on mental health and lead to an increase in suicides, it has been proven … that they reduce mortality rates. A general health policy agenda in relation to recessions remains ambiguous due to the …
Persistent link: https://www.econbiz.de/10013254457
implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …
Persistent link: https://www.econbiz.de/10012201645
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/10010369825
not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …
Persistent link: https://www.econbiz.de/10013448558
of the unemployment experience are taken into account: i) displacement risk, measured by the probability of moving from … employment into unemployment; ii) job-search effectiveness measured by the probability of moving from unemployment into … the effect is positive in the most recent periods. For native transition from employment to unemployment a complementary …
Persistent link: https://www.econbiz.de/10011410707
little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …
Persistent link: https://www.econbiz.de/10011412475