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Labour market reallocation effects of COVID-19 policies in Spain : a tale of two recessions

Díaz, Antonia; Dolado, Juan J.; Jáñez, Álvaro; … - 2023

. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected …

Persistent link: https://www.econbiz.de/10014250592

Evaluating the performance of the search and matching model

Yashiv, Eran (contributor) - 2006

high volatility of most of the key variables, the negative co-variation of unemployment and vacancies, and the behavior of …

Persistent link: https://www.econbiz.de/10003322254

Frictions and the joint behavior of hiring and investment

Yashiv, Eran - 2012

The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores their dynamic behavior in the presence of frictions. It does so within a unified framework, stressing their mutual dependence and placing the emphasis on their joint,...

Persistent link: https://www.econbiz.de/10009548650

Countercyclical recruiting rates and the value of jobs

Yashiv, Eran - 2015

U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the unemployed and out of the labor force. Why so? The paper provides an explanation by studying the optimal recruiting behavior of the representative firm. This behavior is a...

Persistent link: https://www.econbiz.de/10011346601

Macroeconomic policy lessons of labor market frictions

Yashiv, Eran - 2002

are that policy has effects on the stochastic behavior of key variables - measures that reduce unemployment also reduce … its persistence and increase the volatility of vacancies. Hiring subsidies and unemployment benefits have substantial …

Persistent link: https://www.econbiz.de/10011406721

Firm productivity dispersion and the matching role of UI policy

Blumkin, Tomer (contributor); Hadar, Yosi (contributor); … - 2005

This paper studies optimal UI policy from the perspective of worker assignment to heterogenous jobs in an environment of random matching. Workers react to UI policy through job acceptance decisions; firms react to UI policy through wage posting. There is endogenous assortative matching as a...

Persistent link: https://www.econbiz.de/10003085750

Zero-hours contracts in a frictional labor market

Dolado, Juan J.; Lalé, Etienne; Turon, Hélène - 2021

We propose a model to evaluate the U.K.'s zero-hours contract (ZHC) - a contract that exempts employers from the requirement to provide any minimum working hours, and allows employees to decline any workload. We find quantitatively that ZHCs improve welfare by enabling firms with more volatile...

Persistent link: https://www.econbiz.de/10012803713

The importance of hiring frictions in business cycles

Faccini, Renato; Yashiv, Eran - 2020

Hiring is a costly activity reflecting firms' investment in their workers. Micro-data shows that hiring costs involve production disruption. Thus, cyclical fluctuations in the value of output, induced by price frictions, have consequences for the optimal allocation of hiring activities. We...

Persistent link: https://www.econbiz.de/10012157267

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/10009312950

Dual employment protection legislation : a framework for analysis

Dolado, Juan J. (contributor); Jansen, Marcel (contributor); … - 2005

EPL varying among workers of different skills on the level and composition of unemployment, job flows, productivity and …

Persistent link: https://www.econbiz.de/10002731277