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We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first-order equivalent in an economy with flexible incentive pay and...
Persistent link: https://www.econbiz.de/10014390530
We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first-order equivalent in an economy with flexible incentive pay and...
Persistent link: https://www.econbiz.de/10014372479
Fostering and supporting start-up businesses by unemployed persons has become an increasingly important issue in many European countries. These new ventures are being supported by various governmental programs. Potential benefits include not only the end of unemployment for the new entrepreneur...
Persistent link: https://www.econbiz.de/10003646707
Turning unemployment into self-employment has become an increasingly important part of active labor market policies (ALMP) in many OECD countries. Germany is a good example where the spending on start-up subsidies for the unemployed accounted for nearly 17% of the total spending on ALMP in 2004....
Persistent link: https://www.econbiz.de/10003941759
competitiveness and in the exports/production ratio occurs before the implementation of the labour market reform, and this comes with … both higher inequality and higher unemployment; 3) The implementation of the reform reduces unemployment, but also …
Persistent link: https://www.econbiz.de/10010498540
This paper proposes a new approach to evaluate the macroeconomic effects of the Hartz IV reform in Germany, which … reform initiates both a partial effect and an equilibrium effect. The relative importance of these two effects and the size …
Persistent link: https://www.econbiz.de/10011997295
We measure the aggregate effect of unemployment benefit duration on employment and the labor force. We exploit the variation induced by Congress' failure in December 2013 to reauthorize the unprecedented benefit extensions introduced during the Great Recession. Federal benefit extensions that...
Persistent link: https://www.econbiz.de/10012457782
We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a … business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started … in response to the reform are, on average, smaller, but have similar growth expectations and education levels compared to …
Persistent link: https://www.econbiz.de/10012457949
restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment …
Persistent link: https://www.econbiz.de/10013454807
We study how the transparency of welfare systems affects labor market outcomes of unemployed workers in a large-scale field experiment. Our low-cost information intervention uses a personalized online tool that informs benefit recipients about their personal risk of a benefit reduction when not...
Persistent link: https://www.econbiz.de/10012793326