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Short-time work programs were revived by the Great Recession. To understand their operating mechanisms, we first provide a model showing that short-time work may save jobs in firms hit by strong negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without...
Persistent link: https://www.econbiz.de/10011881536
2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …-rating component. -- short-time work ; unemployment ; employment …
Persistent link: https://www.econbiz.de/10009124724
Paid family leave allows workers to take time off from work to care for a family member with a serious health condition, with reduced financial risk and increased job continuity. In 2004, California was the first state in the nation to implement a paid family leave program allowing workers to...
Persistent link: https://www.econbiz.de/10012518215
the fragility of low-seniority jobs implies that layoff costs reduce the average job duration and increase unemployment …
Persistent link: https://www.econbiz.de/10012022430
models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage … optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection …
Persistent link: https://www.econbiz.de/10010355704
insiders to firing restrictions does not necessarily worsen unemployment. In fact, it may be the willingness of a majority of … unemployment and deteriorates efficiency. Moreover, we argue, that the concentration of firm ownership is likely to influence labor …
Persistent link: https://www.econbiz.de/10011391776
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
We ran a large randomized controlled experiment among about 150,000 recipients of unemployment benefits insurance in … France in order to evaluate the impact of part-time unemployment benefits. We took advantage of the lack of knowledge of job … impact on the propensity to work while on claim, but reduced the unemployment exit rate, showing important lock-in effects …
Persistent link: https://www.econbiz.de/10012486489