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Displacement and debt : the role of debt in returning to work in the period following the Great Recession
Bednarzik, Robert W.; Kern, Andreas; Hisnanick, John J. - 2017
also related to their level of individual and/ or household debt. In contrast to a growing literature that links financial … higher debt burden are faster in getting a new job. Although it is difficult to make a cause and effect connection, our … debt of dislocated workers to move back into employment perhaps by accepting lower wages builds a faster economic recovery …
Persistent link: https://www.econbiz.de/10011647674
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Households debt restructuring : the re-default effect of a debt suspension
Fraisse, Henri - 2017
). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … filings to managers, we show that a debt suspension has a very significant and negative effect on the likelihood to re … the nature of their indebtedness. Our results imply that rather than focusing on a specific debt profile, above all a …
Persistent link: https://www.econbiz.de/10011732088
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Sudden stop: when did firms anticipate the potential consequences of COVID-19?
Buchheim, Lukas; Krolage, Carla; Link, Sebastian - 2020
COVID-19 hit firms by surprise. In a high frequency, representative panel of German firms, the business outlook declined and business uncertainty increased only when the spread of the COVID-19 pandemic led to domestic policy changes: The announcement of nation-wide school closures on March 13...
Persistent link: https://www.econbiz.de/10012248894
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The great recession of 2008 - 2009 : causes, consequences and policy responses
Verick, Sher Singh; Islam, Iyanatul - 2010
particular to the challenges of dealing with public debt and continuing global imbalances. -- Global financial crisis …
Persistent link: https://www.econbiz.de/10003962631
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Migration as an adjustment mechanism in the crisis? : a comparison of Europe and the United States
Jauer, Julia; Liebig, Thomas; Martin, John P.; Puhani, … - 2014
The question of whether migration can be an equilibrating force in the labour market is an important criterion for an optimal currency area. It is of particular interest currently in the context of high and rising levels of labour market disparities, in particular within the Eurozone where there...
Persistent link: https://www.econbiz.de/10010238890
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The productivity impact of R&D investment : a comparison between the EU and the US
Castellani, Davide; Piva, Mariacristina; Schubert, Torben; … - 2016
Using data on the US and EU top R&D spenders from 2004 until 2012, this paper investigates the sources of the US/EU productivity gap. We find robust evidence that US firms have a higher capacity to translate R&D into productivity gains (especially in the high-tech industries), and this...
Persistent link: https://www.econbiz.de/10011476418
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Migration as an adjustment mechanism in the crisis? : a comparison of Europe and the United States 2006-2016
Jauer, Julia; Liebig, Thomas; Martin, John P.; Puhani, … - 2018
We estimate whether migration can be an equilibrating force in the labour market by comparing pre- and post-crisis migration movements at the regional level in both Europe and the United States, and their association with asymmetric labour market shocks. Based on fixed-effects regressions using...
Persistent link: https://www.econbiz.de/10011798141
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Automatic stabilizers and economic crisis : US vs. Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2009
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10003879344
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Youth unemployment : Déjà Vu?
Bell, David N. F.; Blanchflower, David G. - 2010
-25 have been particularly hard hit during the current recession. Using the USA and UK as cast studies, it analyses both causes …
Persistent link: https://www.econbiz.de/10003935007
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Migration creation, diversion, and retention : new deal grants and migration ; 1935 - 1940
Sorensen, Todd A.; Fishback, Price Van Meter; Allen, Samuel - 2007
During the 1930s the federal government embarked upon an ambitious series of grant programs designed to counteract the Great Depression. Public works and relief programs combated unemployment by hiring workers and building social overhead capital while the Agricultural Adjustment Administration...
Persistent link: https://www.econbiz.de/10003561627