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The Great Recession and the widespread adoption of fiscal austerity policies have heightened concern about inequality and how well tax-benefit systems redistribute. We examine how the distribution of income in the EU countries which were hardest hit during the recession evolved over this time....
Persistent link: https://www.econbiz.de/10011821286
In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with...
Persistent link: https://www.econbiz.de/10012705410
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
; idiosyncratic shocks ; granular residual ; Germany …
Persistent link: https://www.econbiz.de/10009519874
, Japan and Germany between 2.5 and 5 per cent of the workforce participated in short-time work schemes at the trough of the … Germany is more encouraging as to the effectiveness of STW, pointing to rather moderate deadweight losses. We interpret this …
Persistent link: https://www.econbiz.de/10009235845
This paper uses variation in unemployment caused by the 2008 recession to analyse socio- economic gaps in graduate outcomes. Our data comes from a survey which collects information on several cohorts of students from all English universities and reports their destinations at 6 months after...
Persistent link: https://www.econbiz.de/10012588935
apprenticeship positions in Germany in 2020 (-34,700 apprenticeship contracts; 95% confidence interval: +/- 8,800). …
Persistent link: https://www.econbiz.de/10012239041
The Great Recession did not only affect European countries to a varying extent, its impact on national labour markets and on specific socio-economic groups in those markets also varied greatly. Institutional arrangements such as employment protection, unemployment insurance benefits and minimum...
Persistent link: https://www.econbiz.de/10009516872
that on investment wears out in the second year. The impact multiplier for income implies a substantial increase in income … due to remittances through the multiplier process. The remittances-induced output growth rate is highest during the early …
Persistent link: https://www.econbiz.de/10009313322
The literature on remittances is large and growing. However, its focus has mainly been on the effects of remittance inflows on the receiving economies. Little has been done on the sending economies. In this paper, we use data from Saudi Arabia, one of the top remitting countries in the world, to...
Persistent link: https://www.econbiz.de/10011881574