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absences. Large firms, by contrast, were refunded only 70% of the wages paid to sick blue-collar workers. Using a difference …Sick workers in many countries receive sick pay during their illness-related absences from the workplace. In several … countries, the social security system insures firms against their workers' sickness absences. However, this insurance may create …
Persistent link: https://www.econbiz.de/10009425728
Job displacement in the U.S. is a serious threat to the earnings of long-tenured workers, through both (i) unemployment … spells and (ii) reduced reemployment wages. Although full insurance requires both unemployment benefits and wage insurance …
Persistent link: https://www.econbiz.de/10011455569
Efforts to insure long-tenured displacement workers against earnings losses from unemployment spells and lower wages on …
Persistent link: https://www.econbiz.de/10011455882
This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and unobservable effort choice affecting the distribution of...
Persistent link: https://www.econbiz.de/10011977744
Job displacement insurance typically includes both unemployment benefits and lump-sum severance pay, and each has provoked policy concerns. Unemployment insurance concerns have centered on distorted job search/offer acceptance decisions by the worker, severance-induced firing cost concerns on...
Persistent link: https://www.econbiz.de/10009425766
We investigate whether the costs of job displacement differ between blue collar and white collar workers. In the short … run earnings and employment losses are substantial for both groups but stronger for white collar workers. In the long run …, there are only weak effects for blue collar workers but strong and persistent effects for white collars. This is consistent …
Persistent link: https://www.econbiz.de/10003741925
Using a new firm-level dataset that includes explicit information on referrals by current employees, we investigate the hiring process and the relationships among referrals, match quality, wage trajectories and turnover for a single U.S. corporation, and test various predictions of theoretical...
Persistent link: https://www.econbiz.de/10010355700
Persistent link: https://www.econbiz.de/10001784382
job levels and human capital as wage determinants, the dispersion of wages within job levels, the importance of tenure in … levels and a tight relationship between human capital variables and wages. …
Persistent link: https://www.econbiz.de/10011571904
sick leave are shared between workers, firms, and the social security system. We show that this sharing rule affects not … only absence behavior, but also workers' subsequent health. To inform our empirical analysis we propose a simple model …, where workers' absence decision is taken conditional on the sharing rule, health, and a dismissal probability. Our empirical …
Persistent link: https://www.econbiz.de/10010532515