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Macroeconomic Evaluation of Labor Market Reform in Germany
Krebs, Tom - 2013
In 2005 the German government implemented the so-called Hartz IV reform, which amounted to a complete overhaul of the … effects of the Hartz IV reform. We calibrate the model economy to German data before the reform and then use the calibrated … model economy to simulate the effects of Hartz IV. In our baseline calibration, we find that the reform has reduced the long …
Persistent link: https://www.econbiz.de/10013085617
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Evaluating Unemployment Policies : What Do the Underlying Theories Tell Us?
Snower, Dennis J. - 2006
The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy prescriptions rest on different macroeconomic theories, and our...
Persistent link: https://www.econbiz.de/10012781938
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Macroeconomic Impact of Product and Labor Market Reforms on Informality and Unemployment in India
Anand, Rahul - 2017
This paper investigates the implications of lowering formal regulations in labor and product markets on informality and macroeconomic outcomes in India. We estimate a DSGE model with an informal sector, and rigidities in the formal labor and product markets. Along with increasing GDP and...
Persistent link: https://www.econbiz.de/10012962160
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Do Active Labor Market Policies Increase Employment?
Estevão, Marcello - 2021
Using panel data for 15 industrial countries, active labor market policies (ALMPs) are shown to have raised employment rates in the business sector in the 1990s, after controlling for many institutions, country-specific effects, and economic variables. Among such policies, direct subsidies to...
Persistent link: https://www.econbiz.de/10013212331
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No Extension Without Representation? Evidence from a Natural Experiment in Collective Bargaining
Hijzen, Alexander - 2016
. This paper analyses the causal impact of such extensions on employment using a natural experiment in Portugal: the …
Persistent link: https://www.econbiz.de/10012977820
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Institutions, Informality, and Wage Flexibility : Evidence from Brazil
Estevão, Marcello M. - 2012
Even though institutions are created to protect workers, they may interfere with labor market functioning, raise unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeconomic data to show that the institutional changes introduced by the 1988...
Persistent link: https://www.econbiz.de/10013106744
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Crises, Labor Market Policy, and Unemployment
Bernal-Verdugo, Lorenzo E. - 2012
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...
Persistent link: https://www.econbiz.de/10013108620
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Distributional Implications of Labor Market Reforms : Learning from Spain's Experience
Stepanyan, Ara - 2020
Spain's structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage flexibility, which helped the Spanish economy to regain competitiveness and create...
Persistent link: https://www.econbiz.de/10012839681
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The Simple Economics of Benefit Transfers
Snower, Dennis J. - 2006
The paper examines the employment and unemployment implications of permitting unemployed people to use part of their unemployment benefits to provide employment vouchers to the firms that hire them. This opportunity to transfer unemployment benefits into employment subsidies--quot;benefit...
Persistent link: https://www.econbiz.de/10012781941
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The Impact of Workforce Aging on European Productivity
Aiyar, Shekhar S. - 2017
The age-distribution of Europe's workforce has shifted towards older workers over the past few decades, a process expected to accelerate in the years ahead. This paper studies the effect of the aging of the workforce on labor productivity, identifies the main transmission channels, and examines...
Persistent link: https://www.econbiz.de/10012962166