Showing 1 - 10 of 111
The Great Recession pushed Japan’s unemployment rate to historic highs, but the increase has been small by …
Persistent link: https://www.econbiz.de/10014403441
employs the same or another worker, the vacancy rate increases and the unemployment rate declines. However, the scheme …
Persistent link: https://www.econbiz.de/10014399924
Does labor court uncertainty and judge subjectivity influence firms' performance? We study the economic consequences of judge decisions by collecting information on more than 145,000 Appeal court rulings, combined with administrative firm-level records covering the whole universe of French...
Persistent link: https://www.econbiz.de/10012518274
Firms in the S and P 500 often announce layoffs within days of one another, despite the fact that the average S and P 500 constituent announces layoffs once every 5 years. By contrast, similarsized privately-held firms do not behave in this way. This paper provides empirical evidence that such...
Persistent link: https://www.econbiz.de/10011716337
increase in advance notice increases job to job movements, reduces unemployment flows, and has ambiguous effects on … unemployment. Results are consistent with the fact that North American and European labor markets, despite their differences in job … security provisions, experience similar turnover rates and dissimilar unemployment flows …
Persistent link: https://www.econbiz.de/10014400716
This paper proposes a new effect of firing costs on firms'' behavior that builds from firms'' demand for liquidity. When a time gap exists between production and its associated revenues, firing can become a liquidity adjustment tool that allows firms to increase their short-term liquidity. I...
Persistent link: https://www.econbiz.de/10014401164
We develop a model to analyze the implications of firing costs on incentives for R & D and international specialization. The key idea is that, to avoid paying firing costs, the country with a rigid labor market will tend to produce relatively secure goods, at a late stage of their product life...
Persistent link: https://www.econbiz.de/10014398371
The negative and stable relationship between an economy's aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …
Persistent link: https://www.econbiz.de/10012796190
Raising South Africa's low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the...
Persistent link: https://www.econbiz.de/10012612327
detrimental medium-term effects on output, unemployment, poverty, and inequality. However, policies can go a long way toward … relatively greater fiscal support. The increases in unemployment, poverty, and inequality are likewise lower for countries with …
Persistent link: https://www.econbiz.de/10012605652