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Thresholds in the Process of International Financial Integration

Kose, M. Ayhan - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

Persistent link: https://www.econbiz.de/10013160313

Fewer Jobs or Smaller Paychecks? Aggregate Crisis Impacts in Selected Middle-Income Countries

Khanna, Gaurav - 2011

This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...

Persistent link: https://www.econbiz.de/10013120422

The Future of Retirement and the Pension System : How the Public's Expectations Vary Over Time and Across Socio-Economic Groups

Bissonnette, Luc - 2011

We analyze expectations of the Dutch population of ages 25 and older concerning the future generosity state and occupational pensions, the two main pillars of the Dutch pension system. Since the summer of 2006, monthly survey data were collected on the expectations of Dutch households concerning...

Persistent link: https://www.econbiz.de/10013123606

The Crisis, Policy Reactions and Attitudes to Globalization and Jobs

Bell, David N.F. - 2011

We consider the effects of the financial crisis and subsequent recession on world labour markets. It begins by cataloguing the adverse effects on output of the sudden collapse in demand brought about by the financial crisis in what has come to be called the Great Recession. Next we look at the...

Persistent link: https://www.econbiz.de/10013125468

The Labor Market Consequences of Adverse Financial Shocks

Boeri, Tito - 2012

The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that financial shocks do translate into the labor markets. In this paper we first document that financial recessions amplify labor market volatility and Okun's elasticity over the...

Persistent link: https://www.econbiz.de/10013099747

Did Latvia's Public Works Program Mitigate the Impact of the 2008-2010 Crisis?

Azam, Mehtabul - 2012

To mitigate the impact of the 2008-2010 global financial crisis on vulnerable households, the Government of Latvia established Workplaces with Stipends, an emergency public works program that targeted registered unemployed people who were not receiving unemployment benefits. This paper evaluates...

Persistent link: https://www.econbiz.de/10013099794

The Role of Short-Time Work Schemes During the Global Financial Crisis and Early Recovery : A Cross-Country Analysis

Hijzen, Alexander - 2013

There has been a strong interest in short-time work (STW) schemes during the global financial crisis. Using data for 23 OECD countries for the period 2004 Q1 to 2010 Q4, this paper analyses the quantitative effects of STW programmes on labour market outcomes. Special attention is given to the...

Persistent link: https://www.econbiz.de/10013084164

Policies in Hard Times : Assessing the Impact of Financial Crises on Structural Reforms

Gokmen, Gunes - 2020

It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...

Persistent link: https://www.econbiz.de/10012842057

Preventing Neets During the Great Recession : The Effects of a Mandatory Activation Program for Young Welfare Recipients

Emile, Cammeraat - 2017

discontinuity to estimate the effects of the reform. We find that the reform reduced the number of NEETs on welfare, increased the … number of NEETs not on welfare, and had no effect on the overall number of NEETs. Our finding that the reform did not reduce … the total number of NEETs contrasts with previous studies, which may be due to the fact that the reform took place during …

Persistent link: https://www.econbiz.de/10012945222

Impact of the Great Recession on Industry Unemployment : A 1976-2011 Comparison

Takhtamanova, Yelena F. - 2016

This paper studies the mechanisms driving the persistently high unemployment rate during the last recession and mild recovery. Previous studies have examined the demographic aspect of the recession. We focus on specific industries. Consequently, we propose a methodology to decompose changes in...

Persistent link: https://www.econbiz.de/10012979453