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Public Wages, Public Employment, and Business Cycle Volatility : Evidence from U.S. Metro Areas

A. Reicher, Claire - 2016

business cycle volatility, hinting at a stabilizing effect of public employment, while public wages correlate weakly and … positively with business cycle volatility, hinting at a destabilizing effect of public wages. To explain these relationships, we …

Persistent link: https://www.econbiz.de/10012989839

Flexibility at the Margin and Labor Market Volatility in OECD Countries

Sala, Hector; Silva, José Ignacio; Toledo, Manuel - 2021

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …

Persistent link: https://www.econbiz.de/10013324855

Short-Time Work Benefits Revisited : Some Lessons from the Great Recession

Boeri, Tito - 2011

The Great Recession triggered a resurgence of short-time work (STW) throughout the OECD. Several countries introduced from scratch STW or significantly expanded the scope of the programmes already in place. In some countries like Italy, Japan and Germany between 2.5 and 5 per cent of the...

Persistent link: https://www.econbiz.de/10013126925

Payroll Taxes, Social Insurance and Business Cycles

Burda, Michael C. - 2010

volatility and persistence of vacancies and unemployment …

Persistent link: https://www.econbiz.de/10013138733

Real Wages over the Business Cycle : OECD Evidence from the Time and Frequency Domains

Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - 2021

We study differences in the adjustment of aggregate real wages in the manufacturing sector over the business cycle across OECD countries, combining results from different data and dynamic methods. Summary measures of cyclicality show genuine cross-country heterogeneity even after controlling for...

Persistent link: https://www.econbiz.de/10013324732

The Labor Market Consequences of Adverse Financial Shocks

Boeri, Tito - 2012

market volatility and Okun's elasticity over the business cycle. Second, we highlight a key mechanism linking financial … shock. Third, we present evidence coherent with the idea that more leveraged sectors experience larger employment volatility …

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

Aggregate Earnings and Macroeconomic Shocks : The Role of Labour Market Policies and Institutions

Bassanini, Andrea - 2012

I examine the effect of labour market policies and institutions on the transmission of macroeconomic shocks to the labour market, using both aggregate and industry-level annual data for 23 OECD countries, 23 business-sector industries and up to 29 years. I find that high and progressive labour...

Persistent link: https://www.econbiz.de/10013099104

What Should Be Done About Rising Unemployment in the OECD?

Bell, David N. F. - 2009

There is a growing belief that the recession has run its course and that the goods market has started a period of slow, but sustainable, recovery. Improvement in the labor market may take some time, but many believe that unemployment will return to its 2007 level in the medium term. In this...

Persistent link: https://www.econbiz.de/10013155520

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

Man-Cessions, Fiscal Policy, and the Gender Composition of Employment

Bredemeier, Christian - 2015

In recessions, predominantly men lose their jobs, which has given rise to the term "man-cessions". We analyze whether fiscal expansions bring men back into jobs. To do so, we estimate vector-autoregressive models and identify the effects of fiscal shocks and non-fiscal shocks on the gender...

Persistent link: https://www.econbiz.de/10013024941