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constraints have been essentially detrimental for employment among SMEs experiencing a negative demand shock or facing strong …
Persistent link: https://www.econbiz.de/10012929109
This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...
Persistent link: https://www.econbiz.de/10012833241
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10012909849
shock. Third, we present evidence coherent with the idea that more leveraged sectors experience larger employment volatility … in normal times deep capital markets lead to tight labor markets. After an adverse liquidity shock, firms that rely much …
Persistent link: https://www.econbiz.de/10013099747
that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in … opposite directions while a shock to the net flow from not in the labour force to unemployment drives the rates in the same …
Persistent link: https://www.econbiz.de/10013052699
Unites States of America (USA). We confirm the heterogeneity of Okun's coefficient across country, and its time … and USA in between. Policy wise, we claim that austerity policies may have unexpected adverse effects on job creation if …
Persistent link: https://www.econbiz.de/10012864881
This paper analyzes the cyclical behaviour of male real wages in Italy using the European Community Household Panel 1994-2001. We distinguish between job stayers (remaining in the same job), and within- and between-company job movers. Stayers are the large majority. We find stayers in Northern...
Persistent link: https://www.econbiz.de/10012778997
We examine the revenue and redistributive effects of tax policy reforms in twelve European countries over the decade between the financial crisis and the outbreak of the COVID-19 pandemic, setting them against the implications of a hypothetical system reflecting the extent of fiscal drag...
Persistent link: https://www.econbiz.de/10014030811
An open question in the literature is whether families compensate or reinforce the impact of child health shocks. Discussions usually focus on one dimension of child investment. This paper examines multiple dimensions using household survey data on Chinese child twins whose average age is 11. We...
Persistent link: https://www.econbiz.de/10013039591
dependent data and allowing for first-step estimation of the propensity score …
Persistent link: https://www.econbiz.de/10013325071