labour market policies. How can such labour markets cope with the consequences of the Great Recession? Larger labour shedding … job-separation counter-cyclical. As a consequence most unemployment spells remain short. This is critical since a … persistent increase in unemployment will affect the financial balance of the model severely. Comparative evidence does not …

The Great Recession triggered a resurgence of short-time work (STW) throughout the OECD. Several countries introduced … recession. In this paper we analyse the rationale for short time work benefits and their effects on labour adjustment from both … Great Recession. However, the number of jobs saved, according to our macroeconomic estimates, is smaller than the full …

expanded tremendously in April 2020, at the trough of the pandemic recession. They wait out periods of non-work with the … understanding that their jobs still exist and that they will be recalled. We show that the resulting temporary-layoff unemployment … mostly dissipated by the end of 2020. Potential workers without jobs constitute what we call jobless unemployment. Shocks …

This is the first study to evaluate the effects of early pension withdrawal policies on tenures on unemployment … half-a-million Australians who found themselves newly on an unemployment payment in the initial months of the COVID-19 … pandemic, between April and June 2020, resulted in a 32 per cent lower exit rate from unemployment benefits inside the first …

The COVID-19 pandemic has upended the U.S. economy and labor market. We assess the initial spike in unemployment due to … the virus response and possible paths for the official unemployment rate through 2021. Substantial uncertainty surrounds … the path for measured unemployment, depending on the path of the virus and containment measures and their impact on …