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We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment … balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced … model for the high unemployment countries of Europe. Our results suggest that this policy reform would significantly change …
Persistent link: https://www.econbiz.de/10005755198
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010887014
fundamentals of the economy negatively and imply low growth and high unemployment. An empirical index is constructed. In the period …
Persistent link: https://www.econbiz.de/10005818927
In many countries, fiscal policy became strongly expansionary in order to fight the recession. Structural budget … deficits increased sharply and might remain high after the end of the recession. This would raise real interest rates and would …
Persistent link: https://www.econbiz.de/10005026902
the human capital of the unemployed—i.e. in the structure of regional unemployment—into account. Both, the skill structure … of the unemployed and the share of long-term unemployment are found to have an important impact on regional start …Does regional unemployment increase or rather decrease entrepreneurial activity? Although this question has been hotly …
Persistent link: https://www.econbiz.de/10010887003
Based on a description of the German system of taxes and transfers, the incentives to work are analyzed for several groups of the labor force. The effects of the “Hartz IV” reform (effective from 2005 onwards) on the incentives receive particular attention. It turns out that the marginal...
Persistent link: https://www.econbiz.de/10010886995
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …
Persistent link: https://www.econbiz.de/10004992844
rates implied by the system of unemployment benefits and by the rules of means-tested social assistance. In addition, the … the search for an indicator for the reservation wage which can be used to explain the unemployment rate in a macroeconomic …
Persistent link: https://www.econbiz.de/10005700631
Using data for German and Swedish multinational enterprises (MNEs), this paper assesses international employment patterns. It analyzes determinants of location choice and the degree of substitutability of labor across locations. Countries with highly skilled labor forces attract German MNEs, but...
Persistent link: https://www.econbiz.de/10010886954
We provide a systematic analysis of fiscal consolidation in a medium-scale dynamic general equilibrium model. Our results show that the choice of the consolidation instrument is very important, not only with respect to the short- and long-run output effects of the different consolidation...
Persistent link: https://www.econbiz.de/10010933265