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The continuing adverse labor market effects of the Great Recession have intensified interest in policy efforts to spur job creation. In periods when labor demand and supply are in balance, either hiring credits or worker subsidies can be used to boost employment - hiring credits by reducing...
Persistent link: https://www.econbiz.de/10013128608
employees, while leaving dismissal costs unchanged for bigger firms, to set up a natural experiment research design. We find …
Persistent link: https://www.econbiz.de/10012903630
The British New Deal for Young People began in January 1998. After 6 months of unemployment, 18-24 year olds are mandated to enter a `Gateway' period where they are given extensive job search assistance. If they are unable to obtain an unsubsidised job, then they can enter one of four New Deal...
Persistent link: https://www.econbiz.de/10013244356
This paper reports the results from a randomized experiment designed to evaluate the direct and indirect (displacement …-step design. In the first step, the proportions of job seekers to be assigned to treatment (0%, 25%, 50%, 75% or100%) were … randomly drawn for each of the 235 labor markets (e.g. cities) participating in the experiment. Then, in each labor market …
Persistent link: https://www.econbiz.de/10013064942
On-demand labor platforms make up a large part of the “gig economy.” We quantify the extent of monopsony power in one of the largest on-demand labor platforms, Amazon Mechanical Turk (MTurk), by measuring the elasticity of labor supply facing the requester (employer) using both observational...
Persistent link: https://www.econbiz.de/10012924467
On the basis of a country*industry unbalanced panel data sample for 14 OECD countries and 18 industries covering the years 1988 to 2007, this study proposes an econometric investigation of the effects of the OECD Employment Protection Legislation (EPL) indicator on capital intensity for four...
Persistent link: https://www.econbiz.de/10012983663
We examine misconduct in credence good markets with price taking experts. We propose a market-level model in which price-taking experts extract surplus based on the value of their firm's brand and their own skill. We test the predictions of the model using sales complaint data for exclusive and...
Persistent link: https://www.econbiz.de/10013096847
Many countries have policies aimed at creating jobs in depressed areas with high unemployment rates. In standard spatial equilibrium models with perfectly competitive labor and land markets, local job creation efforts are distortionary. We develop a stylized model of frictional local labor...
Persistent link: https://www.econbiz.de/10013087442
We study the relationship between unemployment, environmental policy, and business cycles. We develop a dynamic stochastic general equilibrium real business cycle model that includes both a pollution externality and congestion externalities from labor market search frictions, which generate...
Persistent link: https://www.econbiz.de/10013310016
Using data from a social experiment, we estimate the impact of training on the duration of employment and unemployment …
Persistent link: https://www.econbiz.de/10013240963