We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a … business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started … in response to the reform are, on average, smaller, but have similar growth expectations and education levels compared to …

This paper uses the Italian Social Security employer-employee panel to study the effects of the Italian reform of 1990 … on worker and job flows. We exploit the fact that this reform increased unjust dismissal costs for firms below 15 …, especially in sectors with higher employment volatility. Moreover, we find that the reform reduced firms' employment adjustments …

adjustment in lieu of layoffs by providing prorated unemployment compensation to workers on reduced hours. This paper compares …

-state conditions of the model, suggest the reform contributed to 10% of the reduction in unemployment during the period of study … Reform of 1990. A theoretical model illustrates the effect of dismissal costs when there is a noncompliant sector. The model … informal workers (who are not covered and were, thus, not directly affected by the reform). The differences …

This paper uses the Italian Social Security employer-employee panel to study the effects of the Italian reform of 1990 … on worker and job flows. We exploit the fact that this reform increased unjust dismissal costs for firms below 15 …, especially in sectors with higher employment volatility. Moreover, we find that the reform reduced firms' employment adjustments …

European nations substitute between employment protection regulations and labor market expenditures (e.g., unemployment …

The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a … live up to expectations. The level and duration of unemployment increased substantially in the downturn and the growth of …

results are contrasted with those from a comparable sample from the US from 1977-1988. 1) Fear of unemployment substantially … upwards than downwards.3) The unemployment elasticity of pay averages -0.1 in the UK and apparently zero in the US.4) Wages …

laws, permanent unemployment subsidies, firing costs, etc. Such policies create incentives to develop and adopt labor …