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Unemployment benefits and unemployment in the great recession: The role of macro effects
Hagedorn, Marcus; Karahan, Fatih; Manovskii, Iourii; … - 2013
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted for by the unprecedented extensions of...
Persistent link: https://www.econbiz.de/10010333564
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Firms and flexibility
Hobijn, Bart; Sahin, Aysegül - 2007
We study the effects of labor market rigidities and frictions on firm-size distributions and dynamics. We introduce a model of endogenous entrepreneurship, labor market frictions, and firm-size dynamics with many types of rigidities, such as hiring and firing costs, search frictions with vacancy...
Persistent link: https://www.econbiz.de/10010283302
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Job-finding and separation rates in the OECD
Hobijn, Bart; Sahin, Aysegül - 2007
In this paper, we provide a set of comparable estimates of aggregate monthly job-finding and separation rates for twenty-seven OECD (Organisation for Economic Co-operation and Development) countries; these estimates can be used for the cross-country calibration of search models of unemployment....
Persistent link: https://www.econbiz.de/10010283485
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Bad credit, no problem? Credit and labor market consequences of bad credit reports
Dobbie, Will; Goldsmith-Pinkham, Paul; Mahoney, Neale; … - 2016
removal on employment and earnings outcomes. We conclude that credit reports are important for credit market outcomes, where …
Persistent link: https://www.econbiz.de/10011796438
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Subsidizing job creation in the Great Recession
Kitao, Sagiri; Sahin, Aysegül; Song, Joseph - 2010
We analyze the effects of various labor market policies on job creation, job destruction, and employment. The framework … consider the equilibrium effects of a hiring subsidy, a payroll tax reduction, and an employment subsidy. While calibrating … parameters that characterize these policies, we try to mimic the policies in the Hiring Incentives to Restore Employment (HIRE …
Persistent link: https://www.econbiz.de/10010287122
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Local banks, credit supply, and house prices
Blickle, Kristian - 2018
I study the effects of an increase in the supply of local mortgage credit on local house prices and employment by …
Persistent link: https://www.econbiz.de/10012144717
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The marginal propensity to hire
Melcangi, Davide - 2018
This paper studies the link between firm-level financial constraints and employment decisions, as well as the … its employment in response to cash flow shocks. I identify such shocks from changes to business rates, a U.K. tax based on … spent on employment. I label this response the marginal propensity to hire (MPH). I then calibrate a firm dynamics model …
Persistent link: https://www.econbiz.de/10012144718
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Spatial wage gaps and frictional labor markets
Heise, Sebastian; Porzio, Tommaso - 2019
We develop a job-ladder model with labor reallocation across firms and space, which we design to leverage matched employer-employee data to study differences in wages and labor productivity across regions. We apply our framework to data from Germany: twenty-five years after the reunification,...
Persistent link: https://www.econbiz.de/10012144741
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Firms' precautionary savings and employment during a credit crisis
Melcangi, Davide - 2019
recession, and cash-intensive firms displayed higher employment growth. A tightening of firms' credit conditions generates the …
Persistent link: https://www.econbiz.de/10012144747
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Peas in a pod? Comparing the U.S. and Danish mortgage finance systems
Berg, Jesper; Bækmand Nielsen, Morten; Vickery, James - 2018
Like the United States, Denmark relies heavily on capital markets for funding residential mortgages, and the Danish covered bond market bears a number of similarities to U.S. agency securitization. In this paper we describe the key features of the Danish mortgage finance system and compare and...
Persistent link: https://www.econbiz.de/10012144691