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The existing literature assumes that unemployment insurance (UI) affects the labor market through the job finding rate of eligible workers. I argue that this focus is too narrow. I show evidence for UI effects through three other margins: (i) search externalities; (ii) takeup of other welfare...
Persistent link: https://www.econbiz.de/10011969188
We present a sharp test for the efficiency of job separations. First, we document a dramatic increase in the separation rate - 11.2ppt (28%) over five years - in response to a quasi-experimental extension of UI benefit duration for older workers. Second, after the abolition of the policy, the...
Persistent link: https://www.econbiz.de/10011993806
The well-known positive relationship between the unemployment benefit level and unemployment duration can be separated into two potential sources; a moral hazard effect, and a liquidity effect pertaining to the increased ability to smooth consumption. The latter is a socially optimal response...
Persistent link: https://www.econbiz.de/10012039304
This paper studies the earnings and employment consequences of involuntary job loss in Sweden during the crisis years … that experienced the largest number of job losses. While public service employment traditionally has been perceived as … from downsizing but most went on unaffected at least considering earnings and employment. From a policy perspective this …
Persistent link: https://www.econbiz.de/10010273911
on firms' employment behaviour. Seniority rules exist in several countries and, like Sweden, most European countries have … a more lenient employment protection for firms below a certain size. Despite the fact that small firms represent a large … share of all firms and stand for a substantial share of total employment, there is limited knowledge of how such exemption …
Persistent link: https://www.econbiz.de/10010273914
layof fs fully recover. Auxiliary analysis suggests that large layof fs increase exposure to non-employment, prolong …
Persistent link: https://www.econbiz.de/10014541057
The purpose of this study was to assess the association between involuntary job loss and alcohol-attributable morbidity and mortality. Swedish-linked employee-employer data were used to identify all establishment closures during 1990-1999, as well as the employees who were laid off and a...
Persistent link: https://www.econbiz.de/10011440148
A well-functioning labor market is characterized by job reallocations, but the individual costs can be vast. We examine if individual's ability to cope with such adjustments depends on their cognitive and non-cognitive skills (measured by population-wide enlistment tests). Since selection into...
Persistent link: https://www.econbiz.de/10012660618
This paper evaluates the 2003 Austrian severance-pay reform, often advocated as a role model for structural reforms in countries plagued by inflexible labor markets and high unemployment. The reform replaced a system with tenure-based severance payments after a layoff (but not after a quit) by...
Persistent link: https://www.econbiz.de/10011784292
shipyard workers and miners. They have higher employment, not higher unemployment, and higher earnings than the comparison …
Persistent link: https://www.econbiz.de/10010321623