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COVID-19 doesn't need lockdowns to destroy jobs : the effect of local outbreaks in Korea

Aum, Sangmin; Lee, Sang Yoon; Shin, Yongseok - 2020

Unlike most countries, Korea did not implement a lockdown in its battle against COVID-19, instead successfully relying on testing and contact tracing. Only one region, Daegu-Gyeongbuk, had a significant number of infections, traced to a religious sect. This allows us to estimate the causal...

Persistent link: https://www.econbiz.de/10012243255

Employment in Spanish regions : cost control or growth-enhancing policies?

Bande Ramudo, Roberto; Karanassou, Marika; Sala, Hector - 2017

Spain provides an extreme case of unemployment rate oscillations (8.3% in 2007, 26.1% in 2013, 19.6% in 2016) in … parallel with cute regional persistance in labour market outcomes - the sets of relatively high and low unemployment regions … unemployment) regions are more reactive to capital accumulation, and thus to a growth strategy based on estimulating investment. In …

Persistent link: https://www.econbiz.de/10011756109

Matching, wage rigidities and efficient severance pay

Fella, Giulio - 2012

This paper studies the effect of mandated severance pay in a matching model featuring wage rigidity for ongoing, but not new, matches. Mandated severance pay matters only if binding real wage rigidities imply inefficient separation under employment at will. In such a case, large enough severance...

Persistent link: https://www.econbiz.de/10009668414

COVID-19 and (gender) inequality in income : the impact of discretionary policy measures in Austria

Christl, Michael; De Poli, Silvia; Kucsera, Dénes; … - 2021

This paper analyzes the impact of the COVID-19 crisis on household income in Austria, using detailed administrative labor market data, in combination with micro-simulation techniques, that enable specic labor market transitions to be modeled. We find that discretionary fiscal policy measures in...

Persistent link: https://www.econbiz.de/10012543855

Macroeconomic and stock market interactions with endogenous aggregate sentiment dynamics

Flaschel, Peter; Charpe, Mattieu; Galanis, Giorgos; … - 2017

This paper studies the implications of heterogeneous capital gain expectations on output and asset prices. We consider a disequilibrium macroeconomic model where agents' expectations on future capital gains affect aggregate demand. Agents' beliefs take two forms - fundamentalist and chartist -...

Persistent link: https://www.econbiz.de/10011671937

Inventories, employment and hours

Galeotti, Marzio; Maccini, Louis J.; Schiantarelli, Fabio - 2002

The purpose of this paper is to develop a model that integrates inventory and labor decisions. We extend a model of inventory behavior to include a detailed specification of the role of labor input in the production process and of the costs associated with it. In particular, we distinguish...

Persistent link: https://www.econbiz.de/10011596499

Job displacement risk and severance pay

Cozzi, Marco; Fella, Giulio - 2016

This paper is a quantitative, equilibrium study of the insurance role of severance pay when workers face displacement risk and markets are incomplete. A key feature of our model is that, in line with an established empirical literature, job displacement entails a persistent fall in earnings upon...

Persistent link: https://www.econbiz.de/10011458292

Minimum wage, business dynamism, and the life cycle of firms

Luduvice, André Victor Doherty; Martínez, Tomás R.; … - 2024

This paper studies the effects of the minimum wage on the life cycle of firms. We first build a tractable model where heterogeneous firms have labor market power, invest in innovation, and choose formal or informal sectors. The model predicts that a minimum wage hike not only shrinks young and...

Persistent link: https://www.econbiz.de/10014529916

Institutions and the environment : existing evidence and future directions

Dasgupta, Shouro; De Cian, Enrica - 2016

institutions and governance on environmental policy, environmental outcomes, and investments. The paper describes how the … relationship between institutions and various response variables related to environmental performance and environmental policy have …

Persistent link: https://www.econbiz.de/10011485706

Institutions and customs duty evasion

Jean, Sébastien; Mitaritonna, Cristina; Vatan, Antoine - 2018

Persistent link: https://www.econbiz.de/10012060389