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Why small businesses were hit harder by the recent recession

Sahin, Aysegül; Kitao, Sagiri; Cororaton, Anna; Laiu, … - In: Current Issues in Economics and Finance 17 (2011) July

experienced disproportionate declines. A study of the recession’s employment effect on small firms suggests that poor sales and …

Persistent link: https://www.econbiz.de/10009206333

Hiring subsidies, job creation and job destruction

Kitao, Sagiri; Şahin, Ayşegül; Song, Joseph - In: Economics Letters 113 (2011) 3, pp. 248-251

We quantify the effects of hiring subsidies using the model of Mortensen and Pissarides (2003). The job creation effect can be large in a weak labor market. However, in the long-run, subsidies raise the wage and equilibrium unemployment.

Persistent link: https://www.econbiz.de/10011041588

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