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order to best nowcast US initial unemployment claims in spring of 2020 in the midst of the COVID-19 pandemic. We show that …
Persistent link: https://www.econbiz.de/10014095550
The U.S. economy has experienced a significant drop in the fraction of the population employed in middle wage, "routine task-intensive" occupations. Applying machine learning techniques, we identify characteristics of those who used to be employed in such occupations and show they are now less...
Persistent link: https://www.econbiz.de/10012165673
unemployment benefits reduce unemployment? Using a recent labour market reform in Germany as background, we find that an enhanced … effectiveness of the PEA explains about 20% of the observed post-reform unemployment decline. The role of unemployment benefit … the PEA could have had an even higher impact on unemployment reduction if there had been less focus on long …
Persistent link: https://www.econbiz.de/10011309228
the job is more important than human capital loss during unemployment for both the unemployment rate and output. Third …The high U.S. unemployment rate after the Great Recession is usually considered to be a result of changes in factors … in the unemployment rate, these factors should have influenced workers' and firms' decisions. Therefore, it is important …
Persistent link: https://www.econbiz.de/10010240062
reduction of unemployment benefits on the other reduce unemployment? Using the recent labour market reform in Germany as … background we find that the role of unemployment benefit reduction for the reduction of unemployment is very modest (7% of the … the observed post-reform unemployment decline. If disincentive effects of PEA reforms had been avoided, the effect could …
Persistent link: https://www.econbiz.de/10010196490
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 unemployment benefit eligibility. In contrast to the existing recent literature …
Persistent link: https://www.econbiz.de/10010202667
for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive … feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …
Persistent link: https://www.econbiz.de/10011403752
to output requirements. Because the employers do not lay off these staff, the schemes help to maintain permanent …
Persistent link: https://www.econbiz.de/10011413675
This is the first study to evaluate the effects of early pension withdrawal policies on tenures on unemployment … half-a-million Australians who found themselves newly on an unemployment payment in the initial months of the COVID-19 … pandemic, between April and June 2020, resulted in a 32 per cent lower exit rate from unemployment benefits inside the first …
Persistent link: https://www.econbiz.de/10013273943
(market-level effect) to changes in the duration of unemployment insurance (UI) benefits. To implement this approach, we …
Persistent link: https://www.econbiz.de/10012137594