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unemployment insurance, and active labor market policies. This model has coped with the Great Recession and the Covid-19 pandemic …, avoiding large increases in long-term and structural unemployment. The recovery from Covid-19 alongside re-openings has been … responded-with some lag-to unemployment. …
Persistent link: https://www.econbiz.de/10014290514
In this paper we analyze empirically how labor market institutions influence business cycle volatility in a sample of 20 OECD countries. Our results suggest that countries characterized by high union density tend to experience more volatile movements in output, whereas the degree of coordination...
Persistent link: https://www.econbiz.de/10011605051
are that policy has effects on the stochastic behavior of key variables - measures that reduce unemployment also reduce … its persistence and increase the volatility of vacancies. Hiring subsidies and unemployment benefits have substantial …
Persistent link: https://www.econbiz.de/10010262801
We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas during the Great Recession all working-time instruments...
Persistent link: https://www.econbiz.de/10012512274
, generous unemployment insurance, and active labor market policies. Despite a sharp and prolonged decline in employment in the … unemployment. Most unemployment spells were short, muting the effects on long-term and youth unemployment. Recent reforms boosted …
Persistent link: https://www.econbiz.de/10012131025
, generous unemployment insurance, and active labor market policies. Despite a sharp and prolonged decline in employment in the … unemployment from increasing. While many have been affected by unemployment, most unemployment spells have been short, which has … muted the effects on long-term and youth unemployment. Recent years have seen a sequence of reforms to boost labor supply …
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unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline … scenario the rule based component of short-time work (i.e., due to the existence of the institution) stabilizes unemployment …-time work interventions (i.e., rule changes) do not have any statistically significant effect on unemployment. These effects are …
Persistent link: https://www.econbiz.de/10010344643