Die Europäische Kommission hat ein Beschäftigungspaket vorgestellt, das die Erwerbstätigkeit in der EU verbessern und erhöhen soll, aber auch einen Ausweg aus der Krise darstellen könnte. Eine Umsetzung erscheint unrealistisch vor allem, weil die Arbeitsmärkte in der EU stark differieren,...

There is a body of literature that favors universal and unconditional public assurance policies over those that are targeted and means-tested. Two such proposalsthe basic income proposal and job guaranteesare discussed here. The paper evaluates the impact of each program on macroeconomic...

Die Europäische Kommission hat ein Beschäftigungspaket vorgestellt, das die Erwerbstätigkeit in der EU verbessern und erhöhen soll, aber auch einen Ausweg aus der Krise darstellen könnte. Eine Umsetzung erscheint unrealistisch vor allem, weil die Arbeitsmärkte in der EU stark differieren,...

We investigate the connection between commodity price shocks and unemployment in advanced resource-rich small open economies from an empirical and theoretical perspective. Shocks to commodity prices are shown to influence labour market conditions primarily through the real exchange rate...

The business restrictions introduced during the COVID-19 pandemic greatly affected the labour market. However, quantifying their costs is not trivial as local policies affect neighbouring areas through spillovers. Exploiting the U.S. local variation in restrictions and commuting, we estimate the...

The job guarantee is a viable policy option for tackling both unemployment and underemployment. Hyman P. Minsky was one of the seminal writers on this subject. The first part of this working paper provides a survey of Minsky's writings to identify what kind of jobs he had in mind when...

We investigate the connection between commodity price shocks and unemployment in advanced resource-rich small open economies from an empirical and theoretical perspective. Shocks to commodity prices are shown to influence labour market conditions primarily through the real exchange rate. The...

We study how the interaction between economic openness and competitive selection affects the effectiveness of employment (and entry) subsidisation. Within a two-country heterogeneous-firms model with endogenous labour supply, we find that optimal employment subsidies are always positive even...

This study explores the effects of market deregulation on employment growth. Empirical analysis of an OECD country panel (1990-2004) suggests that lower levels of product and labor market regulation foster employment growth, including through sizable interaction effects. A theoretical framework...