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Following massive take-up rates during the COVID-19 period, short-time work (STW) policies have attracted renewed interest. In this paper, we take stock of this policy instrument and provide a critical review of STW systems in Europe. We focus on the objectives of STW programs and their primary...
Persistent link: https://www.econbiz.de/10014433060
causal effects of STW on employment and wages. We find that, while STW significantly reduces the volume of work per worker …, it does not lead to statistically significant employment gains for the average treated firm. Importantly, positive … employment effects are concentrated among small manufacturing firms, which are more likely to face binding liquidity constraints …
Persistent link: https://www.econbiz.de/10015449966
paper then presents new suggestive evidence to quantify the employment impacts of various counter-cyclical policies … introduced during this time. We conduct a counter-factual and find that employment would have been between 4.2 percent and 4 … Credits increased the likelihood of employment by about 4.7 percent for disconnected youth but had no effect on disabled and …
Persistent link: https://www.econbiz.de/10012999706
This paper examines the incidence of involuntary job loss and its impact on the employment and earnings of affected … workers, using data from the Survey of Families, Incomes and Employment (SoFIE) for the 2002-09 period. It focusses on … employees who had been working in their job for at least one year before the job loss. The impact of displacement on employment …
Persistent link: https://www.econbiz.de/10013083630
analysis suggests that this cost-shifting policy implied significant positive e ects on employment and aggregate output …
Persistent link: https://www.econbiz.de/10014083225
-displacement wage. Using rich and accurate data on workers’ employment patterns before and after displacement, we compare the earnings … and employment outcomes of displaced workers who entered transfer companies with those that did not. Workers can choose … and IV estimates indicate that the use of a transfer company has a positive and significant effect on employment rates …
Persistent link: https://www.econbiz.de/10014336188
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...
Persistent link: https://www.econbiz.de/10010333564
paper then presents new suggestive evidence to quantify the employment impacts of various counter-cyclical policies … introduced during this time. We conduct a counter-factual and find that employment would have been between 4.2 percent and 4 … Credits increased the likelihood of employment by about 4.7 percent for disconnected youth but had no effect on disabled and …
Persistent link: https://www.econbiz.de/10011288771
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...
Persistent link: https://www.econbiz.de/10010202667
This paper shows that the effects of employment protection critically depend on its enforcement. For this purpose, we … capture evasion of employment protection via market exit in a setting of monopolistic competition. We find that the number of … firms entering the market depends on firing costs only in the case of imperfect enforcement of employment protection …
Persistent link: https://www.econbiz.de/10010264396