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The German labor market miracle, 2003-2015 : an assessment
Burda, Michael C. - 2016
This paper reviews the dramatic and widely noted developments in the German labor market in the past decade and surveys the most plausible reasons for these changes. Alternative hypotheses are compared and contrasted. I argue that the labor market reforms associated with the Agenda 2010 – the...
Persistent link: https://www.econbiz.de/10011437903
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Allocation and Employment Effect of the Paycheck Protection Program
Joaquim, Gustavo - 2021
The Paycheck Protection Program (PPP) was a large and unprecedented small-business support program enacted as a response to the COVID-19 crisis in the United States. The PPP administered almost $800 billion in loans and grants to small businesses through the banking system. However, there is...
Persistent link: https://www.econbiz.de/10013310330
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Short-time work compensations and employment : temporary government schemes can have a positive economic effect
Cahuc, Pierre - 2014
Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...
Persistent link: https://www.econbiz.de/10011413675
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When short-time work works
Cahuc, Pierre; Kramarz, Francis; Nevoux, Sandra - 2018
Short-time work programs were revived by the Great Recession. To understand their operating mechanisms, we first provide a model showing that short-time work may save jobs in firms hit by strong negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without...
Persistent link: https://www.econbiz.de/10011881536
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Transitions in the German labor market : structure and crisis
Krause, Michael; Uhlig, Harald - 2011
featured mainly declining unemployment rates. We develop a search and matching model with heterogeneous skills to explore the … role of structural and cyclical policies for this performance. Calibrating unemployment benefits to approximate legislation … before and after the reforms, we find a large reduction in unemployment and its duration, with the transition concluding …
Persistent link: https://www.econbiz.de/10009490829
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Is Short-Time Work a Good Method to Keep Unemployment Down?
Cahuc, Pierre - 2011
2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …
Persistent link: https://www.econbiz.de/10013131173
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Is short-time work a good method to keep unemployment down?
Cahuc, Pierre; Carcillo, Stéphane - 2011
2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …-rating component. -- short-time work ; unemployment ; employment …
Persistent link: https://www.econbiz.de/10009124724
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Short-time work and unemployment in and after the Great Recession
Kopp, Daniel; Siegenthaler, Michael - 2017 - This version: June 2019
Can governmental policies mitigate the effects of recessions on unemployment? We study whether the Swiss short …-time work (STW) program reduced unemployment in the 2009-2015 period using quarterly establishment-level panel data linking … several administrative data sources. We compare changes in permanent layoffs into unemployment, hiring from unemployment …
Persistent link: https://www.econbiz.de/10012061314
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Measuring Unemployment Insurance Generosity
Pallage, Stephane; Scruggs, Lyle A.; Zimmermann, Christian - 2009
Unemployment insurance policies are multidimensional objects. They are typically defined by waiting periods … difficult. To make things worse, labor market conditions, such as the likelihood and duration of unemployment matter when … unemployment insurance programs with a single metric. We build a first model with such complex characteristics. Our model features …
Persistent link: https://www.econbiz.de/10014206929
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Measuring Unemployment Insurance Generosity
Pallage, Stephane; Scruggs, Lyle A.; Zimmermann, Christian - 2021
In this paper, we develop a methodology to summarize the various policy parameters of an unemployment insurance scheme … into a single generosity parameter. Unemployment insurance policies are multdimensional objects. They are typically defined … unemployment matter when assessing the generosity of different policies. We build a first model with such complex characteristics …
Persistent link: https://www.econbiz.de/10013324747