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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
Unemployment increased drastically over the course of the Great Recession from 4.5 percent prior to the recession to 10 … percent at its peak in October 2009. Since then, the unemployment rate has come down steadily, and it stood at 5.8 percent in … November 2014. Based on existing analyses and some new evidence, this paper establishes that much of the change in unemployment …
Persistent link: https://www.econbiz.de/10011288771
The empirical literature on unemployment insurance has focused on its direct effect on unemployment duration, while the … unemployment insurance system aiming at reducing high European unemployment rates should consider both effects. This paper provides … evidence on the effect of unemployment benefits on unemployment and employment duration in Europe, using individual data from …
Persistent link: https://www.econbiz.de/10013317454
The introduction of unemployment insurance savings accounts (UISA) in Chile in October 2002 introduced more … comprehensive unemployment protection while decreasing the opportunity costs of job change. Being the first to empirically …
Persistent link: https://www.econbiz.de/10010222287
The paper examines the influence of unemployment insurance on the duration of employment spells in Canada using the … unemployment insurance effects. Estimates using simple proxies for eligibility indicate small, often insignificant UI effects. The …
Persistent link: https://www.econbiz.de/10014153600
States at business cycle frequency. That being so,it can also generate large procyclical fluctuations in the vacancy-unemployment … ratio. This results from two plausible explanations, namely heterogeneity in households preferences and unemployment …
Persistent link: https://www.econbiz.de/10013052216
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
We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment … balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced … model for the high unemployment countries of Europe. Our results suggest that this policy reform would significantly change …
Persistent link: https://www.econbiz.de/10010272954
exit hazard from unemployment, and to a 2.5 percent decrease in the drop out hazard. It is also associated with a 0.5 EUR …
Persistent link: https://www.econbiz.de/10010342839
We are the first to provide empirical evidence on differences in the individual costs of job loss for migrants compared to natives in Germany. Using linked employer-employee data for the period 1996-2017, we compute each displaced worker's earnings, wage, and employment loss after a mass layoff...
Persistent link: https://www.econbiz.de/10012510005