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We analyze the effects of various labor market policies on job creation, job destruction, and employment. The framework of Mortensen and Pissarides (2003) is used to model the dynamic interaction between firms and workers and to simulate their responses to alternative policies. The equilibrium...
Persistent link: https://www.econbiz.de/10008657274
This note briefly reviews the experiences with wage subsidies and reduced work schedules in promoting employment and avoiding the depreciation of accumulated skills and knowledge due to a temporary downturn. These policies have been adopted by many high income countries as well as some middle...
Persistent link: https://www.econbiz.de/10012556812
We analyze the effects of various labor market policies on job creation, job destruction, and employment. The framework of Mortensen and Pissarides (2003) is used to model the dynamic interaction between firms and workers and to simulate their responses to alternative policies. The equilibrium...
Persistent link: https://www.econbiz.de/10013142687
cannot apply to Ireland and Iceland. In both cases, these nations adopted the neoliberal attitude toward banks that was … decisions. Even in our case it was a huge mistake - but it was 'affordable'. Ireland and Iceland were not so lucky, as their … Ireland had given up ist own currency in favor of what is essentially a foreign currency - the euro, which is issued by the …
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