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plausibly calibrated hiring costs, employment gradually rises in response to positive TFP news shocks even under standard … preferences. TFP news shocks are identified mainly by current and expected unemployment rates since periods in which average … unemployment is relatively high (low) are also periods in which average TFP growth is slow (fast). We work out the noise component …
Persistent link: https://www.econbiz.de/10011822212
. The rate of transition from unemployment to employment declined between 2006 and 2011, while the rate from employment to …This paper assesses the impact the Great Recession had on individuals' transitions to and from unemployment in Ireland … unemployment increased. The results indicate that young people are much less likely to exit unemployment but, at the same time …
Persistent link: https://www.econbiz.de/10010533278
workers’ outside options. We document the negative selection into self-employment when workers enter from unemployment, and …This paper studies selection into and returns to self-employment in labor markets with stringent employment protection …. Using Spanish administrative panel data, we characterize self-employment dynamics in the presence of rigidities that affect …
Persistent link: https://www.econbiz.de/10012126166
labor market policy ; business cycle ; unemployment …
Persistent link: https://www.econbiz.de/10008839675
in recessions of different duration. We find that, after a temporary sector-specific shock, unemployment insurance …Unemployment insurance and wage subsidies are key tools to support labor markets in recessions. We develop a multi …, including a lower job-finding rate in the latter. We use the model to evaluate unemployment insurance and wage subsidy policies …
Persistent link: https://www.econbiz.de/10014263921
Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …
Persistent link: https://www.econbiz.de/10011413609
the duration of the pandemic seem to play a key role in explaining job search effort for the unemployed in 2020 …. Furthermore, employed subjects affected by changes in employment status due to COVID-19 are more likely to search for a job …
Persistent link: https://www.econbiz.de/10012486385
effects and lagged unemployment. We also use industrial firm's expectations of future employment, which are also predictive of …Unemployment is notoriously difficult to predict. In previous studies, once country and year fixed effects are added to … panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries collected …
Persistent link: https://www.econbiz.de/10013540387
. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected …
Persistent link: https://www.econbiz.de/10014250592
between the three core labor force states, employment, unemployment, and inactivity. The dynamics of these transitions depend …. Heterogeneity in unemployment and transition rates diff er between East and West Germany, as well as between the sexes. In East … Germany, all demographic cells are almost entirely detached from the cycle. Women are less influenced by the cycle in their re-employment …
Persistent link: https://www.econbiz.de/10013155345