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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
properties of employment and unemployment equilibrium. Second, it applies the model to the study of employment fluctuations and … unemployed workers from inactivity to production (the ‘job creation’ flow) and one for the flow of workers from employment to … flows are equal. The model is shown to explain well the employment fluctuations observed in the US economy, within the …
Persistent link: https://www.econbiz.de/10014024227
case of employer initiated job separations. According to the extensive literature on Employment Protection Legislation such …
Persistent link: https://www.econbiz.de/10009757454
case of employer initiated job separations. According to the extensive literature on Employment Protection Legislation such …
Persistent link: https://www.econbiz.de/10013079741
employment stability makes their human capital investment more profitable and increases labor productivity and morale, firms …
Persistent link: https://www.econbiz.de/10013147528
This paper analyzes the effect of labor and product market regulation in a dynamic stochastic equilibrium with search frictions. Modeling multiple-worker firms allows us to distinguish between the exit-and-entry (extensive) margin, and the hiring-and-firing (intensive) margin. We characterize...
Persistent link: https://www.econbiz.de/10003278939
This paper uses the job creation and destruction model of the search and matching type proposed by García-Pérez and Osuna (2014) to study the effectiveness of subsidizing permanent job creation as a strategy to reduce labour market segmentation between permanent and temporary contracts. The...
Persistent link: https://www.econbiz.de/10010506295
This paper explores how the introduction of an experience rated system of unemployment insurance affects employment and … literature, it has been argued that experience rated systems of unemployment insurance may reduce long term employment as firms …, the introduction of experience rating may increase long term employment. Moreover, it unambiguously increases welfare. …
Persistent link: https://www.econbiz.de/10011409017
This paper introduces endogenous on-the-job training in the job creation and destruction model of the search and matching type by García-Pérez and Osuna (Dual labour markets and the tenure distribution: Reducing severance pay or introducing a single contract, 2014). The objective is to compare...
Persistent link: https://www.econbiz.de/10011290858
contribute to finance unemployment benefits would reduce formal employment …
Persistent link: https://www.econbiz.de/10013130452