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The observation that liquidations are concentrated in recessions has long been the subject of controversy. One view holds that liquidations are beneficial in that they result in increased restructuring. Another view holds that liquidations are privately inefficient and essentially wasteful. This...
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The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age … and we show that higher minimum wage can raise aggregate employment. Expansion in the non-traded sector following a wage …
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Using high-quality administrative data, I analyze workers' opportunity costs of reallocation across occupations by measuring the additional time spent in unemployment before being hired in a new occupation. Furthermore, I inspect the wage changes after reallocation and find that workers who...
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policy. The expansion of aggregate demand is necessary to increase both investment and employment. However, unless supply …-side measures are also taken, demand expansion can result in more inflation instead of more employment, because of the mismatch …
Persistent link: https://www.econbiz.de/10011159088
policy. The expansion of aggregate demand is necessary to increase both investment and employment. However, unless supply …-side measures are also taken, demand expansion can result in more inflation instead of more employment, because of the mismatch …
Persistent link: https://www.econbiz.de/10011159120
India. As a result, the share of the informal workers in total employment has increased tremendously. During this period, a … significant part of the incremental employment is being generated in the unorganised sector, where working conditions are far away …, the quality of employment has been deteriorating which has led to a huge gap in productive employment. In this perspective …
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