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The authors analyse the macroeconomic impact of the French work-sharing reform of 2000 (a reduction of standard working hours in combination with wage subsidies). Using a vector error correction model (VECM) for several labour market variables as well as inflation and output the authors produce...
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Organisation for Economic Co-operation and Development countries spend, on average, an equivalent of 0.4% of their gross domestic product on active and passive labor market policies. This is a non-negligible sum, especially in times of strained government budgets. Meetings with case workers -...
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Long-term unemployment can lead to skill attrition and have detrimental effects on future employment prospects …, particularly following periods of economic crises when employment growth is slow and cannot accommodate high levels of unemployment … costeffective and efficient means of reducing unemployment, during both periods of economic stability and recovery. …
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(carrots) and restrictive (sticks) programs. We apply this to contrast regime and treatment effects on unemployment durations …, employment, and post-unemployment earnings using register data that contain PES and case-worker identifiers for about 130,000 job … seekers. The results show that "carrots" and "sticks" treatments prolong unemployment, but carrots increase earnings whereas …
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Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …
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Recent efforts to expand unemployment insurance (UI) eligibility are expected to increase low-earning workers' access …
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