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This paper presents an average treatment effect analysis of Spain's furlough program during the onset of the COVID-19 pandemic. Using 2020 labour force quarterly microdata, we construct a counterfactual made of comparable nonfurloughed individuals who lost their jobs and apply propensity score...
Persistent link: https://www.econbiz.de/10014370259
, little is known about which measures are effective for improving youth work impairment. A hazard rate competing risk model … extent education/training programs, have the intended effect. In other words, work-impaired youths who participate in these … measures have a higher probability of obtaining work/starting an education and a lower probability of experiencing a transition …
Persistent link: https://www.econbiz.de/10014553707
Unemployment in Europe is excessively high on average, and is divergent across countries and population groups within countries. On the one hand, over the past decades, national governments have implemented incomplete institutional reforms to amend dysfunctional labor markets. On the other hand,...
Persistent link: https://www.econbiz.de/10011745350
Hiring subsidies are widely used to create (stable) employment for the long-term unemployed. This paper exploits the abolition of a hiring subsidy targeted at long-term unemployed jobseekers older than 45 years of age in Belgium to evaluate its effectiveness in the short and medium run. Based on...
Persistent link: https://www.econbiz.de/10014553713
The divergences developed within the euro area represent the main threat to the existence of the single currency and to the stability of the EU as a whole. Without proper automatic stabilisers, a monetary union can only deliver suboptimal results and may not even be sustainable. In the recent...
Persistent link: https://www.econbiz.de/10011991892
policy areas. We argue that an effective policy strategy rests on a finely tuned balance between income support, work …
Persistent link: https://www.econbiz.de/10010331991
Persistent link: https://www.econbiz.de/10011696098
Persistent link: https://www.econbiz.de/10011696288
Labor market policies succeed or fail at least in part depending on how well they reflect or account for behavioral responses. Insights from behavioral economics, which allow for realistic deviations from standard economic assumptions about behavior, have consequences for the design and...
Persistent link: https://www.econbiz.de/10010332006
This text focuses on long-term unemployment in the German labor market caused by insufficient work skills capabilities …
Persistent link: https://www.econbiz.de/10010332825