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The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores their dynamic behavior in the presence of frictions. It does so within a unified framework, stressing their mutual dependence and placing the emphasis on their joint,...
Persistent link: https://www.econbiz.de/10009548650
The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores their dynamic behavior in the presence of frictions. It does so within a unified framework, stressing their mutual dependence and placing the emphasis on their joint,...
Persistent link: https://www.econbiz.de/10013104684
In countries with strong employment protection laws it is often considered to be unwise to hire a woman in childbearing age because she might get pregnant. However, such labour demand effects of job protection measures related to maternity leave are often rather anecdotal. To provide analytical...
Persistent link: https://www.econbiz.de/10013046727
In this paper we report the results of an empirical study on the employment growth effects of a policy intervention, explicitly aimed at increasing placement efficiency of the Federal Employment Agency in Germany. We use the Hartz III reform in the year 2004 as an exogenous intervention that...
Persistent link: https://www.econbiz.de/10012603797
, this transformation took place within just a few years. Until the mid-2000s job opportunities were scarce and unemployment … was high. But since then labor demand has picked up and unemployment has dropped substantially. In contrast to the earlier …
Persistent link: https://www.econbiz.de/10013316640
We assess whether imperfect knowledge of labor regulation hinders job creation at small and medium-sized firms. We partner with a labor law expert that provides information about labor regulation via newsletters and access to a specialized website. We randomly assign 1800 firms to get access to...
Persistent link: https://www.econbiz.de/10012254266
Unemployment has fallen substantially in virtually all EU8+2 countries since 2004 due to strong growth in labor demand …
Persistent link: https://www.econbiz.de/10014223468
Even experienced, profit-maximizing managers in Russia may conduct less restructuring than otherwise, since the economy appears to be in an equilibrium in which each firm releases unproductive workers but retains excess productive workers because other firms do. If firms release their excess...
Persistent link: https://www.econbiz.de/10014206647
Despite the high growth of the Peruvian economy during the last decade, college graduates are facing increasing difficulties to find occupations that match their higher educational background, skills and educational investments. This scenario is embodied in the "professional underemployment"...
Persistent link: https://www.econbiz.de/10011427813
This paper investigates the dynamic relationship between self-employment and unemployment rates. On the one hand, high … unemployment rates may lead to start-up activity of self-employed individuals (the “refugee” effect). On the other hand, higher … rates of self-employment may indicate increased entrepreneurial activity reducing unemployment in subsequent periods (the …
Persistent link: https://www.econbiz.de/10011280373