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Heterogeneous Layoff Effects of the Us Short-Time Compensation Program

Tracey, Marlon - 2018

The Short-Time Compensation (STC) program enables US firms to reduce work hours via pro-rated Unemployment Insurance (UI) benefits, rather than relying on layoffs as a cost-cutting tool. Despite the program's potential to preclude skill loss and rehiring/ retraining costs, firms' participation...

Persistent link: https://www.econbiz.de/10012912226

Underemployment in the Us and Europe

Bell, David N.F. - 2018

though the unemployment rate has returned to its pre-recession levels in many advanced countries, underemployment in most has … not.We produce estimates for a new, and better, underemployment rate for twenty-five European countries. In most … underemployment remains elevated. We provide evidence for the UK and the US as well as some international evidence that …

Persistent link: https://www.econbiz.de/10012912515

When Short-Time Work Works

Cahuc, Pierre - 2018

Short-time work programs were revived by the Great Recession. To understand their operating mechanisms, we first provide a model showing that short-time work may save jobs in firms hit by strong negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without...

Persistent link: https://www.econbiz.de/10012914329

Short-time work : a bridge to employment security or a springboard to unemployment?

Pavlopoulos, Dimitris; Chkalova, Katja - In: Economic and industrial democracy 43 (2022) 1, pp. 168-197

Persistent link: https://www.econbiz.de/10012887272

Determinants of Regional Differences in Rates of Overeducation in Europe

Davia Rodríguez, Maria Ángeles - 2016

This paper examines the factors determining variations in spatial rates of overeducation. A quantile regression model has been implemented on a sample of region-yearly data drawn from the EU Survey on Income and Living Conditions (EU-SILC) and several institutional and macroeconomic features...

Persistent link: https://www.econbiz.de/10012981516

Underemployment in the Early Careers of College Graduates Following the Great Recession

Abel, Jaison R. - 2016

Though labor market conditions steadily improved following the Great Recession, underemployment among recent college … underemployment is a temporary phase for many recent college graduates as they transition to better jobs after spending some time in …

Persistent link: https://www.econbiz.de/10012982931

Recent Flattening in the Higher Education Wage Premium : Polarization, Skill Downgrading, or Both?

Valletta, Robert G. - 2016

Wage gaps between workers with a college or graduate degree and those with only a high school degree rose rapidly in the United States during the 1980s. Since then, the rate of growth in these wage gaps has progressively slowed, and though the gaps remain large, they were essentially unchanged...

Persistent link: https://www.econbiz.de/10012983026

Over-Education in Australia's Creative Industries

Potts, Jason - 2016

This paper reports on a study of education credentials in relation to job requirements in the creative industries. Because of asymmetric information, the signaling model predicts over-education by those seeking to enter creative industries, as has been observed in many other industries. However,...

Persistent link: https://www.econbiz.de/10012983276

Welfare Effects of Short-Time Compensation

Braun, Helge - 2017

We study welfare effects of public short-time compensation (STC) in a model in which firms respond to idiosyncratic profitability shocks by adjusting employment and hours per worker. Introducing STC substantially improves welfare by mitigating distortions caused by public unemployment insurance...

Persistent link: https://www.econbiz.de/10012965409

The Consequences of Short-Time Compensation : Evidence from Japan

Kato, Takao - 2019

There is a growing body of evidence on the efficacy of Short-Time Compensation (STC), a subsidy to promote worksharing in a recession, in achieving its intended goal of curtailing layoffs and preventing a sharp rise in unemployment. However, very little is known about the consequences of STC for...

Persistent link: https://www.econbiz.de/10012862492