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We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...
Persistent link: https://www.econbiz.de/10012211549
We examine long-term implications of unemployment for material conditions and well-being using the Polish sample from … to examine their correlation with unemployment at the time of the transition. We find that becoming unemployed in the … confirm the causal effect of unemployment on income and house ownership 20 years later, but find no evidence for a long …
Persistent link: https://www.econbiz.de/10011798238
We study the effect of trade liberalization and intellectual property rights (IPR) protection on the unemployment rate … migration. We find that bilateral trade liberalization decreases the relative unemployment rate of migrants when migration is … low and increases the relative unemployment rate when the migration rate is high. The results do not rely on assumptions …
Persistent link: https://www.econbiz.de/10012596968
firms, 3) partly offset by unemployment benefits, and 4) amplified by concurrent drops in partners’ earnings. On net …
Persistent link: https://www.econbiz.de/10012319300
In this paper we investigate the recent fall in unemployment, and the rise in part-time work, labour market … participation, inequality and welfare in Germany. Unemployment fell because the Hartz IV reform induced a large fraction of the long …. Overall we find that Germany increased welfare as unemployment fell. …
Persistent link: https://www.econbiz.de/10011821427
A large and growing share of hires in the United States are replacement hires. This increase coincides with a growing productivity-wage gap. We connect these trends by building a model where firms post long-lived vacancies and engage in on-the-job search for more productive workers. These...
Persistent link: https://www.econbiz.de/10011868557
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10010440544
Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …
Persistent link: https://www.econbiz.de/10014507179
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014507553
unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational … mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop an analytically … countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment …
Persistent link: https://www.econbiz.de/10012219107