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Labour market and fiscal policy
Charpe, Matthieu; Bridji, Slim - 2012
This paper discusses fiscal policy using a DSGE model with search and matching in the labour market. Fiscal policy is …, public spending also improves the matching between unemployed workers and job vacancies. The mechanism modelled in this paper … the fiscal multiplier increases with the elasticity of matching to spending and is also negatively related with the steady …
Persistent link: https://www.econbiz.de/10010316798
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Stabilization versus insurance: welfare effects of procyclical taxation under incomplete markets
Costain, James S.; Reiter, Michael - Barcelona Graduate School of Economics (Barcelona GSE) - 2004
We construct and calibrate a general equilibrium business cycle model with unemployment and precautionary saving. We compute the cost of business cycles and locate the optimum in a set of simple cyclical fiscal policies. Our economy exhibits productivity shocks, giving firms an incentive to hire...
Persistent link: https://www.econbiz.de/10010547417
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Stabilization versus insurance: Welfare effects of procyclical taxation under incomplete markets
Costain, James S.; Reiter, Michael - Department of Economics and Business, Universitat … - 2004
We construct and calibrate a general equilibrium business cycle model with unemployment and precautionary saving. We compute the cost of business cycles and locate the optimum in a set of simple cyclical fiscal policies. Our economy exhibits productivity shocks, giving firms an incentive to hire...
Persistent link: https://www.econbiz.de/10005707978
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Labor market dynamics with sorting
Schulz, Bastian - 2023
I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …
Persistent link: https://www.econbiz.de/10014366741
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Federal unemployment reinsurance and local labor-market policies
Ignaszak, Marek; Jung, Philip; Küster, Keith - 2020
Consider a union of atomistic member states, each faced with idiosyncratic business-cycle shocks. Private cross-border risk-sharing is limited, giving a role to a federal unemployment-based transfer scheme. Member states control local labor-market policies, giving rise to a trade-off between...
Persistent link: https://www.econbiz.de/10012316758
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Federal unemployment reinsurance and local labor-market policies
Ignaszak, Marek; Jung, Philip; Küster, Keith - 2020 - This version: November 15, 2020
Consider a union of atomistic member states, each faced with idiosyncratic business-cycle shocks. Private cross-border risk-sharing is limited, giving a role to a federal unemployment-based transfer scheme. Member states control local labor-market policies, giving rise to a trade-off between...
Persistent link: https://www.econbiz.de/10012319935
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Does short-time work save jobs? : a business cycle analysis
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013
In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...
Persistent link: https://www.econbiz.de/10009763124
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Does short-time work save jobs? : a business cycle analysis ; conference paper
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013
This paper analyzes the effects of short-time work (i.e., government subsidized working time reductions) on unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline scenario the rule based component of short-time work (i.e.,...
Persistent link: https://www.econbiz.de/10010344643
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Does short-time work save jobs? : a business cycle analysis
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2014
In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...
Persistent link: https://www.econbiz.de/10010249718
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Short-time work and precautionary savings
Dengler, Thomas; Gehrke, Britta - 2021
In the Covid-19 crisis, most OECD countries use short-time work schemes (subsidized working time reductions) to preserve employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in recessions. We build a New Keynesian model with...
Persistent link: https://www.econbiz.de/10012517675