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application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …
Persistent link: https://www.econbiz.de/10013541792
application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …
Persistent link: https://www.econbiz.de/10013455597
endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers … replacement rate can be more effective compared to an increase of the unemployment benefit replacement rate. …
Persistent link: https://www.econbiz.de/10012517675
As a bottom-up approach, a Job Guarantee policy can tackle the issue of unemployment on the macroeconomic …
Persistent link: https://www.econbiz.de/10012301007
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty in order to prevent layoffs and stabilize employment. Many OECD countries have used this policy in the Great Recession, for example. This paper shows that the effects of...
Persistent link: https://www.econbiz.de/10011718992
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
recessions. First, we show that the consumption risk of short-time work is considerably smaller compared to unemployment using … frictions featuring an endogenous firing and short-time work decision. In recessions, short-time work reduces the unemployment …
Persistent link: https://www.econbiz.de/10013332143
We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job …
Persistent link: https://www.econbiz.de/10012311610
economies (EMEs) by building a framework with equilibrium unemployment and firm entry that incorporates key elements of the …-employment, labor participation, and unemployment. As a result, the tax generates output and welfare losses. Green technology adoption …
Persistent link: https://www.econbiz.de/10014460792
domestic to tradable industries. This leads to a loss in industry specific human capital, causing a jump in unemployment. The …
Persistent link: https://www.econbiz.de/10010533135