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Who Pays for it? The Heterogeneous Wage Effects of Employment Protection Legislation
Leonardi, Marco; Pica, Giovanni - Centro Studi di Economia e Finanza (CSEF) - 2010
This paper estimates the effect of employment protection legislation (EPL) on workers' individual wages in a quasi-experimental setting, exploiting a reform that introduced unjust-dismissal costs in Italy for firms below 15 employees and left firing costs unchanged for bigger firms. Accounting...
Persistent link: https://www.econbiz.de/10008743026
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Job security and liquid wealth
Figueiredo, Ana; Marie, Olivier; Markiewicz, Agnieszka - 2024
We study changes in job security after displacement and exploit eligibility rules for lump-sum payments in the Netherlands to investigate the role of liquid wealth. Within five years of job loss, the likelihood of being in permanent employment remains 12% lower for displaced workers. Those...
Persistent link: https://www.econbiz.de/10014463162
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Employment Protection Legislation and Wages
Leonardi, Marco; Pica, Giovanni - School of Economics, Universiteit Utrecht - 2007
In a perfect labor market severance payments can have no real effects as they can be undone by a properly designed labor contract (Lazear 1990). We give empirical content to this proposition by estimating the effects of EPL on entry wages and on the tenure-wage profile in a quasi-experimental...
Persistent link: https://www.econbiz.de/10005040985
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Employment Protection Legislation and Wages
Leonardi, Marco; Pica, Giovanni - Centro Studi di Economia e Finanza (CSEF) - 2007
In a perfect labor market severance payments can have no real effects as they can be undone by a properly designed labor contract (Lazear 1990). We give empirical content to this proposition by estimating the effects of EPL on entry wages and on the tenure-wage profile in a quasi-experimental...
Persistent link: https://www.econbiz.de/10005750378
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Employment Protection Legislation and Wages
Leonardi, Marco; Pica, Giovanni - Institute for the Study of Labor (IZA) - 2007
In a perfect labor market severance payments can have no real effects as they can be undone by a properly designed labor contract (Lazear 1990). We give empirical content to this proposition by estimating the effects of EPL on entry wages and on the tenure-wage profile in a quasi-experimental...
Persistent link: https://www.econbiz.de/10005700900
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Generational Risk–Is It a Big Deal?: Simulating an 80-Period OLG Model with Aggregate Shocks
Hasanhodzic, Jasmina; Kotlikoff, Laurence J. - Department of Economics, Brigham Young University - 2013
The theoretical literature on generational risk assumes that this risk is large and that the government can effectively share it. To assess these assumptions, this paper simulates a realistically calibrated 80-period overlapping generations life-cycle model with aggregate productivity shocks....
Persistent link: https://www.econbiz.de/10011273953
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Macroeconomic Evaluation of Labor Market Reform in Germany
Krebs, Tom; Scheffel, Martin - 2012
-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …-run (noncyclical)unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases …, but the welfare of unemployed households decreases even with moderate degree of risk aversion. …
Persistent link: https://www.econbiz.de/10011441825
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Macroeconomic evaluation of labor market reform in Germany
Krebs, Tom; Scheffel, Martin - 2012
-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …-run (noncyclical)unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases …, but the welfare of unemployed households decreases even with moderate degree of risk aversion. …
Persistent link: https://www.econbiz.de/10011490127
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Macroeconomic Evaluation of Labor Market Reform in Germany
Krebs, Tom; Scheffel, Martin - Abteilung für Volkswirtschaftslehre, Universität Mannheim - 2012
-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …-run (noncyclical)unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases …, but the welfare of unemployed households decreases even with moderate degree of risk aversion. …
Persistent link: https://www.econbiz.de/10010904016
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Job Ladder and Wealth Dynamics in General Equilibrium
Kaas, Leo; Lalé, Etienne; Siassi, Nawid - 2023
a less progressive tax schedule bring about welfare losses for a newborn worker household. …
Persistent link: https://www.econbiz.de/10014439926