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hypotheses concerning the slow employment growth and rise in unemployment since 1990 are evaluated. The analysis indicates that a … large part of the recent rise in the unemployment rate may reflect an increase in the structural rather than the cyclical … component of unemployment. Various sources of labor market rigidities that may have contributed to the increase in structural …
Persistent link: https://www.econbiz.de/10012781632
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/10011881536
The generosity of Unemployment Insurance (UI) benefits was expanded during the pandemic (FPUC), along with the groups … counterfactual scenario that implies the national unemployment rate in each of July and August would have been around 0.3 percentage … transitions from unemployment to employment. We also present some suggestive evidence that households with relatively high …
Persistent link: https://www.econbiz.de/10012792808
of 2009, including the unemployment, inflow, and outflow rates by workers of different educational attainment. We … the short term, but can cause a higher equilibrium unemployment rate in the long term. Employment subsidies succeed in … lowering the unemployment rate permanently, but the policy entails high fiscal costs. -- Employment ; unemployment ; hiring …
Persistent link: https://www.econbiz.de/10008657274
Can governmental policies mitigate the effects of recessions on unemployment? We study whether the Swiss short …-time work (STW) program reduced unemployment in the 2009-2015 period using quarterly establishment-level panel data linking … several administrative data sources. We compare changes in permanent layoffs into unemployment, hiring from unemployment …
Persistent link: https://www.econbiz.de/10012061314
-employment duration, unemployment duration, and re-employment wages in the case of job displacements due to firm closures. We use … unemployment, but not in terms of wages, compared to males. Policymakers may consider the importance of implementing diverse …
Persistent link: https://www.econbiz.de/10014289907
of 2009, including the unemployment, inflow, and outflow rates by workers of different educational attainment. We … the short term, but can cause a higher equilibrium unemployment rate in the long term. Employment subsidies succeed in … lowering the unemployment rate permanently, but the policy entails high fiscal costs …
Persistent link: https://www.econbiz.de/10013142687
-paying jobs. This led to a dramatic increase in inequality in labor earnings during the pandemic. Simulating standard unemployment …
Persistent link: https://www.econbiz.de/10012284653
The CARES Act implemented in response to the COVID-19 crisis dramatically increases the generosity of unemployment … insurance (UI) benefits, triggering concerns about its substantial impact on unemployment. This paper combines a labor market … search-matching model with the SIR-type infection dynamics to study the effects of CARES UI on both unemployment and …
Persistent link: https://www.econbiz.de/10012256586
This note uses the asynchronous cessation of emergency unemployment benefits (EUB) in 2021 to investigate the jobs … impact of ending unemployment benefits. While some states stopped providing EUB in September, other states stopped in June … and July. Using the cessation month as an instrument, we estimate the causal effect on employment of reducing unemployment …
Persistent link: https://www.econbiz.de/10013291730