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Conventional wisdom and prevailing economic theory hold that the new owners of a privatized firm will cut jobs and wages. But this ignores the possibility that new owners will expand the firm's scale, with potentially positive effects on employment, wages, and productivity. Evidence generally...
Persistent link: https://www.econbiz.de/10011421952
Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …
Persistent link: https://www.econbiz.de/10011413609
When hiring new workers, employers use a wide variety of different recruiting methods in addition to posting a vacancy announcement, such as adjusting education, experience or technical requirements, or offering higher wages. The intensity with which employers make use of these alternative...
Persistent link: https://www.econbiz.de/10011414176
low unemployment. But how did it fare during the recession, especially in Denmark, which has been highlighted as having a … employment in a recession. Did the high rate of job turnover continue or did long-term unemployment rise? And did the social …
Persistent link: https://www.econbiz.de/10011433182
Current cohorts of young adults entered adulthood during an international labor and housing market crisis of a severity not experienced since the Great Depression. Concerns have arisen over the impacts on young adults' employment, income, wealth, and living arrangements, and about whether these...
Persistent link: https://www.econbiz.de/10011456129
In many countries, the minimum wages and working conditions set in collective bargaining contracts negotiated by a limited set of employers and unions are subsequently extended to all the employees in an industry. Those extensions ensure common working conditions within the industry, limit wage...
Persistent link: https://www.econbiz.de/10011430707
The minimum wage has never been as high on the political agenda as it is today, with politicians in Germany, the UK, the US, and other OECD countries calling for substantial increases in the rate. One reason for the rising interest is the growing consensus among economists and policymakers that...
Persistent link: https://www.econbiz.de/10011433822
All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having … recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …
Persistent link: https://www.econbiz.de/10011413806
labor force participation rate, reversing a nearly 50-year trend; the full recovery of unemployment from the depths of the …
Persistent link: https://www.econbiz.de/10012012425
and unemployment showed little sensitivity. Workers have paid the price for this rather stable employment situation in the …
Persistent link: https://www.econbiz.de/10012064428