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Quadratic labor adjustment costs, business cycle dynamics and optimal monetary policy

Lechthaler, Wolfgang; Snower, Dennis J. - 2011 - revised January 2011

We build quadratic labor adjustment costs into an otherwise standard New-Keynesian model of the business cycle and show that this increases output persistence in a similar vein as other models of labor market frictions. Furthermore, it is demonstrated that quadratic labor adjustment costs imply...

Persistent link: https://www.econbiz.de/10011452084

Comparing the effectiveness of employment subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2010 - October 2010 (this final and revised version)

This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We consider measures involving targeting workers with...

Persistent link: https://www.econbiz.de/10011451838

Unemployment accounts for Germany

Boss, Alfred; Brown, Alessio J. G.; Snower, Dennis J. - 2007 - December 2007 (this revised version)

We present a proposal for reforming unemployment assistance in Germany through the introduction of unemployment … accounts (UAs). Instead of paying taxes that finance the unemployment assistance, employed people make ongoing contributions to … their UAs and can make withdrawals from these accounts during periods of unemployment. The aim of this policy proposal is to …

Persistent link: https://www.econbiz.de/10011451872

The caring hand that cripples : the East German labor market after reunification ; (detailed version)

Snower, Dennis J. (contributor); … - 2006 - Detailed Version

underutilization, and unemployment arising from the decline of the tradeable sector. …

Persistent link: https://www.econbiz.de/10003282877

Einstellungsgutscheine: konkrete Ausgestaltung für Deutschland

Boss, Alfred; Brown, Alessio J. G.; Merkl, Christian; … - 2007

of time. The size of the vouchers increases with the duration of unemployment as well as with the qualification and … of unemployment durations and qualifications. We develop a simple formula to calculate the size of the voucher depending … on the new wage, the duration of unemployment and the subsequent employment duration. …

Persistent link: https://www.econbiz.de/10003481673