Showing 1 - 10 of 716
We study a number of mechanisms through which an economy can be stuck at a high unemployment equilibrium because a poor … measures that have been undertaken to cure unemployment. The message of the paper is that curing the European unemployment …
Persistent link: https://www.econbiz.de/10005661453
We argue that US welfare would rise if unemployment insurance were increased for younger and decreased for older … workers. This is because the young tend to lack the means to smooth consumption during unemployment and want jobs to … accumulate high-return human capital. So unemployment insurance is most valuable to them, while moral hazard is mild. By …
Persistent link: https://www.econbiz.de/10011083519
unemployment, depending on the union’s coverage of outsiders’ contracts. This prediction finds empirical support in a panel dataset … workers, that this presumption is in general misplaced: the impact of severance payments on unemployment is qualitatively …
Persistent link: https://www.econbiz.de/10005656295
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment …
Persistent link: https://www.econbiz.de/10005124276
an individual employer-worker match is allowed, the impact of severance payments on unemployment duration and incidence …
Persistent link: https://www.econbiz.de/10005136767
2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …
Persistent link: https://www.econbiz.de/10008854459
leads to constantly rising unemployment and tax rates. The resulting crisis may trigger new insights into economic …
Persistent link: https://www.econbiz.de/10005504724
The model developed in this paper examines the relationship between firing costs and unemployment in a simple two …-neutral firms bargain over wages and firing costs, average unemployment is unlikely to be affected by statutory firing costs … bargaining over firing costs, the presence of statutory firing costs reduces employment distortions associated with trade unions …
Persistent link: https://www.econbiz.de/10005666736
This paper develops a simple model of employment, non-statutory redundancy pay and wage determination. An interesting feature of this model is that the contract curve is vertical. Some of the predictions of the model are confronted with the available British data on non-statutory firing costs,...
Persistent link: https://www.econbiz.de/10005791782
those may be unobservable ex-ante. The problem of characterizing constrained optimal unemployment insurance in this case has … been neglected in previous literature. We construct a model of optimal unemployment insurance where multiple incentive …-form solutions showing that when the moving/retraining incentive constraint binds, unemployment benefits should increase over the …
Persistent link: https://www.econbiz.de/10005504238