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show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values … redistribution toward low wage workers and if unemployment induced by the minimum wage hits the lowest surplus workers first. This …
Persistent link: https://www.econbiz.de/10012758403
We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications … for the unemployment-inflation tradeoff and for the conduct of monetary policy.lt;brgt;lt;brgt;We proceed in two steps. We … effect on unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage …
Persistent link: https://www.econbiz.de/10012759440
sharp discontinuities in eligibility for severance pay and extended unemployment insurance (UI) benefits in Austria …
Persistent link: https://www.econbiz.de/10012760593
This paper examines how unemployment affects retirement and whether the Unemployment Insurance (UI) system and Social … consistent evidence of an effect. This suggests that in some ways SS may serve as a more effective form of unemployment insurance …
Persistent link: https://www.econbiz.de/10012760622
How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe …, relative to industrialized Pacific Rim countries? Orthodox criticisms of European government institutions are right in some … have had in the 1960s and 1970s. Similarly, other institutions closer to the core of the welfare state have caused no net …
Persistent link: https://www.econbiz.de/10012760709
from the Paycheck Protection Program and states with more generous unemployment insurance benefits had milder declines and …
Persistent link: https://www.econbiz.de/10012826650
States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …
Persistent link: https://www.econbiz.de/10013043619
We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start with the measurement of offshoring, focusing on the use of imported inputs that could have been produced by the importing firm. We overview key theories related to offshoring...
Persistent link: https://www.econbiz.de/10012997887
Recent assessments of occupational licensing have shown varying effects of the institution on labor market outcomes. This study revisits the relationship between occupational licensing and labor market outcomes by analyzing a new topical module to the Survey of Income and Program Participation...
Persistent link: https://www.econbiz.de/10013027687
We measure the changing efficacy of neighborhood-based labor market networks, across the business cycle, in helping displaced workers become re-employed, focusing on the periods before, during, and just after the Great Recession. Networks can only be effective when hiring is occurring, and...
Persistent link: https://www.econbiz.de/10013021029