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, employment responses vary across recessions. In the low-inflation recession of 2009, job losses are highly persistent and … entirely driven by workers with pre-recession wages close to the minimum wage floors while in the high inflation recession of …
Persistent link: https://www.econbiz.de/10013471360
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty in order to prevent layoffs and stabilize employment. Many OECD countries have used this policy in the Great Recession, for example. This paper shows that the effects of...
Persistent link: https://www.econbiz.de/10011718992
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
We study empirically how various labor market institutions - (i) union density, (ii) unemployment benefit remuneration …
Persistent link: https://www.econbiz.de/10013201691
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.7% lower when the unemployment rate increases by one percentage point. This is less than half the equivalent entry-level effect … driven by the high-inflation period until 1992, with effects as large as 5.2. Overall, our findings of limited CB real wage …
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