This study uses data from the largest Austrian job board to examine labor-demand responses in the first months after the start of the COVID lockdown in March 2020. Our analysis shows that the number of job postings declined by a third and remained low even when implemented restrictions were...

This study uses data from the largest Austrian job board to examine labor-demand responses in the first months after the start of the COVID lockdown in March 2020. Our analysis shows that the number of job postings declined by a third and remained low even when implemented restrictions were...

State and federal policymakers grappling with the aftermath of the Great Recession sought ways to spur job creation, in many cases adopting hiring credits to encourage employers to create new jobs. However, there is virtually no evidence on the effects of these kinds of counter-recessionary...

We analyze the determinants of household work contracted in the German shadow economy. The German socio-economic household panel, which enumerates casual domestic employment, is used to estimate the demand for such household work. The regressors include regional wage rates, household income and...

This study considers the economic impact of Covid-19 on enterprises in four Central American countries – El Salvador, Guatemala, Honduras and Nicaragua. At the time of the analysis neither the pandemic nor its economic consequences had fully run their course. It is not, therefore, a definitive...

The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...

The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...

In Germany we observe a decline in regular employment and an increase in atypical forms of employment. Especially marginal part-time employment which is characterized by lower tax rates and lower social security contributions increased substantially after a reform in 2003 made this type of...

We estimate the effects of unconventional monetary policy on firms’ labor demand. Using two policy discontinuities of the Secondary Market Corporate Credit Facility (SMCCF), we show that the SMCCF increased vacancy postings by 19% for A firms, 22% for BBB firms, and 35% for fallen angels. The...

In this paper employment effects of a sectoral minimum wage in the German construction sector are estimated from a single cross-sectional wage distribution using parametric and semi-parametric models. Parametric functional form assumptions seem too restrictive and lead to implausible results. We...