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long-lasting earnings losses, and (iii) unemployment is a stepping stone toward exit from the labor force. In this … and labour productivity, especially among workers at the bottom of the skill distribution. Despite the negative hysteresis …
Persistent link: https://www.econbiz.de/10015098505
We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...
Persistent link: https://www.econbiz.de/10011792134
the generosity of unemployment benefits (UB) and short-time work. This paper aims to contribute to the theoretical … unemployment benefits and increasing search efforts, b) a fiscal stimulus and c) short-time work. In contrast to other studies that … from the heterogeneity of agents. I find four main results: 1) a) has nearly no effect on unemployment in the short run and …
Persistent link: https://www.econbiz.de/10012214516
This paper identifies the effect of variation in government-backed loan supply on unemployment exploiting regional …. This variation helps disentangling supply from demand effects. Higher loan supply reduces unemployment. Increasing the … between CHF 39,700 and CHF 52,400 per year. These costs are somewhat lower than unemployment benefits associated with the …
Persistent link: https://www.econbiz.de/10012268546
The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … economy, particularly the service sector. A decrease in aggregate supply should cause not only an increase in unemployment but … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and …
Persistent link: https://www.econbiz.de/10015063564
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/10012920449
This paper explores the potential externality of welfare payments under the Unemployment Insurance (UI) program during … times of high job destruction rates and unemployment rates on the spread and mortality of COVID-19. Using data for all US …
Persistent link: https://www.econbiz.de/10013242050
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …
Persistent link: https://www.econbiz.de/10013143682
(1983-2009). We show that, until the early 2000s, close to 60% of changes in the unemployment rate are due to changes in the …
Persistent link: https://www.econbiz.de/10013088212
unemployment risk in a search and matching (SaM) labor market. By assuming zero liquidity, the households' distribution is … degenerate and the model is easily tractable. In the wake of the Federal Pandemic Unemployment Compensation program, I show that … the effects of transitory increases in Unemployment Insurance (UI) benefits are largely dependent on the state of the …
Persistent link: https://www.econbiz.de/10014237546