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We investigate how firms adjust to demand shocks when wages and employment determination are regulated. Using firm-level data for the Italian metal engineering industry from 2009 to 2021, we estimate the elasticity of the wage bill to changes in firm's real sales. We disentangle the effect on...
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featured mainly declining unemployment rates. We develop a search and matching model with heterogeneous skills to explore the … role of structural and cyclical policies for this performance. Calibrating unemployment benefits to approximate legislation … before and after the reforms, we find a large reduction in unemployment and its duration, with the transition concluding …
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We analyse the effect of skill mismatch in a search model of equilibrium unemployment with risk-neutral agents … explain the rise in unemployment in Europe relative to the US. This result is due to the endogeneity of job destruction and … stands at odds with previous findings in the literature. We can, however, confirm the fact that unemployment benefits …
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In this paper, we analyze firm demand for flexible jobs by exploiting the language used to describe work arrangements in job vacancies. We take a supervised machine learning approach to classify the work arrangements described in more than 46 million UK job vacancies. We highlight the existence...
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is embodied in the "professional underemployment" condition by which 4 out of 10 college graduates, by 2012, are … been a trigger for the increase in underemployment of university graduates, as an alternative to the literature that … quality contributes to professional underemployment in Peru. Using data from the National Household Survey for the period 2004 …
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