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Unemployment and Finance: How do Financial and Labour Market Factors Interact?

Gatti, Donatella; Rault, Christophe; Vaubourg, Anne-Gael - CESifo - 2009

Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We show that the impact of financial variables depends...

Persistent link: https://www.econbiz.de/10008596580

Pay as you Go: A New Proposal for Museum Pricing

Frey, Bruno S.; Steiner, Lasse - CESifo - 2010

Museums have many different goals beyond efficiency such as social equity, financial revenue, attracting donors and gaining international, regional or local prestige. Various pricing schemes are being discussed with the aim of reaching these goals. The classical ones are entry prices and free...

Persistent link: https://www.econbiz.de/10008572533

Fixed-Term and Permanent Employment Contracts: Theory and Evidence

Cao, Shutao; Shao, Enchuan; Silos, Pedro - CESifo - 2010

permanent employees enjoy labor protection. In a labor market characterized by search and matching frictions, firms find optimal …

Persistent link: https://www.econbiz.de/10008511611

Scars of Recessions in a Rigid Labor Market

Cockx, Bart; Ghirelli, Corinna - CESifo - 2015

We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence … years after labor market entry. We also contribute to the literature on inference with few clusters. …

Persistent link: https://www.econbiz.de/10011200048

Distributional Consequences of Labor-demand Shocks: The 2008-09 Recession in Germany

Bargain, Olivier; Immervoll, Herwig; Peichl, Andreas; … - CESifo - 2011

2008-09, using data available prior to the economic downturn. We first estimate labor demand on 12 years of detailed … effects of actual output shocks to household-level microdata. A scenario in which labor demand adjustments occur at the …

Persistent link: https://www.econbiz.de/10008914277

Labor Demand During the Crisis: What Happened in Germany?

Bohachova, Olga; Boockmann, Bernhard; Buch, Claudia M. - CESifo - 2011

’ labor demand during the crisis using a firm-level panel dataset. Our analysis proceeds in two steps. First, we estimate a … dynamic labor demand function for the years 2000-2009 accounting for the degree of working time flexibility and the presence … as a measure of labor hoarding as the dependent variable in a cross-sectional regression for 2009. Apart from total labor …

Persistent link: https://www.econbiz.de/10009367393

Reforming an Insider-Outsider Labor Market: The Spanish Experience

Bentolila, Samuel; Dolado, Juan Jose; Jimeno, Juan F. - CESifo - 2011

This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide … leads to purely marginal changes that do not alter the fundamental features of labor market institutions. While the Great … Recession and the start of the sovereign debt crisis triggered two labor reforms, the political economy equilibrium has not …

Persistent link: https://www.econbiz.de/10009386357

Labour Market Institutions and Unemployment. An International Comparison

Flaig, Gebhard; Rottmann, Horst - CESifo - 2011

This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the period 1960 to 2000. In contrast to many other studies, we use long time series and analyze cyclically adjusted trend values of the unemployment rate. Our novel contribution is...

Persistent link: https://www.econbiz.de/10009278129

Industry-Level Labour Demand Elasticities Across the Eurozone: Will There Be Any Gain After the Pain of Internal Devaluation?

Adam, Antonis; Moutos, Thomas - CESifo - 2014

In this paper we estimate disaggregated labour demand equations using panel data involving observations across time (1970-2007) for twenty-three industries across eleven euro area countries. By using the EU KLEMS database, which provides data across countries, we provide industry-by-industry...

Persistent link: https://www.econbiz.de/10010790173

When Credit Dries Up: Job Losses in the Great Recession

Bentolila, Samuel; Jansen, Marcel; Jiménez, Gabriel; … - CESifo - 2013

We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks’ health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...

Persistent link: https://www.econbiz.de/10010723542