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The unemployment protection systems that exist in most Latin American economies are generally considered inadequate in terms of providing insurance to workers. They may also encourage stratified labor markets and impose barriers to the employee’s mobility and the firm's adjustment to changing...
Persistent link: https://www.econbiz.de/10008868138
Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...
Persistent link: https://www.econbiz.de/10008469714
by large worker turnover and rising informality. We investigate whether the burden of informality falls … of the workers in involuntary informal employment. Those who quit, in turn, experience voluntary informality for the most …
Persistent link: https://www.econbiz.de/10009403394
This paper studies gross worker flows to explain the rising informality in Brazilian metropolitan labor markets from … and Maloney’s (2006) findings for Mexico that the patterns of worker transitions between formality and informality … correspond primarily to the job-to-job dynamics observed in the US and not to the traditional idea of informality constituting …
Persistent link: https://www.econbiz.de/10005761741
The fact that unemployed workers have different abilities to smooth consumption entails heterogeneous responses to extended unemployment benefits. Our empirical exercise explores a quasi-experimental setting generated by an increase in the benefits entitlement period. The results point towards a...
Persistent link: https://www.econbiz.de/10010990913
Severance pay, a fixed-sum payment to workers at job separation, has been the focus of intense policy concern for the last several decades, but much of this concern is unearned. The design of the ideal separation package is outlined and severance pay emerges as a natural component of job...
Persistent link: https://www.econbiz.de/10010884124
Although many programs redistribute resources in the U.S., two program were central in providing a safety net for those facing hardship during the Great Recession: the Supplemental Nutrition Assistance Program (SNAP), which grew to 47.7 million people in January 2013 – or 15.1 percent of all...
Persistent link: https://www.econbiz.de/10010884246
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state contingent transfers to agents most in need. On the...
Persistent link: https://www.econbiz.de/10010884271
This essay starts, after a short introduction on the importance and dimensions of “inclusive growth”, with a brief empirical sketch on to what extent Europe has already succeeded with respect to this ambitious goal. The result is quite sobering and gives rise to the question: why is it so?...
Persistent link: https://www.econbiz.de/10010884390
Earnings losses from permanent job separations are a serious threat to the financial security of long-tenured workers. Job displacement insurance is presumably designed to offset these losses, but evidence suggests that consumption smoothing among the long-tenured displaced is seriously...
Persistent link: https://www.econbiz.de/10010959565