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Tom Mr. Krebs products

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Labor Market Institutions and the Cost of Recessions

Tom Mr. Krebs & Martin Mr. Scheffel

Labor Market Institutions and the Cost of Recessions by Tom Mr. Krebs & Martin Mr. ScheffelThis paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incomplete-market model with search unemployment, skill depreciation during unemployment, and idiosyncratic as well as aggregate labor market risk. The theoretical analysis shows that an increase in JSA and a reduction in UI reduce the output cost of recessions by making the labor market more fluid along the job finding margin and thus making the economy more resilient to macroeconomic shocks....
2017 / 4 / 19
$9.00

£7.13
€8.18
Ca$12.36
Au$12.34
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DRM-PDF

Structural Reform in Germany

Tom Mr. Krebs & Martin Mr. Scheffel

Structural Reform in Germany by Tom Mr. Krebs & Martin Mr. Scheffel
2016 / 10 / 7
$9.00

£7.13
€8.18
Ca$12.36
Au$12.34
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DRM-EPUB

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05/27/2017
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