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The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?

Hagedorn, Marcus, Manovskii, Iourii, Mitman, Kurt, (2016), “The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?”, Centre for Economic Policy Research, January. We measure the aggregate effect of unemployment benefit duration on employment and the labor force. We exploit the variation induced by Congress’ failure in December 2013 to reauthorize the unprecedented benefit extensions introduced during the Great Recession. Federal benefit extensions that ranged from 0 to 47 weeks across …Read More

The crisis and regional employment in Europe: what role for sheltered economies?

Fratesi, Ugo, Rodríguez-Pose, Andrés, (2016), “The crisis and regional employment in Europe: what role for sheltered economies?”, Centre for Economic Policy Research, January. This paper examines how the evolution of employment trends in the regions of Europe since the outbreak of the crisis may have been shaped by the emergence of sheltered economies in certain regions of Europe in the pre-crisis period. The paper uses descriptive and econometric analysis to determine the relationship …Read More

Labour market reforms, growth and inequality: Evidence from a new dataset

F. Campos, Nauro, B Nugent, Jeffrey, (2016), “Labour market reforms, growth and inequality: Evidence from a new dataset”, Voxeu, 28 January Labour market liberalisation is one of the most important structural reforms, and yet one of the least well understood. The conventional view is that such reforms increase welfare and improve economic performance.For example, changes in employment laws that lower the costs of hiring and firing workers encourage job separations, increase job creation …Read More

Break The Vicious Circle Of Falling Prices And Wages

Janssen, Ronald, (2016), “Break The Vicious Circle Of Falling Prices And Wages”, Social Europe Journal, 27 January The IMF has recently released its latest World Economic Outlook (WEO) pointing to persistently weak growth and another downward revision of its projected growth rates for 2016 and 2017 by 0.2 percentage points in each year. Despite this, the IMF’s growth trajectory still sees the world economy recovering slightly from the weakness it …Read More

The Labor Market Performance of Immigrants in Germany

Beyer, Robert C. M., (2016), “The Labor Market Performance of Immigrants in Germany”, IMF Working Paper No. 16/6, 21 January. The paper uses a large survey (GSOEP) to analyze the labor market performance of immigrants in Germany. It finds that new immigrant workers earn on average 20 percent less than native workers with otherwise identical characteristics. The gap is smaller for immigrants from advanced countries, with good German language skills, and with …Read More

Social insurance with competitive insurance markets and risk misperception

Cremer, Helmuth, Roeder, Kerstin, (2016), “Social insurance with competitive insurance markets and risk misperception”, Centre for Economic Policy Research, January. This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and productivity are negatively correlated. This condition is usually shown to be satisfied for many health risks, …Read More

Six Questions for Europe

Bocchi, Alessandro Magnoli, (2016), “Six Questions for Europe”, Εconomonitor Blog, January. Europe is in decline. To avoid decay, it needs to bridge the gap between aspirations and reality. As practiced, democracy is failing citizens and needs rethinking. Below-replacement fertility rates put the welfare state at risk. Rigid social structures induce risk-aversion and stifle innovation. Immigration-without-integration erodes social cohesion. Without fresh thinking at the macro and micro level, growth will stagnate. Going …Read More

Employment and Social Developments in Europe 2015

European Commission, (2016), “Employment and Social Developments in Europe 2015 “, European Commission publications, 21 January Success in raising employment levels and living standards in Europe depends on effective support policies as well as positive macro-economic strategies. In this respect, this year’s Employment and Social Developments review addresses a range of issues.It starts by looking at the contribution of entrepreneurship and self-employment to job creation and growth and the need …Read More

The Future of Jobs-Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution

World Economic Forum, (2016), “Executive Summary: The Future of Jobs-Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution”, World Economic Forum, January Disruptive changes to business models will have a profound impact on the employment landscape over the coming years. Many of the major drivers of transformation currently affecting global industries are expected to have a significant impact on jobs, ranging from significant job creation to job displacement, and from heightened …Read More

How long before growth and employment are restored in Greece?

Papadimitriou, Dimitri B., Nikiforos, Michalis, Zezza, Gennaro, (2016), “How long before growth and employment are restored in Greece?”, Levy Economics Institute of Bard College, Strategic Analysis, January. The Greek economy has not succeeded in restoring growth, nor it has managed to restore a climate of reduced uncertainty, which is crucial for stabilizing the business climate that promotes investment. On the contrary, a new round of austerity measures that has agreed upon will imply another year of …Read More