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The Costs of Job Displacement over the Business Cycle and Its Sources: Evidence from Germany

open access: yesSocial Science Research Network, 2022
We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns.
Johannes F. Schmieder   +2 more
semanticscholar   +1 more source

Inference in Regression Discontinuity Designs with a Discrete Running Variable [PDF]

open access: yesThe American Economic Review, 2016
We consider inference in regression discontinuity designs when the running variable only takes a moderate number of distinct values. In particular, we study the common practice of using confidence intervals (CIs) based on standard errors that are ...
M. Kolesár, Christoph Rothe
semanticscholar   +1 more source

How Do Households Respond to Job Loss? Lessons from Multiple High-Frequency Data Sets

open access: yesSocial Science Research Network, 2023
How much and through which channels do households self-insure against job loss? Combining data from a large bank and from government sources, we quantify a broad range of responses to job loss in a unified empirical framework.
A. Andersen   +5 more
semanticscholar   +1 more source

Predicting Re-Employment: Machine Learning Versus Assessments by Unemployed Workers and by Their Caseworkers

open access: yesSocial Science Research Network, 2023
IZA DP No. 16426 SEPTEMBER 2023 Predicting Re-Employment: Machine Learning versus Assessments by Unemployed Workers and by Their Caseworkers* Predictions of whether newly unemployed individuals will become long-term unemployed are important for the ...
Gerard J. van den Berg   +4 more
semanticscholar   +1 more source

Spending and Job-Finding Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data

open access: yesThe American Economic Review, 2022
We show that the largest increase in unemployment benefits in US history had large spending impacts and small job-finding impacts. This finding has three implications.
P. Ganong   +4 more
semanticscholar   +1 more source

Consumer Spending during Unemployment: Positive and Normative Implications

open access: yesThe American Economic Review, 2019
Using de-identified bank account data, we show that spending drops sharply at the large and predictable decrease in income arising from the exhaustion of unemployment insurance (UI) benefits.
P. Ganong, P. Noel
semanticscholar   +1 more source

Informal Labor and the Efficiency Cost of Social Programs: Evidence from Unemployment Insurance in Brazil

open access: yesAmerican Economic Journal: Economic Policy, 2021
It is widely believed that the presence of a large informal sector increases the efficiency cost of social programs in developing countries. We evaluate such claims for the case of unemployment insurance (UI) by combining an optimal UI framework with ...
F. Gérard, Gustavo Gonzaga
semanticscholar   +1 more source

Removing Welfare Traps: Employment Responses in the Finnish Basic Income Experiment

open access: yesSocial Science Research Network, 2021
This paper provides evidence that replacing minimum unemployment benefits with a basic income of equal size has minor employment effects at best. We examine an experiment in Finland in which 2,000 benefit recipients were randomized to receive a monthly ...
J. Verho   +2 more
semanticscholar   +1 more source

Unemployment Insurance Taxes and Labor Demand: Quasi-Experimental Evidence from Administrative Data

open access: yesAmerican Economic Journal: Economic Policy, 2021
To finance unemployment insurance, states raise payroll tax rates on employers who engage in layoffs. Tax rates are, therefore, highest for firms after downturns, potentially hampering labor-market recovery.
Andrew C. Johnston
semanticscholar   +1 more source

The Heterogeneous Impact of Short-Time Work: From Saved Jobs to Windfall Effects

open access: yesSocial Science Research Network, 2021
IZA DP No. 14381 MAY 2021 The Heterogeneous Impact of Short-Time Work: From Saved Jobs to Windfall Effects To understand which firms take-up short-time work and which workers they enroll in this program, we provide a model which shows that short-time ...
Pierre Cahuc, F. Kramarz, Sandra Nevoux
semanticscholar   +1 more source

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