scholarly journals Labor Market Policies and Labor Market Flexibility During the Great Recession: The Case of Estonia

Author(s):  
Raul Eamets
2013 ◽  
Vol 13 (02) ◽  
pp. 1 ◽  
Author(s):  
Olivier Blanchard ◽  
Florence Jaumotte ◽  
Prakash Loungani ◽  
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...  

Author(s):  
Murat Tasci ◽  
Mary Zenker

Countries with very flexible institutions and labor market polices, like the U.S., experienced substantial increases in unemployment over the course of the Great Recession, while countries with relatively rigid institutions and strict labor market policies, such as France, fared better. However, this better short-term performance comes with a tradeoff: evidence suggests that flexible labor markets keep unemployment lower in the long run.


2014 ◽  
Vol 3 (1) ◽  
pp. 2 ◽  
Author(s):  
Olivier J Blanchard ◽  
Florence Jaumotte ◽  
Prakash Loungani

2019 ◽  
Vol 68 (3) ◽  
pp. 252-260
Author(s):  
Almut Balleer ◽  
Britta Gehrke ◽  
Brigitte Hochmuth ◽  
Christian Merkl

Abstract This article argues that short-time work stabilized employment in Germany substantially during the Great Recession in 2008/09. The labor market instrument acted in timely manner, as it was used in a rule-based fashion. In addition, discretionary extensions were effective due to their interaction with the business cycle. To ensure that short-time work will be effective in the future, this article proposes an automatic facilitation of the access to short-time work in severe recessions. This reduces the likelihood of a too extensive use at the wrong point in time as well as structural instead of cyclical interventions.


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