Search results for "Recession"
showing 10 items of 250 documents
Fiscal multipliers and job-protection regulation
2021
Abstract We study, both theoretically and empirically, how labor market regulation affects fiscal multipliers. We focus on the stringency of employment protection legislation, a prominent source of rigidity in European labor markets. First, using a small-open economy model that features labor-market search-and-matching frictions and nominal rigidities, we show that an increase in government spending has larger output effects when firing costs are lower. The importance of layoff costs for the public spending multiplier is larger in the absence of exchange rate adjustment and in a recession. Second, we confirm these findings empirically using a panel of 26 advanced countries over the period 1…
The PSOE's deliberation and democratic innovations in turbulent times for the social democracy
2020
In the midst of the great recession, the Spanish Socialists Worker's Party (PSOE) lost the Government and experienced a process of instability while trying to reconnect with its electorate. The party's strategic response was embracing highly inclusive deliberations on both key institutional and policy issues that eventually sparked tensions and division. These internal debates led to the introduction and implementation of other democratic innovations, such as direct votes and consultations that substantially transformed key features of the PSOE's organizational model. The article discusses the main features and problems of such deliberations and democratic innovations, and their wider conse…
Will austerity cuts dismantle the Spanish healthcare system?
2013
In the face of austerity, a series of disconnected “reforms” could, without corrective measures, lead to the effective dismantling of large parts of the Spanish healthcare system, with potentially detrimental effects on health. Helena Legido-Quigley and colleagues explain.
Educated for migration? Blind spots around labor market conditions, competence building, and international mobility
2018
Young European graduates are crossing borders to work abroad more often than in the past. This trend is particularly evident in Southern Europe, where recent economic downturn has significantly diminished professional opportunities and career prospects. This study will investigate Spain, a country where unemployment has increased dramatically since 2008, as a case study to examine recent graduate’s experiences to develop a professional career in Germany. In particular, this study will draw upon various sources: official statistics; review literature; and education and training policies throughout the European Union. The investigation features an interview with Spanish graduates working in …
Overqualified Employees: Making the Best of a Potentially Bad Situation for Individuals and Organizations
2011
One of the “truisms” of personnel selection is that overqualified applicants are likely to be a poor fit and thus experience low job satisfaction and performance and higher turnover. Recently, the issue of overqualification has come to the forefront because of the economic downturn, especially in some European Union countries where unemployment rates are extremely high. However, empirical research on overqualification in the industrial–organizational/organizational behavior literature is limited. In this article, we argue that although there may be drawbacks to overqualification for both organizations and employees, overqualification may also provide a number of positive outcomes for worker…
Unemployment Transitions to Stable and Unstable Jobs Before and During the Crisis
2014
Using administrative records data from Spanish Social Security, we analyse the pattern and the determinants of individual unemployment benefit spell durations. We compare a period of expansion (2005-2007) and the recent recession (2009-2011), allowing us to determine the impact of the current crisis. In line with the duality that characterizes the Spanish labour market, we distinguish between exits to a stable job and exits to an unstable job. We estimate a Multivariate Mixed Proportional Hazard Model for each time period. We find similar effects of the crisis for stable and unstable jobs, which are particularly strong in the first year of the spell. Moreover, slight negative duration depen…
Rethinking Labour Migration Channels: the Experience of Latvia from EU Accession to Economic Recession
2013
With the onset of recession in the UK in 2008, it was assumed that immigration from other European Union countries would decline. However, this has been shown to not be the case, with the volume of new arrivals from most of the East-Central European ‘Accession 8’ countries actually increasing. The focus of this paper is Latvia, a country that had a relatively buoyant economy following its accession to the European Union in 2004 but that now has one of the highest unemployment and emigration rates in Europe. Interviews carried out with labour providers, policymakers, and employers are used to examine the labour migration channels that reflect and structure labour migration flows from Latvia …
Effects of Raising Minimum Wage: Theory, Evidence and Future Challenges
2013
Abstract Minimum wage is one of the most studied topics in economics. This paper examines some of the most important issues related to the effects of raising minimum wage, based on new contributions in theoretical and empirical research, roughly since 2008. Our purpose was to find in the literature an explanation for the recent raise of minimum wage, in some European Union countries and United States and to identify possible effects of this evolution. Most of the studies point little or no employment response to modest increases in the minimum wage, but we argue there are some other effects to consider.
Optimal control of the inversion of two spins in Nuclear Magnetic Resonance
2012
International audience; We investigate the optimal control of the inversion of two spin 1/2 particles in Nuclear Magnetic Resonance. The two spins, which differ by their resonance offset, are controlled by the same radio frequency magnetic field. Using the Pontryagin Maximum Principle, we compute the optimal control sequence which allows to reach the target state in a given time, while minimizing the energy of the magnetic field. A comparison with the time-optimal solution for bounded control amplitude realizing the same control in the same time is made. An experimental illustration is done using techniques of Nuclear Magnetic Resonance.
Measurement of the Permanent Electric Dipole Moment of the $^{129}$Xe Atom
2019
We report on a measurement of the $CP$-violating permanent electric dipole moment (EDM) of the neutral $^{129}\mathrm{Xe}$ atom. Our experimental approach is based on the detection of the free precession of co-located nuclear spin-polarized $^{3}\mathrm{He}$ and $^{129}\mathrm{Xe}$ samples. The EDM measurement sensitivity benefits strongly from long spin coherence times of several hours achieved in diluted gases and homogeneous weak magnetic fields of about 400 nT. A finite EDM is indicated by a change in the precession frequency, as an electric field is periodically reversed with respect to the magnetic guiding field. Our result $(\ensuremath{-}4.7\ifmmode\pm\else\textpm\fi{}6.4)\ifmmode\t…