The rise in unemployment during an economic crisis poses a significant concern to policy makers. Moreover, layoffs could slow down the economic recovery, since re-hiring and training workers may be costly for firms. This is particularly true for workers who have acquired job-specific skills. For these workers, it may be beneficial for firms to not let them go in the first place. However, as firms face lower demand for their products, they may not...
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2016/04/01
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Informativo
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104562
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1
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2016/04/07
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Disclosed
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Can wage subsidies boost employment in the wake of an economic crisis?
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economic crisis
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