The Sahm Rule and Predicting the Great Recession Across OECD Countries

2021 ◽  
Author(s):  
David G. Blanchflower ◽  
Alex Bryson
Keyword(s):  
Great Recession ◽  
Oecd Countries ◽  
The Great Recession

scholarly journals THE EXTENSION OF SHORT-TIME WORK SCHEMES DURING THE GREAT RECESSION: A STORY OF SUCCESS?

2018 ◽  
Vol 24 (2) ◽  
pp. 360-402 ◽  
Author(s):  
Björn Brey ◽  
Matthias S. Hertweck
Keyword(s):  
Unemployment Rate ◽  
Great Recession ◽  
Oecd Countries ◽  
Gdp Growth ◽  
Eligibility Criteria ◽  
The Great Recession ◽  
Automatic Stabilizer ◽  
Time Work ◽  
Short Time

This paper evaluates the effectiveness of short-time work (STW) extensions—e.g., relaxing eligibility criteria or implementing new schemes—in OECD countries during the Great Recession. First, we find that the dampening effect of STW on the unemployment rate diminishes at higher take-up rates. Second, only countries with pre-existing STW schemes were able to fully exploit the benefits of STW. Third, the effects of STW were strongest when GDP growth was deeply negative at the beginning of the recession. In summary, our results indicate that STW is most effective when used as a fast-responding automatic stabilizer.

Unemployment persistence in OECD countries after the Great Recession

2017 ◽  
Vol 64 ◽  
pp. 105-116 ◽  
Author(s):  
André M. Marques ◽  
Gilberto Tadeu Lima ◽  
Victor Troster
Keyword(s):  
Great Recession ◽  
Oecd Countries ◽  
The Great Recession ◽  
Unemployment Persistence
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