{"id":117822,"date":"2024-01-22T20:43:22","date_gmt":"2024-01-22T19:43:22","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/117822\/"},"modified":"2024-11-07T04:50:13","modified_gmt":"2024-11-07T03:50:13","slug":"negative-shocks-job-creation-and-selection-wwwforeurope-working-paper-no-11","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/117822\/","title":{"rendered":"Negative Shocks, Job Creation, and Selection. WWWforEurope Working Paper No. 11"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-117822","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"High inter-country variability characterises the responsiveness of both output to (exogenous) shocks and employment to output contractions. We argue that inter-country differences in firm-size distributions contribute to explaining this variability. Within an open economy model, we show that competitive selection processes are an important channel through which a shock affects aggregate employment. Intra-industry selection is then shown to influence the effectiveness of active labour market policies in countering the employment and welfare effects of a negative shock. We estimate a measure of the shape parameter of firm size distribution and study its effect on the employment-output relationship for a number of OECD countries. Our results confirm the key predictions of the theory.","onlinedate":"2013-07-02 02:00:00","lang":"English","publication_series":"WWWforEurope: Welfare, Wealth and Work for Europe","publication_date":"20130701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"35","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":348217,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[81966],"research_groups":[3491],"collaboration":"","persons":[12483,12485,12487,12489],"persons_data":"[{\"personId\":12483,\"personName\":\"Catia Montagna\",\"organisationNames\":[]},{\"personId\":12485,\"personName\":\"Hassan Molana\",\"organisationNames\":[]},{\"personId\":12487,\"personName\":\"Daniel Kopasker\",\"organisationNames\":[\"UNIVDUN\"]},{\"personId\":12489,\"personName\":\"Holger G\u00f6rg\",\"organisationNames\":[\"IfW\"]}]","clients":[10692,10704,10722,32851],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Negative Shocks, Job Creation, and Selection. 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