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  1. How are firms affected by the crisis and how do they react?
    Published: 2012
    Publisher:  Univ. of Aarhus, Dep. of Economics, Aarhus

    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    No inter-library loan
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economics working paper ; 2012,11
    Subjects: Wirtschaftskrise; Unternehmenserfolg; Beschäftigungseffekt; Arbeitslosigkeit; Liquiditätsbeschränkung; Dänemark
    Scope: Online-Ressource (29 S.)
  2. Firm insurance and sickness absence of employees
    Published: 2012
    Publisher:  IZA, Bonn

    We investigate the effect of firms' participation in an insurance scheme on the long-term sickness absence of their employees, using administrative records. In Denmark and several other European countries, firms are obliged to cover the first two... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4 (6782)
    No inter-library loan

     

    We investigate the effect of firms' participation in an insurance scheme on the long-term sickness absence of their employees, using administrative records. In Denmark and several other European countries, firms are obliged to cover the first two weeks of sickness. The insurance scheme is provided by government authority and is designed to help small firms with the financial burden related to sickness absence of their workers. We use an exogenously-set threshold for the eligibility as a policy experiment. Using regression discontinuity in the fuzzy form, we show that sickness absence in insured firms is much more prevalent than in uninsured firms. Sickness spells in insured firms are shorter and the conditional probability to return back to work from sickness is much higher in insured firms. These results suggest that employees in insured firms are less monitored during the first two weeks and that their sickness is less serious. We demonstrate in the paper that the minimum cost of the present insurance scheme is similar to about 1100 man-years. On top of that comes a substantial cost to more short time sickness. -- sickness absence ; moral hazard ; insurance for employers

     

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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/62525
    Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 6782
    Subjects: Erwerbsunfähigkeit; Unternehmensversicherung; Moral Hazard; Europa
    Scope: Online-Ressource (PDF-Datei: 28 S., 584,33 KB), graph. Darst.
  3. How are firms affected by the crisis and how do they react?
    Published: 2012
    Publisher:  IZA, Bonn

    The recession started in 2008 constituted a massive shock to consumers and most firms all over the Western World. Firms were hit on their sales and finances. However, little is known on how badly they were hit and how they coped with the... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4 (6671)
    No inter-library loan

     

    The recession started in 2008 constituted a massive shock to consumers and most firms all over the Western World. Firms were hit on their sales and finances. However, little is known on how badly they were hit and how they coped with the difficulties. This paper gives a rare and fairly early glimpse on how private Danish firms were hit and how they adjusted in order to survive the crisis. The first phase of the recession led to the largest loss of jobs since the oil crisis in Denmark. Four years into the recession we see that larger firms are gradually creating jobs again, although the overall job growth is still negative (Statistics Denmark, 2012). Consequently we present an assessment of factors that have been important in explaining why some firms have been able to recreate jobs and others have not. Especially, we point at the critical role of access to credit in creating and destroying jobs. The paper is based on a survey run on all Danish firms with more than 20 employees in November and December 2011. -- crisis ; impact on firms ; credit constraints ; job growth and destruction ; survey

     

    Export to reference management software   RIS file
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/62359
    Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 6671
    Subjects: Wirtschaftskrise; Unternehmenserfolg; Beschäftigungseffekt; Arbeitslosigkeit; Liquiditätsbeschränkung; Dänemark
    Scope: Online-Ressource (PDF-Datei: 28 S., 443,42 KB), graph. Darst.