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Psychiatric disorders and in particular depression have increased during the “Great Recession”. The aim of this study was to investigate the consumption of psychotropic drugs in people who lost their permanent employment, using administrative data. The study considered all of the subjects domiciled in Lombardy, Northern Italy, who lost a permanent employment between 2008 and 2010, not assuming psychotropic drugs and who did not find a new job within the following 12 months. The control group included people who did not lose permanent job in the study period, matched to the cases for gender, age, nationality, skill level, education and economic sector, using propensity score matching. The subjects who lost their permanent employment were 17 % more likely to receive one or more drug prescriptions than the controls, but the difference was significant only for males. Females, subjects aged >50 years, low skill level workers and Italians were more likely to have received a prescription for psychotropic drugs than respectively males, subjects aged 20–29 years or aged 30–39 years, low skill level workers and non-Italians. The average number of drugs prescribed for those who lost their job and those who continued working was respectively 2.9 and 3.1. In conclusion, losing a permanent job increases significantly psychotropic drugs consumption in males but not in females.

This paper develops a model according to which the costs of business cycles are nontrivial because they reduce the average level of output. The reason is an interaction between job creation costs and an agency problem. The agency problem triggers separations during economic downturns even though both the employer and the worker would be better off if the job was not discontinued, that is, affected jobs have strictly positive surplus values. Similarly, booms make it possible for more jobs to overcome the agency problem. These effects do not offset each other, because business cycles reduce the expected job duration for these jobs. With positive job creation costs, business cycles then reduce the creation of valuable jobs and lower average activity levels. Considering a wide range of parameter values, we find estimates for the cost of business cycles ranging from 2.03% to 12.7% of gross domestic product.

Over the last 15 years, the reforms of employment protection legislation (EPL) in European countries have mainly eased hiring and firing restrictions for temporary employment while leaving the strict EPL provisions for regular or permanent contracts unchanged. Recent reforms in France follow this pattern. Using a search-matching model, we argue that this type of partial reform is inefficient: easing restrictions on temporary jobs fosters both job creation and job destruction, but strict EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics of the specific labor market. Simulations of the model, calibrated for the French labor market, suggest that the job destruction effect is stronger, thus raising the unemployment rate.

The focus of this paper is on a microeconomic analysis of the annual transition rate from temporary to permanent work of individual workers in Canada for the period 1999–2004. Given that a large proportion of temporary employment is involuntary, an understanding of the factors associated with the transition to permanent work may inform public policy. Factors associated with the transition, namely, human capital, household structures and labour market segmentation are analyzed using data from the Statistics Canada's Survey of Labour and Income Dynamics (SLID) for the period 1999–2004, limited to paid workers aged 20–64 years, excluding students. Among the key factors associated with the transitions are younger age and low unemployment rates. The analysis adds to the Canadian and international literature on transitions from temporary to permanent work.

This paper proposes a jobs program to address both the chronic problems of unemployment and underemployment in the U.S. economy and the debilitating economic and political impacts of growing inequality in the U.S. The jobs program consists of three parts. First, the reduction of unemployment and underemployment by stimulating output, either under public or private auspices, of infrastructure, or social investment, in areas such as: transportation, education, health care, human services, and parks. Second, to recognize and respond to the failure of the private market to provide needed current public services, which will include a massive upgrading of pay and working conditions of these “human service” jobs by expanding public employment, sharing the costs of an enhanced and expanded social safety net. Third, to, explicitly and as a matter of industrial policy, target government investment and overall job growth towards the industries of the future, particularly in the areas of energy, agriculture, and other broadly defined “green” technologies.

Doing Business 2007 focuses on reforms, identifies top reformers in business regulation, and best practices in how to reform. This volume is the fourth in a series of annual reports investigating global regulations that enhance business activity and those that constrain it. Co-sponsored by the World Bank and the International Finance Corporation - the private sector arm of the World Bank Group - this year's report measures quantitative indicators on business regulations and their enforcement compared across 175 countries - from Afghanistan to Zimbabwe - and over time. Doing Business 2007 updates indicators developed in the three preceding reports.The ten indicators are: starting a business, dealing with licenses, hiring and firing, registering property, getting credit, protecting investors, trading across borders, paying taxes, enforcing contracts, and closing a business. The indicators are used to analyze economic and social outcomes, such as informality, corruption, unemployment, and poverty. This annually published report gives policymakers the ability to measure regulatory performance in comparison to other countries, learn from best practices globally, and prioritize reforms. This year's report covers 20 additional countries.

What is the relationship between employment and conflict in fragile states? Although this question cannot be definitively answered, a large body of research suggests that in countries emerging from conflict, peace is likelier to endure if growth can be rapidly restored and translated into economic opportunities for large segments of the population. With a focus on Sub-Saharan Africa, this report attempts to address the challenge of employment and conflict in fragile states. First, it reviews employment- creation activities in fragile and conflict-affected environments to see which approaches appear most promising. Second, it presents specific recommendations for an employment-generation strategy over the medium term. The report argues that in Sub-Saharan Africa, where almost three-quarters of the labor force still works in agriculture, agricultural value chains may have the greatest potential to diversify rural economies, raise household incomes, and thereby contribute to stability. The core of value chain development involves strengthening relationships a critical task in fragile and post- conflict environments, where trust and social cohesion have been shattered. The argument made by this report is developed as follows: the remainder of this chapter briefly defines fragility and summarizes current thinking about its relationship to economic development. It then concludes with a brief discussion of the historical roots of fragility in Sub-Saharan Africa and the implications of this trajectory for the region's current and future development. The second chapter reviews prevailing approaches to employment in fragile and conflict-affected environments. The third chapter examines current and emerging practice directed at restoring private sector activity. It briefly reviews the World Bank's approach to private sector development in four post- conflict countries and then introduces new arguments for earlier and bolder efforts to restore economies and generate employment. Chapter four concludes with recommendations for building on this emerging practice.

A number of industries underwent large and permanent reductions in employment growth at the beginning of this decade. We investigate the sources of these permanent changes in employment growth and what the consequences were for the U.S. economy. In particular, we find that relative declines in demand rather than technological innovations were the key drivers of the elevated levels of job destruction and permanent layoffs in the affected industries. In addition, most workers that were displaced in downsizing industries relocated to other sectors. While this process of reallocation led to large increases in productivity (and a reduction in labor's share of aggregate income) in industries shedding workers, it also resulted in prolonged periods of unemployment for many displaced workers, along with sizable reductions in earnings that were consistent with substantial losses in their specific human capital. Putting these pieces together, we estimate the costs to those adversely affected by these events to have been 1/2 percent to 1 percent of aggregate income per year.

Poor people derive most of their income from work; however, there is insufficient understanding of the role of employment and earnings as a linkage between growth and poverty reduction, especially in low income countries. With the objective of providing inputs into the policy discussion on how to enhance poverty reduction through increased employment and earnings for given growth levels, this study explores this linkage in the case of Madagascar using data from the national accounts and household surveys from the years 1999, 2001, and 2005, a period characterized among others by a short but severe crisis which started at the end of 2001 and the subsequent economic rebound. This report is part of a series of studies conducted in the context of the World Bank’s research framework aiming to improve the understanding of the linkages among growth, labor, and poverty reduction.

Poor people derive most of their income from work; however, there is insufficient understanding of the role of labor markets, employment, and earnings as a linkage between growth and poverty reduction, especially in low income countries. To provide inputs into the policy discussion on how to enhance poverty reduction through increased employment and earnings for given growth levels, this study explores this linkage in the case of Nicaragua using data for 2001 and 2005. To do so, the study discusses macroeconomic growth and the labor market in Nicaragua, presenting sectoral employment and productivity profiles. A poverty profile of the labor market is developed, with an examination of the income sources and a decomposition of poverty reduction. Other topics include labor regulation, segmentation, and barriers to mobility.This report is part of a series of the studies conducted in the context of the World Bank’s research framework aiming to improve the understanding of the linkages among growth, labor, and poverty reduction.