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11th joint ECB/CEPR Labour Market Workshop: Employment creation after the crisis

Frankfurt am Main, 17 and 18 December 2015
Main building, room C3.08/09


Thursday, 17 December 2015
Registration and coffee

Welcome address

Diego Rodriguez Palenzuela, European Central Bank (ECB)


Paper 1 Unemployment cycles

Jan Eeckhout, Universitat Pompeu Fabra/University College London and CEPR - presenter
Ilse Lindenlaub, Yale University

Discussant: François Fontaine, Ecole d'Économie de Paris (PSE) and Centre d'Économie de la Sorbonne (CES)

Paper 2 The 2014 employment miracle?

Marcus Hagedorn, University of Oslo and CEPR - presenter
Iourii Manovskii, University of Pennsylvania and CEPR
Kurt Mitman, Institute for International Economic Studies (IIES) at Stockholms universitet

Discussant: Francis Kramarz, Centre de Recherche en Économie et Statistique (CREST) and CEPR

Coffee break

Paper 3 How bad is involuntary part-time work?

Daniel Borowczyk-Martins, Sciences Po
Etienne Lalé, University of Bristol - presenter

Discussant: Juan F. Jimeno, Banco de España and CEPR

Paper 4 Intended effects and side effects of selective wage subsidies

Elton Beqiraj, Sapienza Università di Roma - presenter
Massimiliano Tancioni, Sapienza Università di Roma

Discussant: Christian Haefke, NYU Abu Dhabi

Lunch break

Paper 5 Do credit shocks affect labour demand? Evidence of employment and wages during the financial crisis

Alexander Popov, European Central Bank - presenter
Jörg Rocholl, European School of Management and Technology (ESMT)

Discussant: Marcel Jansen, Universidad Autónoma de Madrid

Paper 6 Winners and losers of financial crises: evidence from individuals and firms

Joshua Montes, Congressional Budget Office - presenter
Daniela Hochfellner, University of Michigan and Institut für Arbeitsmarkt- und Berufsforschung (IAB)
Martin Schmalz, University of Michigan
Denis Sosyura, University of Michigan

Discussant: Sébastien Roux, Banque de France

Coffee break

Paper 7 Labour supply management in search equilibrium

Cynthia L. Doniger, Federal Reserve Board
J. David López-Salido, Federal Reserve Board and CEPR - presenter

Discussant: Marcus Hagedorn, University of Oslo and CEPR

Paper 8 Start-ups, house prices and the US recovery

Immo Schott, Université de Montréal

Discussant: Amine Ouazad, Institut Européen d'Administration des Affaires, (INSEAD)


Official dinner (by invitation only)

Friday, 18 December 2015
Registration and coffee
Welcome by Samuel Bentolila, Centro de Estudios Monetarios y Financieros (CEMFI) and CEPR

Keynote speech The effectiveness of hiring credits

Pierre Cahuc, École Polytechnique and CEPR – keynote speaker
Stéphane Carcillo, Organisation for Economic Co-operation and Development (OECD)
Thomas Le Barbanchon, École Polytechnique

Coffee break

Paper 9 What hides behind the German labour market miracle? A macroeconomic analysis

Benjamin Hartung, Rheinische Friedrich-Wilhelms-Universität Bonn - presenter
Philip Jung, Technische Universität Dortmund
Moritz Kuhn, Rheinische Friedrich-Wilhelms-Universität Bonn

Discussant: Thijs van Rens, University of Warwick and CEPR

Paper 10 Moving towards a single labour contract: transition vs. steady state

Juan J. Dolado, European University Institute and CEPR
Etienne Lalé, University of Bristol
Nawid Siassi, Universität Konstanz - presenter

Discussant: Olivier Charlot, University of Cergy-Pontoise

Paper 11 Hiring incentives and/or firing cost reduction? Evaluating the impact of the 2015 policies on the Italian labour market

Paolo Sestito, Banca d'Italia
Eliana Viviano, Banca d'Italia - presenter

Discussant: Samuel Bentolila, CEMFI and CEPR

Lunch break

Policy panel

The conference will conclude with a policy panel. A 35-minute presentation will be followed by a 15-minute panel discussion and a general discussion.

End of workshop

General information

Workshop venue

European Central Bank
Main building, room C3.08/09
Sonnemannstrasse 20
60314 Frankfurt am Main

+49 69 1344 0
Fax: +49 69 1344 6000

Workshop language



Participants are requested to arrange their own transfers.

Workshop organisers

Samuel Bentolila, CEMFI and CEPR
Francis Kramarz, CREST and CEPR
Valerie Jarvis, ECB
Ana Lamo, ECB
Diego Rodriguez Palenzuela, ECB


Nicola Bowen
Output and Demand Division
+49 69 69 1344 6351

Tzveta Maneva
Output and Demand Division
+49 69 69 1344 6087