2 research outputs found

    Marcora for Slovenia

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    Marcora is a special model for worker buyouts that offers a variety of financial instruments and institutionalized technical assistance for a group of workers that want to continue the companyÔÇÖs operations. During the past 23 years, Marcora proved to be quite effective in decreasing the levels of unemployment. The proposed Marcora legislation for Slovenia suggests upfront payment of six-monthly unemployment benefits to the employees saving the businessÔÇÖ crisis. Comparing this amount with the cost per unemployed person in the absence of the Marcora law, we conclude that having the Marcora law would lead to lower costs, a potential annual raise of tax revenue from corporate taxation, and gains from taxes and contributions paid on wages in the Republic of Slovenia. However, to achieve the expected outcomes, the institutional investors supporting the Marcora must be adequately equipped with the means to provide the required technical, organizational, and financial assistanc