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Do reservation wages really decline? : Some international evidence on the determinants of reservation wages

Addison, John T. (contributor); Centeno, Mário (contributor) - 2008

Using cross-country data, we investigate the determinants of reservation wages and their course over the jobless spell. Higher unemployment benefits lead to higher reservation wages. Further, again consistent with the basic search model, repeated observations on the same individual provide scant...

Persistent link: https://www.econbiz.de/10003652702

Automatic stabilizers and economic crisis : US vs. Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2009

income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are … absorbed in the EU, compared to 34 per cent in the US. This cushioning of disposable income leads to a demand stabilization of … 23 to 32 per cent in the EU and 19 per cent in the US. There is large heterogeneity within the EU. Automatic stabilizers …

Persistent link: https://www.econbiz.de/10003879344

The redistributive effects of tax benefit systems in the enlarged EU

Fuest, Clemens; Niehues, Judith; Peichl, Andreas - 2009

the redistributive effects of different tax benefit instruments in the enlarged EU based on two approaches. Inequality …

Persistent link: https://www.econbiz.de/10003906234

Instability of the Eurozone? : On monetary policy, house prices and labor market reforms

Belke, Ansgar (contributor); Gros, Daniel (contributor) - 2007

"This paper deals with potential instabilities in the Eurozone stemming from an insufficient interplay between monetary policy and reform effort on the one hand and the emergence of intra-Euro area divergences on the other. As a first step, we assess the effect of EMU on structural reform and...

Persistent link: https://www.econbiz.de/10003429626

The reservation wage unemployment duration nexus

Addison, John T.; Machado, José A. F.; Portugal, Pedro - 2010

A thorny problem in identifying the determinants of reservation wages and particularly the role of continued joblessness in their evolution is the simultaneity issue. We deploy a natural control function approach to the problem that involves conditioning elapsed duration on completed...

Persistent link: https://www.econbiz.de/10008778692

Automatic stabilizers, economic crisis and income distribution in Europe

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2010

This paper investigates to what extent the tax and transfer systems in Europe protect households at different income levels against losses in current income caused by economic downturns like the present financial crisis. We use a multi country micro simulation model to analyse how shocks on...

Persistent link: https://www.econbiz.de/10003959997

Adjustment difficulties and debt overhangs in the eurozone periphery : (revised & updated version of WD No. 326, March 2010)

Gros, Daniel; Alcidi, Cinzia - 2011 - rev.

Persistent link: https://www.econbiz.de/10009573552

A European deposit insurance and resolution fund

Schoenmaker, Dirk; Gros, Daniel - 2012

Persistent link: https://www.econbiz.de/10009574120

Do Germans support the euro?

Gros, Daniel; Roth, Felix - 2011

Persistent link: https://www.econbiz.de/10009574202

Fiscal union in Europe? : redistributive and stabilising effects of an EU tax-benefit system

Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - 2012

study the economic effects of introducing two elements of a fiscal union: Firstly, an EU-wide tax and transfer system and … secondly, an EU-wide system of fiscal equalisation. Using the European tax-benefit calculator EUROMOD, we exploit … countries. These effects depend on income levels and the structures of the existing national tax and transfer systems. The EU …

Persistent link: https://www.econbiz.de/10009545267