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Aggregate Wage Flexibility in Selected New EU Member States

Babetskii, Ian - 2013

A fixed exchange rate regime eliminates one degree of freedom in absorbing macroeconomic shocks. Therefore, there is a call for higher labor market flexibility in countries which are members of the monetary union or those which intend to join the monetary union. Focusing on the cross-country...

Persistent link: https://www.econbiz.de/10012754005

Country Size, Specialization Patterns and Secular Demand Stagnation

Ono, Yoshiyasu - 2018

. If unemployment appears, however, home employment and consumption per capita decrease …

Persistent link: https://www.econbiz.de/10012930076

Asymmetries in Earnings, Employment and Wage Risk in Great Britain

Angelopoulos, Konstantinos - 2017

This paper examines the relationship between idiosyncratic risk in labour income and fluctuations in aggregate labour market quantities for Great Britain. We use data from the British Household Panel Survey (BHPS) for 1991-2008 and from the BHPS sub-sample of Understanding Society for 2010-2014....

Persistent link: https://www.econbiz.de/10012958452

Earnings Inequality and the Minimum Wage : Evidence from Brazil

Engbom, Niklas - 2017

We quantify the effect of a minimum wage on compression throughout the earnings distribution. Using the case of Brazil, which experienced a large decrease in earnings inequality while its real minimum wage increased from 1996-2012, we document that the inequality decrease was bottom-driven yet...

Persistent link: https://www.econbiz.de/10012960361

Beyond the Labour Income Tax Wedge : The Unemployment-Reducing Effect of Tax Progressivity

Lehmann, Etienne - 2013

the unemployment rate and increases the employment rate. From a theoretical point of view, higher progressivity induces a … average wage, we show that a more progressive taxation reduces the unemployment rate and increases the employment rate. These …

Persistent link: https://www.econbiz.de/10013077458

Should Unemployment Insurance Be Asset-Tested?

Köhne, Sebastian - 2013

We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … incentive to save and fewer private resources are used for consumption smoothing during unemployment. Our results show that in a … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal …

Persistent link: https://www.econbiz.de/10013078913

Profit Sharing, Wage Formation and Flexible Outsourcing under Labor Market Imperfection

Koskela, Erkki - 2013

We combine profit sharing and outsourcing, if the wage for worker is decided by a labor union to analyze how does the implementation of profit sharing affect individual effort and the bargained wage and thus outsourcing? We find that profit sharing and the wage level have an individual...

Persistent link: https://www.econbiz.de/10013095155

Insurance in Human Capital Models with Limited Enforcement

Krebs, Tom; Kuhn, Moritz; Wright, Mark L. J. - 2021

This paper develops a tractable human capital model with limited enforceability of contracts. The model economy is populated by a large number of long-lived, risk-averse households with homothetic preferences who can invest in risk-free physical capital and risky human capital. Households have...

Persistent link: https://www.econbiz.de/10013315494

Dismissal Disputes and Endogenous Sorting

Garibaldi, Pietro; Pfann, Gerard A. - 2021

Dismissal disputes occur mostly in recessions and often lead to long and costly contract termination procedures. This paper investigates how dispute procedures may affect the job-matching process. First we present a simple accounting framework that corresponds with general dismissal legislation,...

Persistent link: https://www.econbiz.de/10013315541

Minimum Wages as a Redistributive Device in the Long Run

Oikonomidēs, Geōrgios; Moutos, Thomas - 2021

This paper analyzes long run outcomes resulting from adopting a binding minimum wage in a neoclassical model with perfectly competitive labour markets and capital accumulation. The model distinguishes between workers of heterogeneous ability and capitalists who do all the saving, and it entails...

Persistent link: https://www.econbiz.de/10013315566