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The impact of worker effort on public sentiment towards temporary migrants

Epstein, Gil S.; Venturini, Alessandra - 2011

Temporary and circular migration programs have been devised by many destination countries and supported by the European … additional reason for proposing temporary migration policies based on the characteristics of the foreign labor-effort supply. The … when temporary migration policies are adopted. -- Migration ; Exertion of effort ; Contracted Temporary Migration …

Persistent link: https://www.econbiz.de/10008990097

Unconventional fiscal policy in HANK

Seidl, Hannah; Seyrich, Fabian - 2021 - This version: August 10, 2022

We show that in a New Keynesian model with household heterogeneity, fiscal policy can be a perfect substitute for monetary policy: three simple conditions for consumption taxes, labor taxes, and the government debt level are sufficient to induce the same consumption and labor supply of each...

Persistent link: https://www.econbiz.de/10013342046

Unconventional fiscal policy in HANK

Seidl, Hannah; Seyrich, Fabian - 2021

In HANK, we show that fiscal policy is an appropriate macroeconomic stabilization tool at the ZLB. Fiscal policy achieves the same macroeconomic aggregates and the same welfare as hypothetically unconstrained monetary policy by replicating its transmission mechanism. Consumption taxes and labor...

Persistent link: https://www.econbiz.de/10012549562

Durable consumption, limited VAT pass-through and stabilization effects of temporary VAT changes

Clemens, Marius; Röger, Werner - 2022

This paper revives the question of whether a temporary VAT change is an adequate instrument for crisis stabilization. In empirical assessments, we find that durable goods consumption fluctuates strongly over the business cycle and that VAT rate changes affect durable goods in particular....

Persistent link: https://www.econbiz.de/10013198802

Remittances and inequality : a dynamic migration model

Docquier, Frédéric (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001775029

Unobservable, but unimportant? : the influence of personality traits (and other usually unobserved variables) for the evaluation of labor market policies

Caliendo, Marco; Mahlstedt, Robert; Mitnik, Oscar A. - 2014

Many commonly used treatment effects estimators rely on the unconfoundedness assumption ("selection on observables") which is fundamentally non-testable. When evaluating the effects of labor market policies, researchers need to observe variables that affect both treatment participation and labor...

Persistent link: https://www.econbiz.de/10010400598

Brain drain and LDCs' growth : winners and losers

Beine, Michel (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001675169

Are stock and housing returns complements or substitutes? : evidence from OECD countries

Caporale, Guglielmo Maria; Souza, Ricardo M. - 2011

In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence...

Persistent link: https://www.econbiz.de/10009579643

Confronting the representative consumer with household-size heterogeneity

Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2010

the poor: once expenditures for subsistence needs are subtracted from disposable household income, household …

Persistent link: https://www.econbiz.de/10009262082

Income redistribution, consumer credit, and keeping up with the riches

Klein, Mathias; Krause, Christopher - 2019

. We estimate the model and find a significant keeping up-mechanism by matching business cycle statistics. In reproducing …

Persistent link: https://www.econbiz.de/10012041964