Similar Search Results

Inequality, poverty, and social protection in Bulgaria

Hallaert, Jean-Jacques - 2020

Absolute poverty has dropped markedly in Bulgaria but income inequality has increased substantially in the aftermath of the GFC. This increase is due to a rise in market income inequality that was compounded by a reduction in fiscal redistribution. The redistributive role of direct taxation has...

Persistent link: https://www.econbiz.de/10012300609

The Italian Social Protection System : The Poverty of Welfare

Rostagno, Massimo V. - 1998

Italy’s system of social protection has come under criticism for being fragmented and excessively skewed toward pensioners and “insiders.” After setting up a consolidated presentation of the social security accounts, this paper provides an empirical assessment of the effectiveness of the...

Persistent link: https://www.econbiz.de/10014401369

Dissecting saving dynamics : measuring wealth, precautionary, and credit effects

Carroll, Chris; Slacalek, Jirka; Sommer, Martin - 2012

We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...

Persistent link: https://www.econbiz.de/10009622528

Price and wage flexibility in Hong Kong SAR

Guo, Si - 2017

The paper assesses the price and wage flexibility in Hong Kong SAR. At the aggregate level, it compares Hong Kong SAR with the United States, the United Kingdom and Singapore by examining the three commonly used macroeconomic relationships among inflation, unemployment, wage growth, and output...

Persistent link: https://www.econbiz.de/10011716450

Understanding U.S. wage dynamics

Abdih, Yasser; Danninger, Stephan - 2018

reinforced and complemented at the micro-economic level. Lower regional unemployment puts an upward pressure on wages of … individuals, although this effect has become weaker since 2008. But there is downward pressure on wages for individuals with …

Persistent link: https://www.econbiz.de/10011866490

More slack than meets the eye? : recent wage dynamics in advanced economies

Hong, Gee Hee; Koczan, Zsoka; Lian, Weicheng; Nabar, Malhar - 2018

Nominal wage growth in most advanced economies remains markedly lower than it was before the Great Recession of 2008-09. This paper finds that the bulk of the wage slowdown is accounted for by labor market slack, inflation expectations, and trend productivity growth. In particular, there appears...

Persistent link: https://www.econbiz.de/10011932563

What's up with U.S. wage growth and job mobility?

Danninger, Stephan - 2016

-15 Current Population Survey, I find that the drawn-out cyclical labor market repair-likely owing to low entry wages of new … workers-slowed down real wage growth. There are, however, also signs of structural changes in the labor market affecting wages …

Persistent link: https://www.econbiz.de/10011711569

The Impact of Trade Priceson Employment and Wages in the United States

Hakura, Dalia - 1997

This paper investigates the sensitivity of sectoral employment and wages in the United States to changes in foreign … and wage levels. This paper estimates the impact of changes in both import and export prices on employment and wages in … most sectors, changes in trade prices do not have significant effects on employment and wages, although they generally have …

Persistent link: https://www.econbiz.de/10014401271

The Response of Wages and Labor Supply Movements to Employment Shocks Across Europe and the United States

Thomas, Alun H. - 1994

This paper assesses the responsiveness of wages and labor force movements to employment shocks across British and U ….S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all …

Persistent link: https://www.econbiz.de/10014398207