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Persistent link: https://www.econbiz.de/10003655872
contemporary labor issues in North America and Europe, from reserve rules and free agency, high levels of player pay and work …
Persistent link: https://www.econbiz.de/10012471202
. Results are presented for the U. S., Japan, and an aggregate called "Europe" consisting of eleven European economies. The … primary theme of the paper is that differences between Europe and the U. S. have been substantially exaggerated in recent work …. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits …
Persistent link: https://www.econbiz.de/10012477000
Since the early 1990's the growth rates of the four largest European economies--France, Germany, Italy, and the United Kingdom--have slowed. This persistent slowdown suggests a low-frequency structural change is at work. A combination of longer individual life expectancies and declining...
Persistent link: https://www.econbiz.de/10012480447
Prior work has established that the financing environment can impact firm strategy. We argue that this influence can shape the earliest strategic choices of a new venture by creating a potential tradeoff between two objectives: rapid growth and reaping the benefits of a positive reputation...
Persistent link: https://www.econbiz.de/10012480556
In the aftermath of World War II, the world's economies exhibited very different rates of economic recovery. We provide evidence that those countries that caught up the most with the U.S. in the postwar period are those that also saw an acceleration in the speed of adoption of new technologies....
Persistent link: https://www.econbiz.de/10012462278
Economists are often puzzled by the stronger public opposition to immigration than trade, since the two policies have similar effects on wages. Unlike trade, however, immigration can alter the composition of the local population, imposing potential externalities on natives. While previous...
Persistent link: https://www.econbiz.de/10012463128
The ageing of the population presents a major fiscal challenge for the countries of Europe. The combination of …
Persistent link: https://www.econbiz.de/10012465924
Although we cannot conceive of processes of economic growth that do not involve institutional change, in this essay we outline some reasons why one should be cautious about grounding a theory of growth on institutions. We emphasize how very different institutional structures have often been...
Persistent link: https://www.econbiz.de/10012468703
predictions of our simple model are consistent with the contrasting performance of the labor market in Europe and US in terms of … the economy with unemployment insurance (Europe). As a result, unemployment doubles in this economy. In the laissez …
Persistent link: https://www.econbiz.de/10012472779