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Long-Term Unemployment in Britain in the 1930s
Crafts, Nicholas - C.E.P.R. Discussion Papers - 1985
Long-term unemployment was regarded by contemporaries in the 1930's as a major problem but analysis of it has been … neglected in modern economists' research. This paper presents data on durations of unemployment and a measure of the welfare … costs associated with long-term unemployment. It is argued that only a small minority of the long-term unemployed had high …
Persistent link: https://www.econbiz.de/10005281290
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Youth Unemployment and Government Policy
Orszag, Mike; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997
This paper discusses how employment vouchers should depend on age in a simple overlapping generations model in which workers are either young or old. We find that young workers should receive higher vouchers as displacement of the old rises and as the deadweight loss from providing vouchers to...
Persistent link: https://www.econbiz.de/10005792290
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Privatization and Deindustrialization in East Germany
Carlin, Wendy - C.E.P.R. Discussion Papers - 1993
The transition in East Germany has been characterized by an extremely rapid privatization of state-owned enterprises and by an equally rapid process of deindustrialization. The great majority of East German SOEs have been privatized and are now genuine capitalist firms with an owner with the...
Persistent link: https://www.econbiz.de/10005123788
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Revenue-sharing Subsidies as Employment Policy: Reducing the Cost of Stimulating East German Employment
Snower, Dennis J. - C.E.P.R. Discussion Papers - 1993
This paper provides a brief overview of the East German employment problem and presents a simple model in which to evaluate two rival policy proposals: wage subsidies and revenue-sharing subsidies. Revenue-sharing subsidies have received little, if any, attention in the ongoing public debate on...
Persistent link: https://www.econbiz.de/10005124179
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East Germany: The Economics of Kinship
von Hagen, Jürgen - C.E.P.R. Discussion Papers - 1995
Assessments of the East German transition commonly focus narrowly on the size of financial transfers from the West to the East. Of more relevance to other cases of transformation is the fact that East Germany was immediately brought into the trading and financial system of the world economy and...
Persistent link: https://www.econbiz.de/10005114416
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A Tear in the Iron Curtain: The Impact of Western Television on Consumption Behavior
Bursztyn, Leonardo; Cantoni, Davide - C.E.P.R. Discussion Papers - 2012
This paper examines the impact of exposure to foreign media on the economic behavior of agents in a totalitarian regime. We study private consumption choices focusing on former East Germany, where differential access to Western television was determined by geographic features. Using data...
Persistent link: https://www.econbiz.de/10011084275
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An Exercise in Futility: East German Economic Growth and Decline, 1945-89
Ritschl, Albrecht - C.E.P.R. Discussion Papers - 1994
This paper assembles and reviews data on growth performance for East Germany. Conclusions are only tentative, as data reliability is still poor. Examining factor growth and total factor productivity performance, the paper arrives at three main conclusions. First, large-scale dismantling of...
Persistent link: https://www.econbiz.de/10005792463
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Factor Price Distortions and Public Subsidies in East Germany
Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 1995
Economic development in East Germany is not uniform. The building and construction industry is booming but manufacturing industry is stagnating. The paper argues that severe distortions in relative factor prices are the cause of the dichotomous development. These distortions result from...
Persistent link: https://www.econbiz.de/10005791945
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Unemployment and Inflation in Ireland: 1926-2012
Gerlach, Stefan; Lydon, Reamonn; Stuart, Rebecca - C.E.P.R. Discussion Papers - 2015
We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU …
Persistent link: https://www.econbiz.de/10011272719
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Firm Leverage and Unemployment during the Great Recession
Giroud, Xavier; Mueller, Holger M - C.E.P.R. Discussion Papers - 2015
We argue that firms’ balance sheets were instrumental in the propagation of shocks during the Great Recession. Using establishment-level data, we show that firms that tightened their debt capacity in the run-up (“high-leverage firms”) exhibit a significantly larger decline in employment in...
Persistent link: https://www.econbiz.de/10011252614