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Is There a Trade-off between Unemployment and Productivity Growth?
Gordon, Robert J - C.E.P.R. Discussion Papers - 1995
unemployment, and relatively greater income equality, with the opposite path being pursued by the United States. While structural … shocks may initially create a positive trade-off between productivity and unemployment, they set in motion a dynamic path of … contributions of this paper are to show how a productivity-unemployment trade-off might emerge and how it might subsequently …
Persistent link: https://www.econbiz.de/10005114412
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Working 40 Hours or Not Working 39: Lessons from the 1981 Mandatory Reduction of Weekly Working Hours
Crépon, Bruno; Kramarz, Francis - C.E.P.R. Discussion Papers - 1999
of tackling their unemployment problem. …
Persistent link: https://www.econbiz.de/10005789204
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Searching for the Virtues of the European Model
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994
The distributional effects of the minimum wage are analysed in a model where skilled and unskilled labour enter the production function. It is argued that distributional goals are best achieved by letting the labour market clear and achieving redistribution through taxes and transfers.
Persistent link: https://www.econbiz.de/10005791667
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Crime Scars: Recessions and the Making of Career Criminals
Bell, Brian; Bindler, Anna; Machin, Steve - C.E.P.R. Discussion Papers - 2015
to lead a life of crime than those entering a buoyant labour market. Thus crime scars from higher entry level … unemployment rates are both long lasting and substantial. …
Persistent link: https://www.econbiz.de/10011171783
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Identifying the Effect of Unemployment on Crime
Raphael, Steven; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 1999
Previous estimates of the effect of unemployment on crime commonly omit determinants of criminal behavior that vary … with the business cycle, creating correlation between unemployment rates and the residuals in aggregate crime regressions … accompanying omitted variables bias to estimates of the effect of unemployment on crime. Using a state-level panel for the period …
Persistent link: https://www.econbiz.de/10005791606
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Fines, Leniency and Rewards in Antitrust: an Experiment
Bigoni, Maria; Fridolfsson, Sven-Olof; Le Coq, Chloé; … - C.E.P.R. Discussion Papers - 2009
This paper reports results from an experiment studying how fines, leniency programs and reward schemes for whistleblowers affect cartel formation and prices. Antitrust without leniency reduces cartel formation, but increases cartel prices: subjects use costly fines as (altruistic) punishments....
Persistent link: https://www.econbiz.de/10004976790
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Property Rights, Corruption and the Allocation of Talent: A General Equilibrium Approach
Acemoglu, Daron; Verdier, Thierry - C.E.P.R. Discussion Papers - 1996
We consider an economy where property rights are necessary to ensure sufficient rewards to ex-ante investments. Because enforcement of property rights influences the ex-post distribution of rents, there is room for corruption. We characterize the optimal organization of society and the optimal...
Persistent link: https://www.econbiz.de/10005124188
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Leniency Policies and Illegal Transactions
Buccirossi, Paolo; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2005
We study the consequences of leniency - reduced legal sanctions for wrongdoers who spontaneously self-report to law enforcers - on sequential, bilateral, illegal transactions such as corruption, manager-auditor collusion, or drug deals. It is known that leniency helps to deter illegal...
Persistent link: https://www.econbiz.de/10005124229
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Optimal Fines in the Era of Whistleblowers
Buccirossi, Paolo; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2006
We review current methods for calculating fines against cartels in the US and EU, and simulate their deterrence effects under different assumptions on the legal and economic environment. It is likely that European fines have not had significant deterrence effects before leniency programs were...
Persistent link: https://www.econbiz.de/10005136460
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Divide et Impera: Optimal Leniency Programmes
Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2004
Leniency programmes (or policies) reduce sanctions against cartel members that self-report to the Antitrust Authority. We focus on their ability to directly deter cartels and analogous criminal organizations by undermining internal trust, increasing individual incentives to ‘cheat’ on...
Persistent link: https://www.econbiz.de/10005136696