Similar Search Results

Unemployment Persistence and the Unemployment-Productivity Relation

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994

This paper explores the interrelation between the degree of unemployment persistence and the unemployment-productivity …

Persistent link: https://www.econbiz.de/10005662035

The Low-Skill, Bad-Job Trap

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994

The paper explains how a country can fall into a 'low-skill, bad-job trap', in which workers acquire insufficient training and firms provide insufficient skilled vacancies. In particular, the paper argues that in countries where a large proportion of the workforce is unskilled, firms have little...

Persistent link: https://www.econbiz.de/10005124126

The High Unemployment Trap

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992

A model of the labour market under firing restrictions and endogenous quits is constructed. It is shown that in the spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment equilibrium coexisting with a high-quits/low-unemployment...

Persistent link: https://www.econbiz.de/10005791589

Policy Complementarities: The Case for Fundamental Labour Market Reform

Coe, David T; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...

Persistent link: https://www.econbiz.de/10005791663

Age, wage and productivity

Stoeldraijer, Lenny; Ours, Jan C van - C.E.P.R. Discussion Papers - 2010

Previous empirical studies on the effect of age on productivity and wages find contradicting results. Some studies find … that if workers grow older there is an increasing gap between productivity and wages, i.e. wages increase with age while … productivity does not or does not increase at the same pace. However, other studies find no evidence of such an age related pay-productivity …

Persistent link: https://www.econbiz.de/10008468718

Animal Spirits, Persistent Unemployment and the Belief Function

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2010

This paper presents a theory of the monetary transmission mechanism in a monetary version of Farmer’s (2009) model in which there are multiple equilibrium unemployment rates. The model has two equations in common with the new-Keynesian model; the optimizing IS curve and the policy rule. It...

Persistent link: https://www.econbiz.de/10008692320

A Cross-Country Analysis of the Tax-Push Hypothesis

Schioppa, Padoa; Kostoris, Fiorella - C.E.P.R. Discussion Papers - 1991

A microeconomic theoretical model shows that two factors - the compensation and progressivity effects - produce the shifting (if any) of tax rates on wage formation. From an analytical viewpoint, they may be positive or negative and of equal or different sign. A microfounded nested macroeconomic...

Persistent link: https://www.econbiz.de/10005114165

Tax Rates, Progressivity and de facto Fiscal Indexation in Ten European Countries

Schioppa, Padoa; Kostoris, Fiorella - C.E.P.R. Discussion Papers - 1991

Difficulties in European fiscal harmonization will mainly depend on present inter-country differences in effective rather than scheduled tax rates and tax structures. This paper therefore tries to evaluate the historical and current heterogeneities and similarities which characterize not only de...

Persistent link: https://www.econbiz.de/10005114279

The Household Effects of Government Spending

Giavazzi, Francesco; McMahon, Michael - C.E.P.R. Discussion Papers - 2012

This paper provides new evidence on the effects of fiscal policy by studying, using household-level data, how households respond to shifts in government spending. Our identification strategy allows us to control for time-specific aggregate effects, such as the stance of monetary policy or the...

Persistent link: https://www.econbiz.de/10011083759

Temporary Shocks and Unavoidable Transitions to a High-Unemployment Regime

Den Haan, Wouter - C.E.P.R. Discussion Papers - 2003

This Paper develops a model with multiple steady states (low tax and low unemployment versus high tax and high unemployment) in which equilibrium selection is not conditioned on a sunspot variable. Instead, large temporary shocks initiate unavoidable transitions from one steady state to another....

Persistent link: https://www.econbiz.de/10005656314

1
2
3
4
5
6
7
8
9
10
Next
Last