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Does the welfare state make older workers unemployable?

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2009

This paper discusses the specificities of the labor market for older workers. It discusses the implications of those specificities for the effect of labor market institutions on the employability of those workers. It shows that while unemployment benefits indexed backwards and hiring costs are...

Persistent link: https://www.econbiz.de/10008506842

Economic Policy and Reforms in Contemporary Italy

Schioppa, Padoa; Kostoris, Fiorella - C.E.P.R. Discussion Papers - 1998

This paper analyses the spectacular fiscal adjustment currently occurring in Italy. In 1990, the Italian General Government showed the second largest primary deficit-to-GDP ratio in Europe; in 1997 it is expected to have the largest primary surplus-to-GDP ratio, with a 3% overall deficit-to-GDP...

Persistent link: https://www.econbiz.de/10005123540

Poverty and the Welfare State in Inter-war London

Bailey, Roy E; Hatton, Timothy J. - C.E.P.R. Discussion Papers - 1997

In this paper we re-examine poverty among working class households in inter-war London using the newly computerized records from the New Survey of London Life and Labour (NSLLL), a survey of living standards in London undertaken in 1929–31. First, we examine how the use of different poverty...

Persistent link: https://www.econbiz.de/10005136690

A Theory of the Welfare State

Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 1995

The welfare state can be seen as an insurance device that makes lifetime careers safer, increases risk taking and suffers from moral hazard effects. Adopting this view, the paper studies the trade-off between average income and inequality, evaluating redistributive equilibria from an allocative...

Persistent link: https://www.econbiz.de/10005067443

The Enfranchisement of Women and the Welfare State

Bertocchi, Graziella - C.E.P.R. Discussion Papers - 2007

We offer a rationale for the decision to extend the franchise to women within a politico-economic model where men are richer than women, women display a higher preference for public goods, and women’s disenfranchisement carries a societal cost. We first derive the tax rate chosen by the male...

Persistent link: https://www.econbiz.de/10005067632

Belief in a Just World and Redistributive Politics

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2005

maintain, and pass on to their children, a view of the world where effort ultimately pays off and everyone gets their just … deserts. This paper offers a model that helps explain: i) why most people feel such a need to believe in a ‘just world’; ii … by a high prevalence of just-world beliefs among the population and relatively laissez-faire policies. The other …

Persistent link: https://www.econbiz.de/10005504312

Equilibrium Search Unemployment, Endogenous Participation and Labour Market Flows

Garibaldi, Pietro; Wasmer, Etienne - C.E.P.R. Discussion Papers - 2003

distortions. To analyse labour market participation decisions in a world with market frictions, we propose and solve a three …

Persistent link: https://www.econbiz.de/10005114497

The Fundamental Surplus in Matching Models

Ljungqvist, Lars; Sargent, Thomas J - C.E.P.R. Discussion Papers - 2015

To generate big responses of unemployment to productivity changes, researchers have reconfigured matching models in various ways: by elevating the utility of leisure, by making wages sticky, by assuming alternating-offer wage bargaining, by introducing costly acquisition of credit, or by...

Persistent link: https://www.econbiz.de/10011201357

Social Harmony At The Boundaries Of The Welfare State: Immigrants And Social Transfers

Epstein, Gil S; Hillman, Arye L. - C.E.P.R. Discussion Papers - 2000

The social contract of the welfare state can be strained by the arrival of immigrants who receive welfare payments financed by citizens' taxes. We show, however, that the presence of unemployed immigrants receiving welfare payments is consistent with social harmony. The social harmony, which is...

Persistent link: https://www.econbiz.de/10005792402

Inequality and the Political Economy of Eurosclerosis

Krugman, Paul - C.E.P.R. Discussion Papers - 1993

Before the early 1970s generous welfare states seemed to be consistent with high employment. Since then, there has been growing concern over disincentive effects of social insurance. This paper suggests that the problem may have arisen in part because European nations were in effect trying to...

Persistent link: https://www.econbiz.de/10005662317

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