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The Absorption of Highly-Skilled Immigrants: Israel, 1990-1995

Eckstein, Zvi; Weiss, Yoram - C.E.P.R. Discussion Papers - 1998

This paper develops a descriptive methodology for the analysis of wage growth of immigrants, based on human capital theory. The sources of the wage growth are: (i) the rise of the return to imported human capital; (ii) the impact of accumulated experience in the host country; and (iii) the...

Persistent link: https://www.econbiz.de/10005124392

Foreign Aid and Domestic Absorption

Temple, Jonathan; van de Sijpe, Nicolas - C.E.P.R. Discussion Papers - 2014

We introduce a new `supply-push' instrument for foreign aid, to be used together with an instrumental variable estimator that filters out unobserved common factors. We use this instrument to study the effects of aid on macroeconomic ratios, and especially the ratios of consumption, investment,...

Persistent link: https://www.econbiz.de/10011084205

On the Wage Growth of Immigrants: Israel, 1990-2000

Eckstein, Zvi; Weiss, Yoram - C.E.P.R. Discussion Papers - 2003

This Paper develops a descriptive methodology for the analysis of wage growth of immigrants, based on human capital theory. The sources of the wage growth are: (i) the rise of the return to imported human capital; (ii) the impact of accumulated experience in the host country; and, (iii) the...

Persistent link: https://www.econbiz.de/10005661791

Why are European Countries Diverging in their Unemployment Experience?

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2004

During the nineties, unemployment fell in a number of European countries while it remained high in others. This Paper discusses potential causes for that evolution in light of recent economic research, emphasizing obstacles to reform due to political constraints, the prevalence of ideology, and...

Persistent link: https://www.econbiz.de/10005666504

Flexibility, Investment and Growth

Bertola, Giuseppe - C.E.P.R. Discussion Papers - 1990

This paper proposes a model of endogenous growth with diversifiable uncertainty, irreversible investment decisions and imperfect labour mobility. Obstacles to labour reallocation lower the operating profits earned by existing firms and increase the cost of creating new ones, thus reducing...

Persistent link: https://www.econbiz.de/10005667014

Why is a Flexible World More Insecure? The Way Outsourcing Amplifies Uncertainty

Thesmar, David; Thoenig, Mathias - C.E.P.R. Discussion Papers - 2002

. Outsourcing decisions then balance flexibility gains against hold-up costs of opportunistic behaviour by outside contractors. In …

Persistent link: https://www.econbiz.de/10005789121

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

Statute Law or Case Law?

Anderlini, Luca; Felli, Leonardo; Riboni, Alessandro - C.E.P.R. Discussion Papers - 2008

In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably … most economic decisions are already taken. Therefore, the advantage of flexibility for Case Law is unavoidably paired with … pairs the lack of flexibility with the ability to commit in advance to a given (forward looking) rule. This solves the time …

Persistent link: https://www.econbiz.de/10005792039

On the Evolution of Credibility and Flexible Exchange Rate Target Zones

Avesani, Renzo; Gallo, Giampiero M; Salmon, Mark - C.E.P.R. Discussion Papers - 1995

simulation to provide substantial stabilization for the exchange rate while retaining considerable flexibility and robustness in …

Persistent link: https://www.econbiz.de/10005123996

The Macroeconomic Impact of Flexible Labour Contracts: An Application to Spain

Bentolila, Samuel; Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1991

This paper constructs a theoretical model to study the effects on employment of the introduction of flexible labour contracts (i.e. with low firing costs), which occurred in many European countries in the 1980s, which it then tests on Spanish data. The model predicts that such contracts increase...

Persistent link: https://www.econbiz.de/10005504305