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We extend the `rational partisan model' of inflation and unemployment by introducing inflation and unemployment … dynamics. We investigate the case of Greece, which has had a polarized political system and a problem of persistently high … stability. The greater aversion of `socialists' to unemployment results in an inflation rate which is higher by five percentage …
Persistent link: https://www.econbiz.de/10005281339
natives and second generation migrants. We analyze an inflow sample into unemployment in Germany, and find differences between … employment probability about two months after unemployment entry. We observe a significantly lower employment probability for …
Persistent link: https://www.econbiz.de/10008854486
survey data of a representative inflow sample into unemployment in Germany, we empirically test the hypothesis that …
Persistent link: https://www.econbiz.de/10008854550
equilibrium, thereby generating unemployment in the ‘East’. This slows the migration of human capital towards the East, but … quickens the migration of raw labour towards the West. A greater share of economic activity is eventually located in the … western region. Unions in the West will benefit from this, provided human capital has low migration costs relative to raw …
Persistent link: https://www.econbiz.de/10005661511
on the incidence of unemployment in different sex-age groups. The German population has aged substantially in recent … be expected to lead to fluctuations in age-specific unemployment rates. In general, this intuition is confirmed by the … estimations presented here. A strong positive relationship between the size of a cohort and its relative unemployment experience …
Persistent link: https://www.econbiz.de/10005666422
workers in service occupations are identified to exhibit rising unemployment due to wage rigidities and are therefore not …
Persistent link: https://www.econbiz.de/10005666760
in Greece. Using regional public investment data for 10 political periods (1975-2009), combined with electoral data by …
Persistent link: https://www.econbiz.de/10011168906
of the restructuring left money on the table from the perspective of Greece, created a large risk for European taxpayers …
Persistent link: https://www.econbiz.de/10011084095
in Greece. Using a new database of public expenditure per region for the period 1978-2007, it proposes a model which … public investment in each region. Finally, the impact of different types of public investment in Greece is mediated by …
Persistent link: https://www.econbiz.de/10011084166
Within the next few months, the Greek government, is supposed to persuade private creditors holding about EUR 200bn in its bonds to voluntarily exchange their existing bonds for new bonds that pay roughly 50 percent less. This may work with large creditors whose failure to participate in a debt...
Persistent link: https://www.econbiz.de/10011083320