Showing 1 - 10 of 328
This Paper analyses the evolution of quantitative measures of employee rents in Europe during the nineties, using the …
Persistent link: https://www.econbiz.de/10005788867
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
This paper starts from the observation that despite their very high levels of unemployment, major European countries … have devoted few resources to reducing it. This suggests that there is little political concern about high unemployment. I …
Persistent link: https://www.econbiz.de/10005498035
In this paper we present an investigation of unemployment persistence in Japan, the United States and fourteen European … recent differential unemployment persistence in our sample of countries: first, sluggishness in labour demand, and second … deviations from target. We also examine the short-run and medium-run effects on unemployment of shocks and policies that shift …
Persistent link: https://www.econbiz.de/10005281275
We study a number of mechanisms through which an economy can be stuck at a high unemployment equilibrium because a poor … measures that have been undertaken to cure unemployment. The message of the paper is that curing the European unemployment …
Persistent link: https://www.econbiz.de/10005661453
We develop a general equilibrium analysis of the impact of active labour market policy on unemployment, wages and the … employed have little exposure to unemployment and if the demand for unskilled labour is inelastic, there may be political … support for policies which actually raise the equilibrium level of total unemployment. …
Persistent link: https://www.econbiz.de/10005662144
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005666625
carries out a comparative analysis of unemployment rates of the different ‘Mezzogiornos of Europe’. Finally, some policy …The unemployment dynamics in the Mezzogiorno of Italy seem to corroborate the New Economic Geography predictions …, whereby, under some specific hypotheses, a stronger economic integration can amplify the regional polarisation of unemployment …
Persistent link: https://www.econbiz.de/10005792261
The paper surveys recent analyses of rising unemployment in Europe based on the concept of the natural rate. It argues … efficiency wages, hysteresis, and insiders/outsiders are related to a core theory in which the unemployment benefit is the basic …, and that in its absence they would fail to explain unemployment. …
Persistent link: https://www.econbiz.de/10005792267
Similar durations but lower flows into unemployment gave Europe lower unemployment rates than the United States until … the 1970's. But since 1980, higher durations have kept unemployment rates in Europe persistently higher than in the U.S. A … workers, hazard rates of gaining employment in Europe fall off sharply with the duration of unemployment, and why displaced …
Persistent link: https://www.econbiz.de/10005123735