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A Quarterly Model of the Labour Market in Interwar Britain
Hatton, Timothy J. - C.E.P.R. Discussion Papers - 1987
The paper analyses the determinants of interwar unemployment using a previously unexploited quarterly data set for 1924-39. Individual equations for insured employment, insured unemployment and the nominal wage rate are estimated and tested. The results indicate that the real wage was an...
Persistent link: https://www.econbiz.de/10005656339
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Credit within the Firm
Guiso, Luigi; Pistaferri, Luigi; Schivardi, Fabiano - C.E.P.R. Discussion Papers - 2010
profile to implicitly borrow from their workers. We find that firms located in less financially developed markets offer wages …
Persistent link: https://www.econbiz.de/10008468516
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How Labour Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory
Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1998
This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the outcome of the interplay between labour market shocks...
Persistent link: https://www.econbiz.de/10005504680
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Revisiting the Case for a Populist Central Banker
Lippi, Francesco - C.E.P.R. Discussion Papers - 1999
central bank may turn out to be bad for welfare. The paper also shows that whether unions bargain their wages in nominal or in …
Persistent link: https://www.econbiz.de/10005662413
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A Contribution to Unemployment Dynamics
Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1995
This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are examined: (i) `unemployment persistence', arising when...
Persistent link: https://www.econbiz.de/10005791454
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Rhineland Exit?
Bovenberg, A Lans; Teulings, Coen N - C.E.P.R. Discussion Papers - 2008
We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle about the ultimate goal of the company....
Persistent link: https://www.econbiz.de/10005791558
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Factors and Effects of Trade Reorientation in Hungary
Halpern, László - C.E.P.R. Discussion Papers - 1993
The collapse of the CMEA completed the Hungarian trade reorientation during the second half of the 1980s. Panel model estimations of trade reorientation reveal that cost efficiency, export subsidy and foreign demand played important and varying roles between 1981 and 1990. During the last two...
Persistent link: https://www.econbiz.de/10005666895
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Does Extending Unemployment Benefits Improve Job Quality?
Nekoei, Arash; Weber, Andrea - C.E.P.R. Discussion Papers - 2015
insurance (UI) on reemployment wages. This paper estimates a positive UI wage effect exploiting an age-based regression … balance between two offsetting forces: UI causes agents to seek higher-wage jobs, but also reduces wages by lengthening … both in our sample and across studies, reconciling disparate wage-effect estimates. Empirically, UI raises wages by …
Persistent link: https://www.econbiz.de/10011272710
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Services offshoring and wages: Evidence from micro data
Geishecker, Ingo; Görg, Holger - C.E.P.R. Discussion Papers - 2011
This paper investigates the effects of services offshoring on wages using individual-level data combined with industry … real wages. Hence, offshoring has contributed to a widening of the wage gap between skilled and less skilled workers. This …
Persistent link: https://www.econbiz.de/10009359484
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Self-employment of rural-to-urban migrants in China
Giulietti, Corrado; Ning, Guangjie; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2011
This paper focuses on the determinants of self-employment among rural to urban migrants in China. Two self-selection mechanisms are analysed: the first relates to the manner in which migrants choose self-employment or paid work based on the potential gains from either type of employment; the...
Persistent link: https://www.econbiz.de/10009205061