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Skills, Labour Costs and Vertically Differentiated Industries: A General Equilibrium Analysis
Lutz, Stefan; Turrini, Alessandro Antonio - C.E.P.R. Discussion Papers - 2000
The effect of labour costs on industry profits, employment and labour income is at the heart of the current European debate on industry competitiveness. High wages paid in European countries such as Germany are generally considered harmful for industry profitability. Although, high wages also...
Persistent link: https://www.econbiz.de/10005124124
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Socially Responsible Trade Integration: A Political Economy Perspective
Verdier, Thierry - C.E.P.R. Discussion Papers - 2004
Economists tend to agree that international trade liberalization brings significant gains from trade to countries engaging in such a process. At the same time however, public opinion is much less optimistic and there is a widespread concern that the current sharing of the gains from trade is...
Persistent link: https://www.econbiz.de/10005662196
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Tax Rates and Tax Evasion: Evidence from 'Missing Imports' in China
Fisman, Raymond; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2001
Tax evasion, by its very nature, is difficult to observe. In this Paper, we present a case study of tax evasion in China. The novel feature of our approach is that at a very disaggregated level of individual products, we can measure evasion relatively precisely, by comparing the values that...
Persistent link: https://www.econbiz.de/10005667095
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Non-Economic Engagement and International Exchange: The Case of Environmental Treaties
Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2006
We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...
Persistent link: https://www.econbiz.de/10005666580
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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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What is the Domain of the Welfare State?
Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994
The paper examines the appropriate domain of the Welfare State by exploring the areas in which free enterprise fails to provide adequate welfare state services. The paper outlines a simple coherent strategy for formulating government welfare state policy by identifying the relevant market...
Persistent link: https://www.econbiz.de/10005788942
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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 … introducing costly acquisition of credit, or by positing government mandated unemployment compensation and layoff costs. All of … these redesigned matching models increase responses of unemployment to movements in productivity by diminishing the …
Persistent link: https://www.econbiz.de/10011201357
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Expanding the Welfare System: A Proposal for Reform
Orszag, Mike; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997
: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital … reducing unemployment, encouraging labour force participation, promoting skills, reducing governments’ budgetary pressures …
Persistent link: https://www.econbiz.de/10005661484
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Long-run patterns in market efficiency and the genesis of the market economy: Markets around the Mediterranean from Nebuchadnezzar to Napoleon (580 BC and 1800AD)
Földvári, Péter; van Leeuwen, Bas; Zanden, Jan Luiten Van - C.E.P.R. Discussion Papers - 2011
Price volatility, reflecting the ability to absorb exogenous supply- or demand shocks, is an important dimension of market performance. In this paper we present a model to study the factors determining the price volatility of markets of basic foodstuffs in pre industrial societies. This model is...
Persistent link: https://www.econbiz.de/10009246614
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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - C.E.P.R. Discussion Papers - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009367427