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Minimum Wages and their Alternatives: A Critical Assessment
Knabe, Andreas; Schöb, Ronnie - CESifo - 2008
in Germany, on employment, wage inequality, public expenditures, and incomes of poor households: 1) a statutory minimum … subsidies, the government can ensure more favorable employment and income effects. Combining a minimum wage with a wage subsidy …
Persistent link: https://www.econbiz.de/10005094296
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Asymmetric Information Renders Minimum Wages Less Harmful
Schöb, Ronnie; Thum, Marcel - CESifo - 2009
We show that a minimum wage introduced in the presence of asymmetric information about worker productivities will lead to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric information.
Persistent link: https://www.econbiz.de/10005000388
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Welfare Policy in the Presence of Unionised Labour and Internationally Mobile Firms
Rocha-Akis, Silvia; Schöb, Ronnie - CESifo - 2010
In oligopolistic industries, increased cost saving opportunities via offshoring have a moderating effect on trade unions. In order to discourage mobile firms from leaving the country, unions accept lower sector wages. In effect, the negotiated wage becomes independent of workers’ bargaining...
Persistent link: https://www.econbiz.de/10008534009
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Minimum Wage Incidence: The Case for Germany
Knabe, Andreas; Schöb, Ronnie - CESifo - 2008
affects employment, wage inequality, public expenditures, and aggregate income in the low-wage sector. It is shown that a … employment – depending on the subsidies’ incidence – and income effects. Wage subsidies also allow a more equal income …
Persistent link: https://www.econbiz.de/10005765743
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Liquidity, Term Spreads and Monetary Policy
Aksoy, Yunus; Basso, Henrique S. - CESifo - 2012
We propose a model that delivers endogenous variations in term spreads driven by banks’ portfolio decision while facing the risk of maturity transformation. First, we show that fluctuations of the future profitability of banks’ portfolios affect their ability to cover for any liquidity needs...
Persistent link: https://www.econbiz.de/10010690388
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Securitization and Asset Prices
Aksoy, Yunus; Basso, Henrique S. - CESifo - 2015
During the 15 years prior to the global financial crisis the volume of securitized assets transacted in the US grew substantially, reflecting a change in the nature of the financial intermediation process. Together with increased securitization of assets, financial entities, who participate more...
Persistent link: https://www.econbiz.de/10011167135
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Outsourcing of Unionized Firms and the Impacts of Labour Market Policy Reforms
Koskela, Erkki; Schöb, Ronnie - CESifo - 2008
the share of the outsourced workforce is not too large, this wage-moderation effect on domestic employment outweighs the … direct substitution effect so that domestic employment increases in unionized firms as outsourcing costs fall. This does not … for employment. However, except for low outsourcingactivities, the impact of these policy measures will become smaller as …
Persistent link: https://www.econbiz.de/10005181655