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Exchange Rate Uncertainty and Labour Market Adjustment under Fixed and Flexible Exchange Rates

Chen, Yu-Fu; Funke, Michael - CESifo - 2002

The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real options approach, which allows us to investigate the...

Persistent link: https://www.econbiz.de/10005766184

Working Time and Employment under Uncertainty

Chen, Yu-Fu; Funke, Michael - CESifo - 2002

The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we consider the impact of uncertainty and real options on the decision of...

Persistent link: https://www.econbiz.de/10005051593

Profit Sharing and Relative Consumption

Goerke, Laszlo - CESifo - 2012

Traditionally, it has been argued that profit sharing can increase employment and welfare because it lowers marginal labour costs without reducing total cost or labour income. In this paper, we show that profit sharing can also represent a Pareto-improvement if labour supply is excessive due to...

Persistent link: https://www.econbiz.de/10010877685

Optimal Taxation, Child Care and Models of the Household

Apps, Patricia; Rees, Ray - CESifo - 2014

This paper presents the properties of optimal piecewise linear tax systems for two-earner households, based on joint and individual incomes respectively. A key contribution is the analysis of the interaction between second earner wage differences, variation in the price of child care and...

Persistent link: https://www.econbiz.de/10010877775

Estimating Labour Supply Elasticities Based on Cross-Country Micro Data: A Bridge Between Micro and Macro Estimates?

Jäntti, Markus; Pirttilä, Jukka; Selin, Håkan - CESifo - 2014

We utilise repeated cross sections of micro data from several countries, available from the Luxembourg Income Study, LIS, to estimate labour supply elasticities, both at the intensive and extensive margin. The benefit of the data is that it spans over four decades and includes a large number of...

Persistent link: https://www.econbiz.de/10010948808

Will Increased Wages Reduce Shortage of Nurses? A Panel Data Analysis of Nurses’ Labour Supply

Askildsen, Jan Erik; Baltagi, Badi H.; Holmås, Tor Helge - CESifo - 2002

Shortage of nurses is a problem in several countries. It is an unsettled question whether increasing wages constitute a viable policy for extracting more labour supply from nurses. In this paper we use a unique matched panel data set of Norwegian nurses covering the period 1993-1998 to estimate...

Persistent link: https://www.econbiz.de/10005765723

Second-best Properties of Implicit Social Security Taxes: Theory and Empirical Evidence

Fenge, Robert; Uebelmesser, Silke; Werding, Martin - CESifo - 2002

This paper investigates the inter-temporal structure of implicit taxes that arise in unfunded pension schemes. We demonstrate that these tax rates are declining over the life cycle. Using German micro-data for men and married women we estimate periodic wage elasticities of labour supply in order...

Persistent link: https://www.econbiz.de/10005181481

Employment and Taxes

Nickell, Stephen - CESifo - 2003

This paper considers the impact of taxation policy on market work. On the basis of the evidence, we find that a 10 … percentage point rise in the tax wedge will reduce overall labour input provided via the market by around 2 per cent of the … minority of the market work differentials across countries. Much of the remainder is probably down to the differences in the …

Persistent link: https://www.econbiz.de/10005196222

How Sustainable Are Old-age Pensions in a Shrinking Population with Endogenous Labour Supply?

Cardoso, Pedro; Praag, Bernard M.S. van - CESifo - 2003

In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...

Persistent link: https://www.econbiz.de/10005405810

What Explains the Variation in Estimates of Labour Supply Elasticities?

Evers, Michiel; Mooij, Ruud A. De; Vuuren, Daniel J. Van - CESifo - 2005

This paper performs a meta-analysis of empirical estimates of uncompensated labour supply elasticities. We find that much of the variation in elasticities can be explained by the variation in gender, participation rates, and country fixed effects. Country differences appear to be small though....

Persistent link: https://www.econbiz.de/10005405958