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The Optimal Distribution of the Tax Burden over the Business Cycle
Angelopoulos, Konstantinos; Asimakopoulos, Stylianos; … - CESifo - 2013
This paper analyses optimal income taxes over the business cycle under a balanced-budget restriction, for low, middle and high income households. A model incorporating capital-skill complementarity in production and differential access to capital and labour markets is de-veloped to capture the...
Persistent link: https://www.econbiz.de/10010711142
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Trends of Children’s Height and Parental Unemployment: A Large-Scale Anthropometric Study on Eastern Germany, 1994 – 2006
Baten, Jörg; Böhm, Andreas - CESifo - 2008
The average height of children is an indicator for the quality of nutrition and health care. Heights have never … health care. Both a panel analysis of districts and an assessment at the individual level yield the result that increasing …
Persistent link: https://www.econbiz.de/10005406183
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Endogenous Wage Indexation and Aggregate Shocks
Carrillo, Julio A.; Peersman, Gert; Wauters, Joris - CESifo - 2014
Empirical and institutional evidence finds considerable time variation in the degree of wage indexation to past inflation, a finding that is at odds with the assumption of constant indexation parameters in most New-Keynesian DSGE models. We build a DSGE model with endogenous wage indexation in...
Persistent link: https://www.econbiz.de/10010877850
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Land Collateral and Labor Market Dynamics in France
Kaas, Leo; Pintus, Patrick A.; Ray, Simon - CESifo - 2014
The value of land in the balance sheet of French firms correlates positively with their hiring and investment flows. To explore the relationship between these variables, we develop a macroeconomic model with firms that are subject to both credit and labor market frictions. The value of...
Persistent link: https://www.econbiz.de/10010948812
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Business Cycles, Unemployment Insurance, and the Calibration of Matching Models
Costain, James S.; Reiter, Michael - CESifo - 2003
This paper points out an empirical failing of real business cycle models in which unemployment is endogenized through a matching function. One can easily choose a calibration to make the cyclical fluctuation in unemployment as large in the model as it is in the data, or to make the response of...
Persistent link: https://www.econbiz.de/10005196193
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Does Short-Time Work Save Jobs? A Business Cycle Analysis
Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - CESifo - 2014
In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...
Persistent link: https://www.econbiz.de/10010743447
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Cyclical Unemployment, Structural Unemployment
Diamond, Peter A. - CESifo - 2013
Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of unemployment and vacancy rates and the related matching...
Persistent link: https://www.econbiz.de/10010627571
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Monetary Persistence and the Labor Market: A New Perspective
Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis - CESifo - 2010
In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...
Persistent link: https://www.econbiz.de/10008572528
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Fiscal Multipliers in a Two-Sector Search and Matching Model
Konstantinos, Jiang, Wei Angelopoulos; Malley, Jim - CESifo - 2015
This paper evaluates the effects of policy interventions on sectoral labour markets and the aggregate economy in a business cycle model with search and matching frictions. We extend the canonical model by including capital-skill complementarity in production, labour markets with skilled and...
Persistent link: https://www.econbiz.de/10011163069
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Compulsory Schooling Reforms, Education and Mortality in Twentieth Century Europe
Gathmann, Christina; Jürges, Hendrik; Reinhold, Steffen - CESifo - 2012
example, report contradictory effects of education and compulsory schooling on mortality - ranging from zero to large … mortality reductions. Using data from 19 compulsory schooling reforms implemented in Europe during the twentieth century, we … quantify the mean mortality effect and explore its dispersion across gender, time and countries. We find that men benefit from …
Persistent link: https://www.econbiz.de/10009653371