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analyze the effect of changes in the macro economic variables on the wage contract and the unemployment rate. We find that … private information may increase the responsiveness of the unemployment rate to changes in productivity. The incentive power … of the wage contracts is positively related to high productivity, low unemployment benefits and high search frictions. …
Persistent link: https://www.econbiz.de/10005151017
This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … reductions in labor market frictions increase a country's welfare, can raise or reduce its unemployment rate, yet always hurt the …
Persistent link: https://www.econbiz.de/10009643563
financial sector, who helped cause the Great Recession and yet were bailed out by the government. Increases in inequality might … be tolerable at a time of growing consumption for all, but they become less acceptable when the unemployment rate has hit …
Persistent link: https://www.econbiz.de/10010585812
regional policy, top tax rates, inequality, housing and planning, crime, climate change and energy. …
Persistent link: https://www.econbiz.de/10011269056
In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality … share of both the "very unhappy" and the "perfectly happy". Lower happiness inequality is found both between and within …
Persistent link: https://www.econbiz.de/10010945135
Average earnings vary widely across the regions of Britain, a fact that has prompted many decades of policies aimed at reducing regional disparities. But as Henry Overman and Steve Gibbons demonstrate, such variation reveals little, especially if we ignore regional differences in the cost of...
Persistent link: https://www.econbiz.de/10009351544
Many people remain in the same income group as their parents and this is a cause of much discussion and some concern. In this work, we examine how intergenerational mobility affects subjective wellbeing (SWB) using the British Cohort Study. Our SWB measures encapsulate life satisfaction and...
Persistent link: https://www.econbiz.de/10010610736
This paper investigates whether the arrival of managers with export experience, i.e. experience acquired through participation in the export activity of previous employers, is related to firms' international trade status and to what extent this relationship is of a causal nature. We construct a...
Persistent link: https://www.econbiz.de/10008854563
likely to be in work relative to stayers. Interestingly, whereas this translates into higher unemployment for men, it … decreases women's participation with no effect on unemployment once selection is accounted for. The informality of the labour …
Persistent link: https://www.econbiz.de/10005510446
When firms cluster in the same local labor market, they face a trade-off between the benefits of labor pooling (i.e., access to workers whose knowledge help reduce costs) and the costs of labor poaching (i.e., loss of some key workers to competition and the indirect effect of a higher wage bill...
Persistent link: https://www.econbiz.de/10005016786