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DO SOCIAL POLICIES HARM EMPLOYMENT? Second-best effects of taxes and benefits on labor markets

PLOEG, Frederick VAN DER - Department of Economics, European University Institute - 2004

In the presence of Walrasian labor markets social policies harm hours worked, employment and output. In non-Walrasian labor markets with trade unions, efficiency wages and/or costly search and mismatch progressive taxation and corporatism induce wage moderation and boost employment and output....

Persistent link: https://www.econbiz.de/10005557711

Education, Economic Growth and Personal Income Inequality across Countries.

Rehme, G. - Department of Economics, European University Institute - 1999

This paper offers a supply-side explanationof the cross-country variation in long-run growth and inequality. In the model human capital is "lumpy" and public education directly affects growth, the number of high-skilled people and wages.

Persistent link: https://www.econbiz.de/10005697672

Can stabilization policies be efficient?

Saidi, Aurelien - Department of Economics, European University Institute - 2009

This paper makes use of optimal control relaxed problems to prove the absence of optimal trajectory in continuous time models with social increasing returns to scale where indeterminacy occurs. Although an efficient optimal policy does not exist, some chattering stabilization policies can mimic...

Persistent link: https://www.econbiz.de/10005697695

Why are the Data at Odds with Theory? Growth and (Re-)Distributive Policies in Integrated Economies.

Rehme, G. - Department of Economics, European University Institute - 1999

Many theoretical model show that redistribution causes low growth. However, cross-country regressions often suggest that growth is positively related to redistribution. This paper analyzes that puzzle in an open economy framework.

Persistent link: https://www.econbiz.de/10005697733

Economic Growth and (Re-)Distributive Policies: A Comparative Dynamic Analysis.

Rehme, G. - Department of Economics, European University Institute - 2000

This paper analyzes the interplay of growth, distribution and public policy when the latter depend on economically important fundamentals. It is shown that not only pro-capital, but also pro-labour or income egalitarian policies lead to high growth. The paper argues that the long-run...

Persistent link: https://www.econbiz.de/10005816409

Imitation and Selective Matching in Reputational Games

Vignolo, Thierry - Department of Economics, European University Institute - 2007

This paper investigates imitation and selective matching in reputational games with an outside option. We identify two classes of such games, which are ultimatum and trust games. By selective matching we mean that short-runplayers have the possibility of selecting the long-run player they play...

Persistent link: https://www.econbiz.de/10005557710

Does the Market Value R&D Investment by European Firms? Evidence from a Panel of Manufacturing Firms in France

HALL, Bronwyn H.; ORIANI, Raffaele - Department of Economics, European University Institute - 2004

firm effects or sample selection due to the voluntary nature of R&D disclosure, we find that the relative shadow value of R …

Persistent link: https://www.econbiz.de/10005557715

Incomplete Cost Pass-Through Under Deep Habits

Ravn, Morten; Schmitt-Grohe, Stephanie; Uribe, Martin - Department of Economics, European University Institute - 2008

A number of empirical studies document that marginal cost shocks are not fully passed through to prices at the firm level and that prices are substantially less volatile than costs. We show that in the relative-deep-habits model of Ravn, Schmitt-Grohe, and Uribe (2006), firm-specific marginal...

Persistent link: https://www.econbiz.de/10005697753

Understanding the Size and Profitability of Firms: The Role of a Biological Factor

Guiso, Luigi; Rustichini, Aldo - Department of Economics, European University Institute - 2011

We collect information on prenatal testosterone in a large sample of entrepreneurs by measuring the length of their 2th to 4th fingers in face to face interviews. Entrepreneurs with higher exposure to prenatal testosterone (lower second to fourth digit ratio) manage larger firms, are matched...

Persistent link: https://www.econbiz.de/10008868081

International Trade and Growth: The Impact of Seletion and Imitation

Stolting, Sarah - Department of Economics, European University Institute - 2009

on productivity growth. Growth is generated by selection, and sustained by entrants imitating successful incumbents … works through self-selection of the most productive firms into the export market. It leads to a reallocation of resources … towards more efficient firms. Since the effect of selection and imitation on growth is amplified by the trade …

Persistent link: https://www.econbiz.de/10004980232