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The dynamic marginal tax rate
Cool, Thomas - EconWPA - 1997
There is a general misconception on the impact of marginal tax rates. Following the hypothesis of optimising economic agents, it is proper that marginal rates enter the discussion. The only issue is that the margin mu= st be computed correctly. In dynamics, one must take account of the fact tha=...
Persistent link: https://www.econbiz.de/10005408095
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The Misallocation of Resources of Anticipated Inflation
Frenkel, Michael; Mehrez, Gil - EconWPA - 1997
This paper analyzes the effects of anticipated inflation on the resource allocations between production and financial services. We develop a model with heterogeneous workers and two sectors economy. A manufacturing sector producing a final composite good and a financial sector providing monetary...
Persistent link: https://www.econbiz.de/10005126418
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A closer look at the gap. A comment on Cooper and Willis' 'mind the gap' paper
Bayer, Christian - EconWPA - 2004
Recently, there has been a lively debate between Cooper and Willis (2001,2002,2003a, 2003b) and Caballero and Engel (2004) about the apropriateness of the so-called 'gap approach' to labor adjustment. Cooper and Willis claim that the gap approach is unable to identify non- convex adjustment...
Persistent link: https://www.econbiz.de/10005126476
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The Impact of a Unionised Labour Market in a Schumpeterian Growth Model
Lingens, Jörg - EconWPA - 2002
relationship between unemployment and growth. We distinguish low-skilled and high-skilled labour and assume that a union bargains … over the low-skilled labour wage. This causes unemployment, but the growth e ect is ambiguous. On the one hand the higher …
Persistent link: https://www.econbiz.de/10005408356
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Growth and Employment Effects of Unions in a Simple Endogenous Growth Model
Lingens, Jörg - EconWPA - 2002
In this paper we analyse the effects of simultaneous union wage bargaining in a simple two sector growth model. We show that the overall employment effect of unionisation is ambiguous and depends on the relative sectoral wage. Besides the employment effects we analyse how unionisation changes...
Persistent link: https://www.econbiz.de/10005556806
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The Role of Institutions and Policies in Creating High European
Palley, Thomas I. - EconWPA - 2001
The conventional wisdom is that high European unemployment is the result of job markets that are rigid and inflexible … spillovers. The evidence shows that macroeconomic factors dominate in explaining unemployment. These factors are robust to … changes in empirical specification. Labor market institutions do matter for unemployment, but not in the way conventionally …
Persistent link: https://www.econbiz.de/10005412644
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Latvia: Working Too Hard?
Hazans, Mihails - EconWPA - 2005
This paper provides an assessment of employment and working conditions in Latvia before and immediately after the EU accession. The issues addressed include self-employment, multiple jobs, fixed-term contracts, unreported wages, overtime, unsocial working hours, health and safety at work, social...
Persistent link: https://www.econbiz.de/10005076524
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Paying paper by paper
Matthiasson, Thorolfur - EconWPA - 2003
Icelandic university teachers, the Ministry of Finance and the University of Iceland have been conducting an interesting experiment by changing the form of remuneration of university teachers in a fundamental way. This paper accounts for the development of university teachers salaries the last...
Persistent link: https://www.econbiz.de/10005125717
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Wealth Inequality, Wealth Constraints and Economic Performance
Bardhan, Pranab; Bowles, Samuel; Gintis, Herbert - EconWPA - 1998
When asymmetry or non-verifiability of information, or non- excludability of users, makes contracts incomplete or unenforceable, and where for these and other reasons there are impediments to efficient bargaining, we show that private contracting will not generally assign the control of assets...
Persistent link: https://www.econbiz.de/10005134997
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Union Retreat and Regional Economic Performance: the UK in the 1990s
Monastiriotis, Vassilis - EconWPA - 2003
theory that predicts unions to increase wages and reduce labour demand, leading to higher unemployment, but they also …
Persistent link: https://www.econbiz.de/10005062497