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STOCK MARKET VALUATION IN THE UNITED STATES
BISCIARI, Patrick; DURRE, Alain; NYSSENS, Alain - EconWPA - 2003
This paper gives an overview of some issues related to market aluation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...
Persistent link: https://www.econbiz.de/10005125064
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Modelling Possible Impacts of GM Crops on Australian Trade
Stone, Susan; Matysek, Anna; Dolling, Andrew - EconWPA - 2003
This paper looks at the impact on Australia’s trade in crops (non-wheat grains and oilseeds) where GM technology has been introduced. The model includes assumptions about the productivity gains of GM crops, possible consumer responses and regulatory costs for Australia and its major trading...
Persistent link: https://www.econbiz.de/10005407855
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The Effects of the Minimum Wage on Prices in Brazil
Lemos, Sara - EconWPA - 2004
wage debate. Employment might not be affected if firms are able to pass through to prices the higher labour costs …
Persistent link: https://www.econbiz.de/10005076509
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A Menu Of Minimum Wage Variables For Evaluating Wages and Employment Effects: Evidence From Brazil
Lemos, Sara - EconWPA - 2004
paper estimates the effects of the minimum wage on both wages and employment using panel data techniques and monthly … summarized in a “menu” of minimum wage variables. (2) An employment decomposition that separately estimates the effect of the … wages distribution with moderately small adverse effects on employment. …
Persistent link: https://www.econbiz.de/10005076541
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Of Regulatory Law
Carloff, Andy - EconWPA - 2005
Some thoughtful questions and linear answers to the economic, social, and political consequencs that comes with restrictive regulating laws. 'Regulatory law is where Socialism meets Liberalism; or what might be called the highest form of Liberalism, the lowest form of Socialism.'
Persistent link: https://www.econbiz.de/10005076636
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Political Variables as Instruments for the Minimum Wage
Lemos, Sara - EconWPA - 2004
in addition to its social role. This paper estimates the effects of the minimum wage on employment using monthly … affected” and “Kaitz index” as a minimum wage variable; (3) The decomposition of the minimum wage employment effect into hours … moderately small adverse effects on employment. …
Persistent link: https://www.econbiz.de/10005125721
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Some Deadweight Losses from the Minimum Wage: The Cases of Full and Partial Compliance
Palda, Filip - EconWPA - 2001
This paper highlights the social costs from non-price rationing of the labour force due to the minimum wage. By short-circuiting the ability of low reservation-wage workers to underbid high-reservation wage workers, the minimum wage interferes with the market's basic function of grouping the...
Persistent link: https://www.econbiz.de/10005125784
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The Effects Of The Minimum Wage On Wages And Employment In Brazil - A Menu Of Minimum Wage Variables
Lemos, Sara - EconWPA - 2004
analyzes the effects of the minimum wage on both wages and employment using monthly household-level data (similar to the US CPS … variables. Also, an employment decomposition that separately estimates the hours worked and the number of jobs effects is used … adverse effects on employment. …
Persistent link: https://www.econbiz.de/10005408341
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MINIMUM WAGE AND INCOME DISTRIBUTION IN DEVELOPING COUNTRIES
Rapanos, Vassilis T. - EconWPA - 2004
employment in a developing economy. The basic framework of our analysis is the original Harris- Todaro model, in which the only …, sectoral employment and unemployment, both in the framework of a small open economy, and with endogenous commodity …
Persistent link: https://www.econbiz.de/10005556486
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Minimum Wages for Ronald McDonald Monopsonies: A Theory of Monopsonistic Competition
Bhaskar, V.; To, Ted - EconWPA - 1996
wages invariably reduce employment. We develop a model of \emph{monopsonistic competition} with \emph{free entry} to analyze … find that a rise in the minimum wage a) raises employment per firm, b) causes firm exit, c) may increase or reduce industry … employment. Minimum wages increase welfare if they raise industry employment, but welfare effects are ambiguous if employment …
Persistent link: https://www.econbiz.de/10005556798