The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...

The paper presents an assessment of macroeconomic and also some selected structural consequences of the proposed fiscal consolidation necessary for Poland to fulfil the Maastricht fiscal criteria. The fiscal adjustments are assessed with a CGE model simulated over the 2006–2008 horizon. Two...

This paper explores the impact of the illegal immigration on the U.S. economy in a context where the immigration phenomenon in this country is one of scale, taking into account its effects on the labor market, on consumption, budget equilibrium and American business. Nation founded by...

The Portuguese National Action Plan for Employment (NAP) is the main instrument for the labour market policy. It was adopted in 1998. The NAP transposes to the Portuguese reality the contents of such guidelines, with the adequate adjustments required by the national specificities, establishing...

An analysis of trends over the past decade in earnings, job growth, employment security and working time experienced by UK employees.

The aim of this paper is to show how and why is possible to assess both direct and indirect effects of exogenous income injections on mean income of different household groups using a new approach based on the decomposition of SAM-based multipliers. The approach we propose in this paper allows...

The paper adduces recent existing evidence on the scope and dimensions of “brain-drain “ from Bulgaria. The analysis started with the clarification of the concepts and definitions for brain drain. The authors based the analysis on the common accepted understanding of brain drain as tertiary...

This paper studies the effects of immigration on the wages of Argentinean native workers over the period 1993-2012. I use a novel micro-dataset which combines household surveys from Argentina and six other Latin American countries. Immigration from these six countries accounts for 95% of the...