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What does European institutional integration tell us about trade integration?

Leiner-Killinger, Melanie; Madaschi, Christophe; … - European Central Bank - 2005

create disincentives to work, such as high tax wedges and high unemployment benefits, or enforced reductions in working hours …

Persistent link: https://www.econbiz.de/10005222260

An analysis of youth unemployment in the euro area

Gomez-Salvador, Ramon; Leiner-Killinger, Nadine - European Central Bank - 2008

The paper starts by presenting some stylised facts on youth unemployment over the last two decades, both at the euro … area and the country level. It shows that despite declining considerably over the last few years, youth unemployment has … relationship between the share of young people in the total population and the youth unemployment rate, i.e. the smaller the share …

Persistent link: https://www.econbiz.de/10005222255

Labour force participation in the euro area: a cohort based analysis

Balleer, Almut; Gómez Salvador, Ramón; Turunen, Jarkko - European Central Bank - 2009

We use a cohort based model to analyse determinants of labour force participation fordisaggregated groups of workers in the euro area and the five largest euro areacountries. The model captures age and cohort effects as indicators of (unobserved)determinants of participation behaviour. We use...

Persistent link: https://www.econbiz.de/10005866625

Wage diversity in the euro area - an overview of labour cost differentials across industries

Genre, Véronique; Momferatou, Daphne; Mourre, Gilles - European Central Bank - 2005

This Paper provides an overview of the magnitude of sectoral wage differentials in the euro area as a whole. Even when adjusting for structural sectoral features such as the skill structure or the proportion of part-timers, average wage levels in services are substantially lower than in...

Persistent link: https://www.econbiz.de/10005162868

PRODUCTIVITY AND JOB FLOWS HETEROGENEITY OF NEW HIRES AND CONTINUING JOBSIN THE BUSINESS CYCLE

Kilponen, Juha; Vanhala, Juuso - European Central Bank - 2009

"unemployment volatility puzzle". We let new matches andcontinuing jobs differ by their productivity levels and by their sensitivity …

Persistent link: https://www.econbiz.de/10005866471

Inflation dynamics with labour market matching: assessing alternative specifications

Christoffel, Kai; Costain, James S.; De Walque, Gregory; … - European Central Bank - 2009

This paper reviews recent approaches to modeling the labour market and assessestheir implications for ination dynamics through both their e¤ect on marginalcost and on price-setting behaviour. In a search and matching environment, weconsider the following modeling setups: right-to-manage...

Persistent link: https://www.econbiz.de/10005866597

The impact of reference norms on inflation persistence when wages are staggered

Knell, Mark; Stiglbauer, Alfred - European Central Bank - 2009

In this paper we present an extension of the Taylor model with staggered wages inwhich wage-setting is also influenced by reference norms (i.e. by benchmark wages).We show that reference norms can considerably increase the persistence of inflationand the extent of real wage rigidity but that...

Persistent link: https://www.econbiz.de/10005866627

Why are the wages of job stayers procyclical?

Shin, Donggyun (contributor); Shin, Kwanho (contributor) - 2003 - [Elektronische Ressource]

job stayers is mostly accounted for by great wage adjustments during the period when the unemployment rate reaches a …

Persistent link: https://www.econbiz.de/10001745260

Price and wage setting in Portugal: learning by asking

Martins, Fernando - European Central Bank - 2011

This paper presents the main findings of a survey conducted on a sample of Portuguese firms. The main aim was to identify some relevant characteristics about the dynamics of prices and wages in Portugal. The most important conclusions are: i) changes to wages are more synchronized than changes...

Persistent link: https://www.econbiz.de/10008922895

Have euro area and EU economic governance worked? Just the facts

Ioannou, Demosthenes; Stracca, Livio - European Central Bank - 2011

We test whether two key elements of the EU and euro area economic governance framework, the Stability and Growth Pact and the Lisbon Strategy, have had any impact on macroeconomic outcomes. We test this proposition using a difference-in-difference approach on a panel of over 30 countries, some...

Persistent link: https://www.econbiz.de/10009024967