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Dismissals for Cause:The Difference That Just Eight Paragraphs Can Make

Martins, Pedro S. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper provides evidence about the effects of dismissals-for-cause requirements, aspecific component of employment protection legislation that has received little attentiondespite its potential relevance. We study a quasi-natural experiment generated by a lawintroduced in Portugal in 1989:...

Persistent link: https://www.econbiz.de/10005861536

Why Ex(Im)porters Pay More:Evidence from Matched Firm-Worker Panels

Martins, Pedro S.; Opromolla, Luca David - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

We investigate the relationship between exporting, importing, and wage premia using a richmatched employer … set of worker- and firm-levelobservable and unobservable characteristics to the wage gap, and (ii) by controlling for … firm size and sales are, todifferent extents, important components of the wage gap both for exporters and importers …

Persistent link: https://www.econbiz.de/10009522216

Foreign Ownership, Employment and Wages in Brazi l: Evidence from Acquisitions, Divestments and Job Movers

Martins, Pedro S.; Esteves, Luiz A. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

employment and wage practices of foreign and domestic firms in Brazil, using detailed matched firm-worker panel data... …

Persistent link: https://www.econbiz.de/10005859603

Productive Government Expenditure in Monetary Business Cycle Models

Linnemann, Ludger; Schabert, Andreas - Tinbergen Instituut - 2005

This paper assesses the transmission of fiscal policy shocks in a New Keynesian framework where government expenditures contribute to aggregate production. It is shown that even if the impact of government expenditures on production is small, this assumption helps to reconcile the models'...

Persistent link: https://www.econbiz.de/10011255722

Debt Non-Neutrality, Policy Interactions, and Macroeconomic Stability

Linnemann, Ludger; Schabert, Andreas - Tinbergen Instituut - 2005

We study the consequences of non-neutrality of government debt for macroeconomic stabilization policy in an environment where prices are sticky. Assuming transaction services of government bonds, Ricardian equivalence fails because public debt has a negative impact on its marginal rate of return...

Persistent link: https://www.econbiz.de/10011255848

Default Risk Premia on Government Bonds in a Quantitative Macroeconomic Model

Juessen, Falko; Linnemann, Ludger; Schabert, Andreas - Tinbergen Instituut - 2009

This paper examines the pricing of public debt in a quantitative macroeconomic model with government default risk. Default may occur due to a fiscal policy that does not preclude a Ponzi game. When a build-up of public debt makes this outcome inevitable, households stop lending such that the...

Persistent link: https://www.econbiz.de/10011256090

Optimal Government Spending and Unemployment

Linnemann, Ludger; Schabert, Andreas - Tinbergen Instituut - 2008

We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy is contrasted with a reference policy which would be first best in a frictionless economy. Results are: the Ramsey policy i) implies a higher steady state ratio of government...

Persistent link: https://www.econbiz.de/10011256990