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What are the impacts of labor tax reform on wage setting and employment to keep therelative tax burden per low-skilled and high-skilled workers constant in the case ofheterogenous domestic labor markets, i.e. imperfect competition in low-skilled labor andperfect competition in high-skilled labor...
Persistent link: https://www.econbiz.de/10009360617
in-work benefits on search intensity, participation, employment, and unemployment,compared to a framework in which wages …
Persistent link: https://www.econbiz.de/10009360547
We explore whether finance influences the impact of labour market institutions onunemployment. Using a data set of 18 …
Persistent link: https://www.econbiz.de/10009360534
regulations leadto a simultaneous reduction in informality and unemployment. The difference between thesetwo policy options lies …
Persistent link: https://www.econbiz.de/10009360540
unemployment insurance, when thelatter is only imperfectly related to search effort. A balanced social insurance budget …
Persistent link: https://www.econbiz.de/10009360583
use a New Keynesian model with unemployment to predict the effects ofdifferent labor market institutions on macroeconomic …This paper analyzes the effects of different labor market institutions on inflation and outputvolatility. The eurozone … labor market institutions have a large effect on output volatility, they donot seem to have much of an effect on inflation …
Persistent link: https://www.econbiz.de/10009360591
lower structural rate of unemployment. We establish this fact using:(i) panel data from 20 OECD countries, (ii) cross … within-country trade. Our main findingis robust to various definitions of unemployment rates and openness measures … institutions do notappear to condition the effect of openness.... …
Persistent link: https://www.econbiz.de/10009360638
Post World War II European welfare states experienced several decades of relatively low unemployment, followed by a … plague of persistently high unemployment since the 1980s. We impute the higher unemployment to welfare states' diminished … search model where workers accumulate skills on the job and lose skills during unemployment. …
Persistent link: https://www.econbiz.de/10005207056
This paper explores the impact of policies and institutions on unemployment in OECD countries over the past decades … institutions are found to be particularly robust, notably between unemployment benefits and public spending on active labour market …. Reduced-form unemployment equations, consistent with standard wage setting/price-setting models, are estimated using cross …
Persistent link: https://www.econbiz.de/10008791706
This paper proposes a new pre-test estimator of panel data models including time invariant variables based upon the Mundlak-Krishnakumar estimator and an "unrestricted” Hausman-Taylor estimator. The paper evaluates the biases of currently used restricted estimators, omitting the...
Persistent link: https://www.econbiz.de/10008795296