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Keynes' principle of effective demand constitutes a pillar for Post Keynesians theories. But Keynes' presentation remains difficult to interpret, mainly because the aggregate demand function is based on entrepreneurs' expectations. The problem is then to demonstrate how these entrepreneurs...
Persistent link: https://www.econbiz.de/10010750536
The capital market in Böhm-Bawerk's Positive Theory of Capital appears at several places. The last chapter of the book provides the complete exposition of Böhm's view of this market where present goods are exchanged for future goods. Studying this exposition leads to understand that many...
Persistent link: https://www.econbiz.de/10008793665
-being responds negatively (positively) to an increase in the GDP (unemployment rate) of their home country. That is, we originally …
Persistent link: https://www.econbiz.de/10010933917
neighborhood characteristics explain victimization better than individual characteristics. Second, I find that local unemployment … the precise localization of the data to adopt a spatial approach, comparing the effect of unemployment rate in the …
Persistent link: https://www.econbiz.de/10010933937
determine unemployment. We show that the impact of financial variables depends strongly on the labour market context. Increased … market capitalization as well as decreased banking concentration reduce unemployment if the level of labour market regulation … intermediated credit worsens unemployment when the labour market is weakly regulated and coordinated, whereas it reduces …
Persistent link: https://www.econbiz.de/10010930162
This paper presents a model allowing to analyze voting, welfare institutions and economic performance. We consider a political economy framework with three classes of agents: entrepreneurs, employed workers and unemployed workers. Agents vote on alternative institutional options: the degree of...
Persistent link: https://www.econbiz.de/10010930237
with a small one. Surprisingly, the end of transition is also characterized by lower unemployment when there are massive … layoffs - because in the short run, the high unemployment implied by the massive decrease makes job creation in the …
Persistent link: https://www.econbiz.de/10010541080
This article aims to establish a link between the unemployment duration and the inter vivos transfers received by the … on the receiver's unemployment duration. Ultimately, a recursion arises and leads to a simulteanous determination of the … transfer and the duration. The model aims to apprehend the job search behaviour in a context where the unemployment …
Persistent link: https://www.econbiz.de/10009322916
can facilitate access to the labor market for younger people and help lower global unemployment. But many questions remain … relationship between labor force participation of the old and unemployment of the young in France since the beginning of the 1970s … unemployment rate. Even controlling for the economic cycle, this positive association remains - albeit less robustly. These …
Persistent link: https://www.econbiz.de/10009643228
fall during a cycle into a Keynesian unemployment state. In that case, cycle dynamic is broken because wages are squeezed …
Persistent link: https://www.econbiz.de/10010750395