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In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10005703487
The paper explores the link between different institutional features of minimum wage systems and the minimum wage bite. We notably address the striking absence of studies on sectoral-level minima and exploit unique data covering 17 European countries and information from more than 1100...
Persistent link: https://www.econbiz.de/10010990915
Youth unemployment has become a severe economic and societal problem in many European countries. This paper gives an overview of the current situation and assesses different policy options. It emphasizes the role of stronger intra-EU mobility of young workers, policies to make vocational...
Persistent link: https://www.econbiz.de/10010990944
new light on this question by comparing pre- and post-crisis migration movements at the regional level in both Europe and … in Europe. Indeed, in contrast to the pre-crisis situation and the findings of previous empirical studies, there is … tentative evidence that the migration response to the crisis has been considerable in Europe, in contrast to the United States …
Persistent link: https://www.econbiz.de/10010884205
supply elasticities for Western Europe and the US. We also investigate the relative contribution of different methodological …, both in the US and in Europe. …
Persistent link: https://www.econbiz.de/10010884275
empirical sketch on to what extent Europe has already succeeded with respect to this ambitious goal. The result is quite …
Persistent link: https://www.econbiz.de/10010884390
governments’ policies foster this contribution across Europe. The study stresses the relevance of policies which are ‘empowering …, indicating a relative cohesion in Europe. Yet, substantial variations exist in terms of higher education policy in Europe, each …
Persistent link: https://www.econbiz.de/10010884401
In this paper we use a dataset that follows a representative sample of native Europeans, resident of 11 countries, over the period 1995-2001, in order to identify the effect of inflows of immigrants on their career, employment, location and wage. We use the 1991 distribution of immigrants by...
Persistent link: https://www.econbiz.de/10010885182
2011 wave of the rich Survey of Health Aging and Retirement Europe (SHARE) is used for the exploration of the full spectrum …
Persistent link: https://www.econbiz.de/10010959568
This paper provides an overview of the employment situation of young and old workers in the EU Member States, setting out the most recent development during the crisis and dealing with policies implemented to promote the employment of both groups. The evidence collected shows that there is no...
Persistent link: https://www.econbiz.de/10010960106