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European Union. Regression results are provided for Western Germany, France, and Italy. It is shown that labour mobility is … highest in Germany, followed by France, and Italy. However, even in Germany, the accommodation of a shock to unemployment by …
Persistent link: https://www.econbiz.de/10005233745
The view is widespread that there are just two options for the future of the Eurozone – either it is complemented by a … in the centre of the current debate on fiscal union in the Eurozone. Second, we argue that the fiscal union will only …
Persistent link: https://www.econbiz.de/10010556928
This paper evaluates the possible consequences of the forthcoming European and Monetary Union on wage behavior. It will be shown that EMU does not influence wage policy directly, but rather indirectly through its implications on other areas of economic policy, predominantly on monetary policy....
Persistent link: https://www.econbiz.de/10005762303
Though in decline recently, military conscription is still a widely used mode of staffing armies. Since not many valid economic, social or military arguments in favor of the draft can be put forward, the question emerges why societies choose to rely on it. In this survey we explain the political...
Persistent link: https://www.econbiz.de/10008565206
The individual voting behavior on the abolishment of single income-tax exemptions crucially depends on how strongly agents are affected by other deduction possibilities that are not at stake in the reform plans of the government. The interactions depend (i) on the shape of the tax schedule, and...
Persistent link: https://www.econbiz.de/10005703311
Low international competitiveness of a set of euro area countries, which have become evident by large current account … analyse the role of private restructuring and public structural reforms for the urgently needed readjustment of intra-euro … intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers …
Persistent link: https://www.econbiz.de/10008632737
This paper focuses on the euro area wage structure and its potential determinants from a sectoral viewpoint. Merging …-country panel of 22 industries in 8 euro area countries for 1991-2002. Data inspection confirms the existence of a fairly stable … explaining inter-industry wage differentials in the euro area. Both workforce characteristics (e.g., human capital variables) and …
Persistent link: https://www.econbiz.de/10005703494
rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn …
Persistent link: https://www.econbiz.de/10005822909
disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … be absorbed by migration within a year. However, in the Eurozone the reaction mainly stems from migration of third …-country nationals. Even within the group of Eurozone nationals, a significant part of the free mobility stems from immigrants from third …
Persistent link: https://www.econbiz.de/10010884205
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong …
Persistent link: https://www.econbiz.de/10010884247