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Unemployment, Growth and Fiscal Policy: New Insights on the Hysteresis Hypothesis
Raurich, Xavier; Sala, Hector; Sorolla, Valeri - Institute for the Study of Labor (IZA) - 2004
We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …
Persistent link: https://www.econbiz.de/10005822131
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Unemployment Invariance
Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …
Persistent link: https://www.econbiz.de/10005822664
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Life Satisfaction in Urban China: Components and Determinants
Song, Lina; Appleton, Simon - Institute for the Study of Labor (IZA) - 2008
other countries. These include, inter alia, unemployment, income, marriage, sex, health and age. Communist Party membership …
Persistent link: https://www.econbiz.de/10005703059
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Euroskepticism in the Crisis: More Mood than Economy
Ritzen, Jo; Zimmermann, Klaus F.; Wehner, Caroline - Institute for the Study of Labor (IZA) - 2014
Before the Great Recession, rising income inequality within the European Union member states has been considered to be one driver for an increasing Euroskepticism. Using rich data on attitudes towards European integration from the Eurobarometer (EB) surveys, we revisit the issue by analyzing the...
Persistent link: https://www.econbiz.de/10010748385
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The Role of Sectoral Growth Patterns in Labor Market Development
Arias-Vazquez, Francisco Javier; Lee, Jean Nahrae; … - Institute for the Study of Labor (IZA) - 2012
This paper investigates the relationship between sectoral growth patterns and employment outcomes. A broad cross-country analysis reveals that in middle-income countries, employment responds more to growth in less productive and more labor-intensive sectors. Employment in middle-income countries...
Persistent link: https://www.econbiz.de/10010585691
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Welfare Analysis in a Schumpeterian Growth Model with Capital
Hagedorn, Marcus; Kaul, Ashok; Reinthaler, Volker - Institute for the Study of Labor (IZA) - 2001
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
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The Effects of the Minimum Wage on Wages, Employment and Prices
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
This paper puts together evidence for the wages, employment and price effects of the minimum wage. This overall picture will help to understand the small employment effects prevalent in the literature in the light of price effects. The data used is an under-explored monthly Brazilian household...
Persistent link: https://www.econbiz.de/10005822091
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Political Variables as Instruments for the Minimum Wage
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
Following the early 1980s apparent consensus, there has been a controversial debate in the literature over the direction of the minimum wage employment effect. Explanations to nonnegative effects range from theoretical to empirical identification and data issues. An explanation, however, that...
Persistent link: https://www.econbiz.de/10005763846
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Are Wage and Employment Effects Robust to Alternative Minimum Wage Variables?
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
A national minimum wage cannot explain variation in wages or employment across regions. Identification of the effect of the minimum wage separately from the effect of other variables on wages or employment requires regional variation. Many minimum wage variables with regional variation have been...
Persistent link: https://www.econbiz.de/10005761644
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The Effect of the Minimum Wage on Prices
Lemos, Sara - Institute for the Study of Labor (IZA) - 2004
It is well established in the international literature that minimum wage increases compress the wages distribution. Firms respond to these higher labour costs by reducing employment, reducing profits, or raising prices. While there are hundreds of studies on the employment effect of the minimum...
Persistent link: https://www.econbiz.de/10005761755