Showing 1 - 10 of 397
unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetries may have contributed to unemployment and welfare changes in the recent past … (1950-2010). We show that a policy reform in one country also has an impact on labor markets in other countries when capital …
Persistent link: https://www.econbiz.de/10009371176
Job security provisions are commonly invoked to explain the high and persistent European unemployment rates. This … both its unemployment and its share of fixed-term employment are the highest. We find that fixedterm contracts increase … unemployment, reduce output, and raise productivity. The welfare effects are ambiguous. …
Persistent link: https://www.econbiz.de/10005762388
of feed-in-tariffs and renewable portfolio standard policies showed that the former is good when a policy to develop … renewable energy sources with a low level of risk for investors is considered. However, the latter is an appropriate policy when … a market view policy is applied by the government. …
Persistent link: https://www.econbiz.de/10010884228
Information and communication technology plays an important role in achieving a higher level of energy efficiency. In particular, energy efficiency can be achieved by integrating information technology into electricity networks to enable the interaction between suppliers and customers (smart...
Persistent link: https://www.econbiz.de/10010886132
activities, rendering conclusions regarding well-being policy less straightforward. …
Persistent link: https://www.econbiz.de/10009294836
In this paper, in order to study the impact of offshoring on sectoral and economywide rates of unemployment, we … construct a two sector general equilibrium model in which labor is mobile across the two sectors, and unemployment is caused by … search frictions. We find that, contrary to general perception, wage increases and sectoral unemployment decreases due to …
Persistent link: https://www.econbiz.de/10005761824
Economic theory predicts that military conscription is associated with static inefficiencies as well as with dynamic distortions of the accumulation of human and physical capital. Relative to an economy with an all-volunteer force, output levels and growth rates should be lower in countries that...
Persistent link: https://www.econbiz.de/10005822977
We study the welfare effects of earnings testing flat-rate old-age benefits in a quantitative overlapping generations model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals’ expected lifetime utility, whenever other taxes are...
Persistent link: https://www.econbiz.de/10005763479
We use a calibrated general equilibrium model with heterogeneous labor and search to evaluate the quantitative effects of various labor tax cut scenarios. The focus is on skill heterogeneity combined with downward wage rigidities at the low end of the skill ladder. Workers can take jobs for...
Persistent link: https://www.econbiz.de/10008550510
directions, policy, organizations, capacity, areas and interventions are provided and extensions that can serve as optimal … directions for future research and policy are suggested. …
Persistent link: https://www.econbiz.de/10010884114