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Fiscal Union in Europe? Redistributive and Stabilising Effects of an EU Tax-Benefit System

Bargain, Olivier; Dolls, Mathias; Fuest, Clemens; … - Institute for the Study of Labor (IZA) - 2012

representative household microdata from 11 Eurozone countries to simulate these policy reforms and to study their effects on the … that not all forms of fiscal integration will improve macroeconomic stability in the Eurozone. …

Persistent link: https://www.econbiz.de/10011279239

European Fiscal Union: What Is It? Does It Work? And Are There Really 'No Alternatives'?

Fuest, Clemens; Peichl, Andreas - Institute for the Study of Labor (IZA) - 2012

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

A Feasible Unemployment-Based Shock Absorber for the Euro Area

Brandolini, Andrea; Carta, Francesca; D'Amuri, Francesco - Institute for the Study of Labor (IZA) - 2015

This paper contributes to the debate on the design of a centralised fiscal tool absorbing country-specific negative shocks in the euro area. Based on theoretical insights, it identifies the broad characteristics that a shock absorber based on unemployment should have in order to be...

Persistent link: https://www.econbiz.de/10011183126

How Large Is the Private Sector in Africa? Evidence from National Accounts and Labor Markets

Stampini, Marco; Leung, Ron; Diarra, Setou M.; Pla, … - Institute for the Study of Labor (IZA) - 2011

In recent years, the private sector has been recognized as a key engine of Africa's economic development. Yet, the most simple and fundamental question remains unanswered: how large is the African private sector? We present novel estimates of the size of the private sector in 50 African...

Persistent link: https://www.econbiz.de/10009416934

Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness

Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - Institute for the Study of Labor (IZA) - 2009

deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We …

Persistent link: https://www.econbiz.de/10008632737

Understanding Inter-Industry Wage Structures in the Euro Area

Genre, Véronique; Kohn, Karsten; Momferatou, Daphne - Institute for the Study of Labor (IZA) - 2009

This paper focuses on the euro area wage structure and its potential determinants from a sectoral viewpoint. Merging information from the OECD Structural Analysis database with data from the EU Labour Force Survey, we construct a cross-country panel of 22 industries in 8 euro area countries for...

Persistent link: https://www.econbiz.de/10005703494

Downward Nominal Wage Rigidity in Europe: An Analysis of European Micro Data from the ECHP 1994-2001

Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2005

This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn’s (1997) histogram-location approach and apply it to...

Persistent link: https://www.econbiz.de/10005822909

Migration as an Adjustment Mechanism in the Crisis? A Comparison of Europe and the United States

Jauer, Julia; Liebig, Thomas; Martin, John P.; Puhani, … - Institute for the Study of Labor (IZA) - 2014

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

Real Unit Labour Costs in Eurozone Countries: Drivers and Clusters

Ordóñez, Javier; Sala, Hector; Silva, José I. - Institute for the Study of Labor (IZA) - 2014

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

Capital Prices and Eurozone Competitiveness Differentials

Askenazy, Philippe - Institute for the Study of Labor (IZA) - 2013

Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour …

Persistent link: https://www.econbiz.de/10010627845