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Fiscal Policy, Interest Rate Spreads, and the Zero Lower Bound

Bredemeier, Christian; Juessen, Falko; Schabert, Andreas - Institute for the Study of Labor (IZA) - 2015

This paper questions unconventional fiscal policy effects when the monetary policy rate is at the zero lower bound. We provide evidence for the US that the spread between the policy rate and the US-LIBOR, which is more relevant for private sector transactions, increases with government...

Persistent link: https://www.econbiz.de/10011265653

Tax Policy and Income Inequality in the U.S., 1978-2009: A Decomposition Approach

Bargain, Olivier; Dolls, Mathias; Immervoll, Herwig; … - Institute for the Study of Labor (IZA) - 2011

We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method that allows us to disentangle mechanical effects due to changes in pre-tax incomes from direct effects of policy reforms. While tax reforms implemented under Democrat administrations, in...

Persistent link: https://www.econbiz.de/10009246707

Demographics, Fiscal Health, and School Quality: Shedding Light on School Closure Decisions

Billger, Sherrilyn M. - Institute for the Study of Labor (IZA) - 2010

In our current challenging budgetary environment, school closures remain a potentially attractive choice. With a large panel of Illinois schools from 1991 to 2005, I investigate which factors contribute to school closures. Among elementary schools, declining enrolments and rural locations...

Persistent link: https://www.econbiz.de/10008480921

The Economics of Workaholism: We Should Not Have Worked on This Paper

Hamermesh, Daniel S.; Slemrod, Joel - Institute for the Study of Labor (IZA) - 2005

A large literature examines the addictive properties of such behaviors as smoking, drinking alcohol and eating. We argue that for some people addictive behavior may apply to a much more central aspect of economic life: working. Workaholism is subject to the same concerns about the individual as...

Persistent link: https://www.econbiz.de/10005566846

Partisan Tax Policy and Income Inequality in the U.S., 1979-2007

Bargain, Olivier; Dolls, Mathias; Immervoll, Herwig; … - Institute for the Study of Labor (IZA) - 2013

We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method that allows us to disentangle the direct policy effect from the effect of changing market incomes. Over the whole period 1979-2007 the cumulative tax policy effect aggravated income inequality...

Persistent link: https://www.econbiz.de/10011085100

Deriving the New Quantity Equation: An Approach for a Closed and an Open Economy

Welfens, Paul J. J. - Institute for the Study of Labor (IZA) - 2014

This theoretical contribution shows a simple way in which the quantity equation can be derived as a long-term equilibrium solution for the case of a closed economy and an open economy, respectively. It is shown first for the case of a closed economy which parameters stand behind "velocity" and...

Persistent link: https://www.econbiz.de/10010891175

Social Capital and Immigrants' Labour Market Performance

Piracha, Matloob; Tani, Massimiliano; Vaira-Lucero, Matias - Institute for the Study of Labor (IZA) - 2013

levels using the Households Income and Labour Dynamics in Australia (HILDA) longitudinal survey data. We find a positive …

Persistent link: https://www.econbiz.de/10010990925

The Effect of Paid Parental Leave on Child Health in Australia

Broadway, Barbara; Kalb, Guyonne; Kuehnle, Daniel; … - Institute for the Study of Labor (IZA) - 2015

the provision of paid parental leave, even for short periods (as usually available in Australia), will benefit children …

Persistent link: https://www.econbiz.de/10011265289

Job Insecurity and Future Labour Market Outcomes

McGuinness, Seamus; Wooden, Mark; Hahn, Markus - Institute for the Study of Labor (IZA) - 2012

This paper uses longitudinal survey data to test the degree to which measures of job insecurity are correlated with changes in labour market status. Three major findings are reported. First, the perceived probability of job loss is only weakly related to both exogenous job separations and...

Persistent link: https://www.econbiz.de/10011266184

The Problem of Overskilling in Australia and Britain

McGuinness, Seamus Mcguinness; sloane, peter james; … - Institute for the Study of Labor (IZA) - 2007

This paper examines the parallel trends in education and labour market developments in Australia and Britain. It uses … Australia, but the wage penalty associated with overskilling increases with education. Although the general patterns of … overskilling (prevalence and penalties) are fairly similar between Australia and Britain, the problem appears to be greater in …

Persistent link: https://www.econbiz.de/10005233778