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Andrews, Dan; Jencks, Christopher; Leigh, Andrew - Institute for the Study of Labor (IZA) - 2010

Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile's income share is associated with a...

Persistent link: https://www.econbiz.de/10008506067

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

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

Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...

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

Macroeconomic Volatilities and the Labor Market: First Results from the Euro Experiment

Merkl, Christian; Schmitz, Tom - Institute for the Study of Labor (IZA) - 2010

This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … on inflation volatility, which can also be rationalized by our theoretical model. …

Persistent link: https://www.econbiz.de/10008611512

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

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