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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education

Kosfeld, Michael; Schüwer, Ulrich - Institute for the Study of Labor (IZA) - 2011

Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...

Persistent link: https://www.econbiz.de/10009359868

A Comparison of the Poverty Impact of Transfers, Taxes and Market Income across Five OECD Countries

Bibi, Sami; Duclos, Jean-Yves - Institute for the Study of Labor (IZA) - 2008

This paper compares the poverty reduction impact of income sources, taxes and transfers across five OECD countries. Since the estimation of that impact can depend on the order in which the various income sources are introduced into the analysis, it is done by using the Shapley value. Estimates...

Persistent link: https://www.econbiz.de/10005822546

A General Model of Technical Change with an Application to the OECD Countries

Heshmati, Almas; Kumbhakar, Subal C. - Institute for the Study of Labor (IZA) - 2011

In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...

Persistent link: https://www.econbiz.de/10009323543

Labour Market Reforms and Outcomes in Estonia

Brixiova, Zuzana; Égert, Balázs - Institute for the Study of Labor (IZA) - 2012

The unemployment rate in Estonia rose sharply in 2010 to one of the highest levels in the EU, after the country entered a severe recession in 2008. While the rate declined relatively rapidly in 2011, it remained high especially for the less educated. In 2009, the Employment Contract Law relaxed...

Persistent link: https://www.econbiz.de/10009646327

Minimum Wages, Labor Market Institutions, and Female Employment and Unemployment: A Cross-Country Analysis

Addison, John T.; Ozturk, Orgul Demet - Institute for the Study of Labor (IZA) - 2010

This paper estimates the effect of minimum wage regulation in 16 OECD countries, 1970-2008. Our treatment is motivated by Neumark and Wascher's (2004) seminal cross-country study using panel methods to estimate minimum wage effects among teenagers and young adults. Apart from the longer time...

Persistent link: https://www.econbiz.de/10008455546

Reflexionen zur Zukunft der Arbeit

Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2013

angesichts von Demografie, Globalisierung und Technologiefortschritt nicht ihren eigenen wirtschaftlichen Erfolg aufs Spiel …

Persistent link: https://www.econbiz.de/10010884061

The Brain Drain: Curse or Boon?

Commander, Simon; Kangasniemi, Mari; Winters, L. Alan - Institute for the Study of Labor (IZA) - 2003

The migration of skilled individuals from developing countries has typically been considered to be costly for the sending country, due to lost investments in education, high fiscal costs and labour market distortions. Economic theory, however, raises the possibility of a beneficial brain drain...

Persistent link: https://www.econbiz.de/10005822280

Globalization and Income Inequality

Vivarelli, Marco; Meschi, Elena - Institute for the Study of Labor (IZA) - 2007

This paper discusses the distributive consequences of trade flows in developing countries (DCs). On the theoretical side, we argue that the interplays between international openness and technology adoption may constitute an important mechanism leading to a possible increase of income...

Persistent link: https://www.econbiz.de/10005822668

Measurement of Globalization and Its Variations Among Countries, Regions and Over Time

Bhandari, Amit K.; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2005

The process of globalization is an international economic order which has led to the progressive integration of the … technological innovation also provides impetus to the progressive integration of the nations. The elements of globalization include … economic benefits, globalization also indicates the flow of ideas, norms, information and peoples. There is a large …

Persistent link: https://www.econbiz.de/10005822966

Home Market Effect versus Multinationals

Toulemonde, Eric - Institute for the Study of Labor (IZA) - 2007

We develop a model with two asymmetric countries. Firms choose the number and the location of plants that they operate. The production of each firm increases when trade costs fall. The fall also induces multinationals to repatriate their production into a single country, which is likely to be...

Persistent link: https://www.econbiz.de/10005823000