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Experimental Labor Markets and Policy Considerations: Incomplete Contracts and Macroeconomic Aspects

Casoria, Fortuna; Riedl, Arno - Institute for the Study of Labor (IZA) - 2012

This survey focuses on experimental labor markets investigating two aspects that deem us important for a better understanding of labor market relations and the consequences for labor market policies. The first part of the survey is dedicated to papers that assess the prevalence of reciprocal...

Persistent link: https://www.econbiz.de/10010884075

The Real Exchange Rate and External Competitiveness in Egypt, Morocco and Tunisia

Brixiova, Zuzana; Égert, Balázs; Hadj Amor Essid, Thouraya - Institute for the Study of Labor (IZA) - 2013

Egypt, Morocco and Tunisia face challenges competing on the global markets, as shown by their relatively low and stagnant export shares. The limited export competitiveness has hampered external demand, growth and employment. Applying, for the first time to North Africa, the stock-flow approach...

Persistent link: https://www.econbiz.de/10011271994

Asymmetric Labor Market Institutions in the EMU and the Volatility of Inflation and Unemployment Differentials

Abbritti, Mirko; Mueller, Andreas I. - Institute for the Study of Labor (IZA) - 2012

volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

Persistent link: https://www.econbiz.de/10011279349

How Do Trade and Financial Integration Affect the Relationship between Growth and Volatility?

Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - Institute for the Study of Labor (IZA) - 2006

as conventional wisdom – that output volatility and growth are negatively correlated. We reexamine this relationship in … basic negative association between growth and volatility has been preserved during the 1990s, both trade and financial … interaction between volatility and trade integration is significantly positive. We find a similar, although less significant …

Persistent link: https://www.econbiz.de/10005233764

Informality and Macroeconomic Fluctuations

Fiess, Norbert M.; Fugazza, Marco; Maloney, William F. - Institute for the Study of Labor (IZA) - 2008

This paper examines the adjustment of developing country labor markets to macroeconomic shocks. It models as having two sectors: a formal salaried (tradable) sector that may or may not be affected by union or legislation induced wage rigidities, and an informal (nontradable) self-employment...

Persistent link: https://www.econbiz.de/10005761955

Bismarck versus Beveridge: Which Unemployment Compensation System is More Prone to Labor Market Shocks?

Beissinger, Thomas; Buesse, Oliver - Institute for the Study of Labor (IZA) - 2001

Based on a model with imperfectly competitive labor and product markets the real consequences of labor market shocks for economies with either an earnings-related or flat-rate unemployment compensation system are considered. A distinctive feature of the analysis is the comparison of both...

Persistent link: https://www.econbiz.de/10005761964

How Does Globalization Affect the Synchronization of Business Cycles?

Kose, M. Ayhan; Prasad, Eswar E.; Terrones, Marco E. - Institute for the Study of Labor (IZA) - 2003

This paper examines the impact of rising trade and financial integration on international business cycle comovement among a large group of industrial and developing countries. The results provide at best limited support for the conventional wisdom that globalization has increased the degree of...

Persistent link: https://www.econbiz.de/10005762165

The Impact of the Unemployment Benefit System on International Spillover Effects

Beissinger, Thomas; Buesse, Oliver - Institute for the Study of Labor (IZA) - 2002

Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover effects are caused by changes in world real income. The...

Persistent link: https://www.econbiz.de/10005762260

Enlarging the EMU to the East: What Effects on Trade?

Belke, Ansgar; Spies, Julia - Institute for the Study of Labor (IZA) - 2008

The purpose of this paper is to assess the implications of the Economic and Monetary Union (EMU) accession of eight Central and Eastern European Countries (CEECs) on their share in EMU-12 imports. Overcoming biases related to endogeneity, omitted variables and sample selection, our results...

Persistent link: https://www.econbiz.de/10005822129

Does Openness to International Financial Flows Contribute to Productivity Growth?

Kose, M. Ayhan; Prasad, Eswar; Terrones, Marco E. - Institute for the Study of Labor (IZA) - 2008

Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...

Persistent link: https://www.econbiz.de/10005822435