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The Return of the Long-Run Phillips Curve
Graham, Liam; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
This paper shows that the interaction between money growth and staggered nominal contracts gives rise to a long …-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10005822071
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The European Phillips Curve: Does the NAIRU Exist?
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2003
model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …
Persistent link: https://www.econbiz.de/10005566739
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A Reappraisal of the Inflation-Unemployment Tradeoff
Snower, Dennis; Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2002
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and …
Persistent link: https://www.econbiz.de/10005761764
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The New Stylized Facts about Income and Subjective Well-Being
Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - Institute for the Study of Labor (IZA) - 2012
whether we look at economic growth for a given country. Through these comparisons we show that richer people report higher … poorer countries; and that economic growth and growth in well-being are clearly related. Moreover, the data show no evidence …
Persistent link: https://www.econbiz.de/10010635588
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Trust and Bribery: The Role of the Quid Pro Quo and the Link with Crime
Hunt, Jennifer - Institute for the Study of Labor (IZA) - 2004
I study data on bribes actually paid by individuals to public officials, viewing the results through a theoretical lens that considers the implications of trust networks. A bond of trust may permit an implicit quid pro quo to substitute for a bribe, which reduces corruption. Appropriate networks...
Persistent link: https://www.econbiz.de/10005822899
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Subjective Well‐Being and Income: Is There Any Evidence of Satiation?
Stevenson, Betsey; Wolfers, Justin - Institute for the Study of Labor (IZA) - 2013
Many scholars have argued that once "basic needs" have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple...
Persistent link: https://www.econbiz.de/10010660252
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Should Cash Transfers Be Confined to the Poor? Implications for Poverty and Inequality in Latin America
Acosta, Pablo A.; Leite, Phillippe; Rigolini, Jamele - Institute for the Study of Labor (IZA) - 2011
This paper compares for 13 Latin American countries the poverty and inequality impacts of cash transfer programs that are given to all children and the elderly (that is, "categorical" transfers), to programs of equal budget that are confined to the poor within each population group (that is,...
Persistent link: https://www.econbiz.de/10009371860
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Multinationals as Stabilizers? Economic Crisis and Plant Employment Growth
Álvarez, Roberto; Görg, Holger - Institute for the Study of Labor (IZA) - 2007
This paper examines the link between multinational enterprises and employment growth at the plant-level. We investigate … employment growth in manufacturing plants has been drastically reduced during the economic crisis. More importantly, we do not …
Persistent link: https://www.econbiz.de/10005247703
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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
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Immigration and Outsourcing: A General Equilibrium Analysis
Bandyopadhyay, Subhayu; Wall, Howard J. - Institute for the Study of Labor (IZA) - 2005
This paper analyzes the issues of immigration and outsourcing in a general-equilibrium model of international factor mobility. In our model, legal immigration is controlled through a quota, while outsourcing is determined both by the firms (in response to market conditions) and through...
Persistent link: https://www.econbiz.de/10005566370