Showing 1 - 10 of 101
Although private equity firms are often criticized for layoffs, little evidence exists regarding which employees lose their jobs and why. We argue that explanations for the job polarization process can also explain layoffs after buyouts. Buyouts reduce agency problems, which triggers automation,...
Persistent link: https://www.econbiz.de/10011262892
distribution is endogenously determined. We use this model to analyze the comparative statics effects of increases in unemployment … compensation on the unemployment rate and aggregate welfare taking into account the induced change in the wage offer distribution … a selective increase in unemployment compensation, made available to those who impute a relatively low value to leisure …
Persistent link: https://www.econbiz.de/10010684408
This paper builds a theory of the shape of the distribution of total-factor productivity (TFP) across countries. The data on productivity suggests vast differences across countries, and arguably even has “twin peaks”. The theory proposed here is consistent with vast differences in long-run...
Persistent link: https://www.econbiz.de/10008675722
The search for growth-promoting policies is found to demand knowledge of how growth depends upon actions of entrepreneurs and how these actions depend upon the prevailing institutions. While institutions have extensively been examined for their influences upon the freedoms and the incentives of...
Persistent link: https://www.econbiz.de/10005780392
The purpose of this papers is confined to illuminating the aspect: Has Sewedish economic growth been slow relative to other industrialised countries in recent decades, i.e. is Sweden lagging behind
Persistent link: https://www.econbiz.de/10010818324
The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more … implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterized by economic …
Persistent link: https://www.econbiz.de/10005419509
No abstract.
Persistent link: https://www.econbiz.de/10010611594
Persistent link: https://www.econbiz.de/10005780370
Decentralisation of decision-making in active labour market policy makes it possible to use local information to the fullest, but may also impinge on the fulfilment of national objectives, as suggested by principal-agent theory. The purpose of this study is to ex-amine the effects of a Swedish...
Persistent link: https://www.econbiz.de/10005771096
workers living far away from jobs pay lower housing prices but experience higher unemployment rates than those living close to …
Persistent link: https://www.econbiz.de/10005419506