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Expanding the welfare system : a proposal for reform.

Orszag, Jonathan Michael; Snower, Dennis J. - Kiel Institute for the World Economy - 1998

The proposal involves the establishment of ?welfare accounts? for every person in a country. There are to be four … of the current welfare state systems - where welfare services are financed predominantly out of general taxes - people … would make ongoing, mandatory contributions to each of these welfare accounts. The balances in these accounts would cover …

Persistent link: https://www.econbiz.de/10008520144

Can insider power affect employment?.

Díaz-Vázquez, Pilar; Snower, Dennis J. - Kiel Institute for the World Economy - 2003

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....

Persistent link: https://www.econbiz.de/10008520169

A reappraisal of the inflation-unemployment tradeoff.

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - Kiel Institute for the World Economy - 2005

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 staggered wage contracts with time discounting), the...

Persistent link: https://www.econbiz.de/10008520206

Anatomy of policy complementarities.

Orszag, Mike; Snower, Dennis J. - Kiel Institute for the World Economy - 1998

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 extensive reform programs. We argue that the heart of...

Persistent link: https://www.econbiz.de/10008520225

The effectiveness of employment vouchers : a simple approach.

Orszag, Jonathan Michael; Snower, Dennis J. - Kiel Institute for the World Economy - 2000

This paper explores the optimal design of subsidies for hiring unemployed workers (?employment vouchers? for short) in the context of a dynamic model of the labor market. Focusing on the short-term and long-term effects of the vouchers on employment and unemployment, the analysis shows how the...

Persistent link: https://www.econbiz.de/10008520261

Mindestlöhne und Humankapital.

Lechthaler, Wolfgang; Snower, Dennis J. - Kiel Institute for the World Economy - 2008

Persistent link: https://www.econbiz.de/10008495193

Hyperbolic discounting and the Phillips curve.

Graham, Liam; Snower, Dennis J. - Kiel Institute for the World Economy - 2008

Persistent link: https://www.econbiz.de/10008575496