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Profit share and returns on capital stock in Italy: the role of privatisations behind the rise of the 1990s
Torrini, Roberto - London School of Economics (LSE) - 2005
Profit share in Italy has been growing between the mid-1970s and the mid-1990s, remaining stable at historically high levels since than. After dropping in the first half of the 1070s, owing to an unprecedented rapid rise in wages, profit share started to recover. The rise during the 1980s...
Persistent link: https://www.econbiz.de/10010745192
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The Beveridge curve, unemployment and wages in the OECD from the 1960s to the 1990s - preliminary version
Nickell, Stephen; Nunziata, Luca; Ochel, Wolfgang; … - London School of Economics (LSE) - 2001
This paper is an empirical analysis of unemployment patterns in the OECD countries from the 1960s to the 1990s, looking … at the Beveridge Curves, real wages as well as unemployment directly. Our results indicate the following. First, the … unemployment. Finally, broad movements in unemployment across the OECD can be explained by shifts in labour market institutions …
Persistent link: https://www.econbiz.de/10010745475
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Evaluating the economic significance of downward nominal wage rigidity
Elsby, Michael W. L. - London School of Economics (LSE) - 2005
This paper seeks to contribute to the literature on downward nominal wage rigidity (DNWR) along two dimensions. First, we formulate and solve an explicit model of wage-setting in the presence of worker resistance to nominal wage cuts - something that has previously been considered intractable....
Persistent link: https://www.econbiz.de/10010746448
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Privatization, entry regulation and the decline of labor's share of GDP: a cross-country analysis of the network industries
Azmat, Ghazala; Manning, Alan; Van Reenen, John - London School of Economics (LSE) - 2007
Labor’s share of GDP in most OECD countries has declined over the last two decades. Some authors have suggested that these changes are linked to deregulation of product and labor markets. To examine this we focus on a large quasi-experiment in the OECD: the privatization of many network...
Persistent link: https://www.econbiz.de/10010746486
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The volatility of earnings: evidence from high-frequency firm-level data
Georgiadis, Andreas; Manning, Alan - London School of Economics (LSE) - 2014
The first contribution of this paper is to use UK monthly firm-level data to show that there is a large amount of transitory volatility in firm-level average earnings from month to month. We conclude that this cannot all be explained away as the consequence of measurement error, composition...
Persistent link: https://www.econbiz.de/10011126684
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Nominal Wage Contracts and the Persistent Effects of Monetary Policy.
Gottfries, N.; Westermak, A. - Nationalekonomiska Institutionen, Uppsala Universitet - 1995
Persistent link: https://www.econbiz.de/10005634553
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Incentives in competitive search equilibrium
Moen, Espen R.; Rosen, Asa - London School of Economics (LSE) - 2007
analyze the effect of changes in the macro economic variables on the wage contract and the unemployment rate. We find that … private information may increase the responsiveness of the unemployment rate to changes in productivity. The incentive power … of the wage contracts is positively related to high productivity, low unemployment benefits and high search frictions. …
Persistent link: https://www.econbiz.de/10010745548
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On the Benefits from Rigid Labour Markets: Norms, Market Failures, and Social Insurance.
Agell, J. - Nationalekonomiska Institutionen, Uppsala Universitet - 1998
The common view that far-reaching labour market deregulation is the only remedy for high European unemployment is too …
Persistent link: https://www.econbiz.de/10005669585
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The economic situation of first- and second-generation immigrants in France, Germany and the United Kingdom
Algan, Yann; Dustmann, Christian; Glitz, Albrecht; … - London School of Economics (LSE) - 2009
also of subsequent generations. Little comparative work exists for Europe’s largest economies. France, Germany and the …
Persistent link: https://www.econbiz.de/10010744907
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Nominal wage rigidity and the rate of inflation
Nickell, Stephen; Quintini, Glenda - London School of Economics (LSE) - 2001
inflation is low. Despite the substantial numbers of individuals whose nominal wages fall from one year to the next, we find … that if long-run inflation is one percent higher, the number of individuals with negative real pay growth increases by …
Persistent link: https://www.econbiz.de/10010746590