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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

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

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

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

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

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

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

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

Unemployment clusters across European regions and countries

Overman, Henry G.; Puga, Diego - London School of Economics (LSE) - 1999

European regions have experienced a polarisation of their unemployment rates between 1986 and 1996, as regions with …

Persistent link: https://www.econbiz.de/10010884644

A test between unemployment theories using matching data

Coles, Melvyn; Petrongolo, Barbara - London School of Economics (LSE) - 2003

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … with reference to the design of optimal unemployment insurance programs. …

Persistent link: https://www.econbiz.de/10010928750

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