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transmission of work ethic. Values affect the size of the moral-hazard problem and, hence, the policy to be implemented. Conversely …, when parents rationally choose how much effort to exert to raise their children to work hard, they form expectations on the … generations and show that the different cultural traits, i.e. high and low work ethics, are complementary. The model could …
Persistent link: https://www.econbiz.de/10010744810
This paper is intended to make a contribution to the empirical literature explaining the rise of unemployment since the 1970s in western economies by means of interactions between shocks and institutions. The contribution is twofold. First, the impact of a general feature of developed economies...
Persistent link: https://www.econbiz.de/10010745773
, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …? How are wages determined? What role do labor market dynamics play in explaining business cycles and growth? The survey …
Persistent link: https://www.econbiz.de/10011071476
I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United …
Persistent link: https://www.econbiz.de/10010746048
This paper explains the narrowing of gender gaps in wages and market hours in recent decades by the growth of the service economy. We propose a model with three sectors: goods, services and home production. Women have a comparative advantage in the production of services in the market and at...
Persistent link: https://www.econbiz.de/10010746303
decades. We document the between-industry component of the rise in female work for the U.S., and propose a model economy with …
Persistent link: https://www.econbiz.de/10011126308
We examine the implications of tax and subsidy policies for employment in the “three worlds of welfare”, Anglo-Saxon, Continental European and Scandinavian. We argue that home production is key to a proper evaluation of the employment outcomes. Anglo-Saxon lowsupport policies encourage more...
Persistent link: https://www.econbiz.de/10011071076
We examine the implications of tax and subsidy policies for employment in the “three worlds of welfare”, Anglo-Saxon, Continental European and Scandinavian. We argue that home production is key to a proper evaluation of the employment outcomes. Anglo-Saxon low-support policies encourage more...
Persistent link: https://www.econbiz.de/10011071508
, education or social class. The literatures on education and income mobility reveal a similar ranking with South America, other … second part of the paper looks for explanations for the differences in earnings and education persistence and finds that … mobility is negatively correlated with inequality and the return to education but positively correlated with a nation …
Persistent link: https://www.econbiz.de/10011126209
Market work per person of working age differs widely across the OECD countries and there have been some significant … democracy implies both high taxes and pressure in favour of work-sharing in response to adverse shocks. This story, however …, falls foul of the simple fact that most Scandinavian countries now do much more work than the French and Germans despite …
Persistent link: https://www.econbiz.de/10010884748