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Workers have responded differently to declining union density in the US and UK. US workers have unfilled demand for unions whereas many UK workers free-ride at unionized workplaces. To explain this difference, we create a scalar measure of worker needs for representation and relate desire for...
Persistent link: https://www.econbiz.de/10012466359
Is global competition for mobile capital harmful (less public goods) or beneficial (less government waste)? This paper … parliamentary democracies (Europe) and presidential-congressional systems (USA) to show that increasing tax competition is likely to …. Increasing tax competition lowers voter welfare if the only benefit to politicians is to divert resources from the government …
Persistent link: https://www.econbiz.de/10012469372
In this paper, we attempt to explain differences between the US and UK household wealth distributions, with an emphasis on the quite different porfolios held in stock and housing equities in the two countries. As a proportion of their total wealth, British households hold relatively small...
Persistent link: https://www.econbiz.de/10012469583
We report the results of the first comparative study of the determinants and effects of patent oppositions in Europe and of re-examinations on corresponding patents issued in the United States. The analysis is based on a dataset consisting of matched EPO and US patents. Our analysis focuses on...
Persistent link: https://www.econbiz.de/10012469908
Both the U.S. and the EU are an economic union: There is a single market for goods, capital, finance, and labor. That is, there is free mobility of goods and services, physical and financial capital, and labor among the member countries of the union. Nevertheless, there is much higher degree of...
Persistent link: https://www.econbiz.de/10012496111
comparison with other financial and non-financial indicators. The analysis focuses on out-of-sample performance from 1 to 8 …
Persistent link: https://www.econbiz.de/10012473488
This paper represents a very early progress report on a new study of business cycle indicators for the United States. Our host organization, CIRET, is concerned with research on surveys of economic tendencies that cover broad areas of business, investment, and consumer behavior. These inquiries...
Persistent link: https://www.econbiz.de/10012479119
We study the real-time signals provided by the Aruoba-Diebold-Scotti Index of Business conditions (ADS) for tracking economic activity at high frequency. We start with exit from the Great Recession, comparing the evolution of real-time vintage beliefs to a "final" late-vintage chronology. We...
Persistent link: https://www.econbiz.de/10012481337
This paper first documents trends in employment rates and then reviews what is known about the various factors that have been proposed to explain the decline in the overall employment-to-population ratio between 1999 and 2016. Population aging has had a notable effect on the overall employment...
Persistent link: https://www.econbiz.de/10012453381
Since the outset of the Covid-19 pandemic, labor market indicators that traditionally move together have been sending different signals about the degree of slack in the U.S. labor market. While some indicators on the supply-side, such as the prime-age employment-to-population ratio, suggest that...
Persistent link: https://www.econbiz.de/10012938708