Showing 1 - 6 of 6
We characterize optimal monetary policy in a New Keynesian search-and-matching model where multiple-worker firms satisfy demand in the short run by adjusting hours per worker. Imperfect product market competition and search frictions reduce steady state hours per worker below the efficient...
Persistent link: https://www.econbiz.de/10011272781
, employment and investment over the 2009-2012 period 1 . The sector considered embraces not only the activities directly connected … employment). Brussels Airport is the country’s biggest airport in terms of passenger traffic, but has seen its leading position …. Charleroi and Liège are the fastest growing airports in terms of value added and employment. With the exception of Ostend, the …
Persistent link: https://www.econbiz.de/10011272822
This study assesses the economic importance of air transport and airport activities in Belgium in terms of employment … direct and indirect value added (or 1.8 % of Belgium’s GDP), and provided direct or indirect employment for 80,300 people in … full-time equivalents (or 2 % of domestic employment in FTE). Brussels Airport was the one most affected by the decline in …
Persistent link: https://www.econbiz.de/10009644947
Using firm-level data for Belgium over the period 1997-2005, we evaluate the elasticity of firms' labour and real average labour compensation to microeconomic total factor productivity (TFP). Our results may be summarised as follows. First, we find that the elasticity of average labour...
Persistent link: https://www.econbiz.de/10005033321
-savings" effect they may leave unaffected, or even increase, total native employment of less skilled workers. Our model also predicts … positive net effect on native employment while offshoring has no effect on it. We also find some evidence that offshoring has …
Persistent link: https://www.econbiz.de/10008672361
programs. This paper analyses how a firm-level tax (or subsidy) on deviations from a pre-set wage norm may promote employment … such that it yields a positive employment effect. We test the effect of the norm on the wages on a sample of Polish firms …
Persistent link: https://www.econbiz.de/10008828344