Showing 1 - 10 of 101
The structural differences and the dynamics in prices on the second-hand market for family houses in large (Stockholm, Gothenburg and Malmo), medium-sized, small and industrial cities and sparsely populated areas are analysed in this paper. The basic house price data set used in the analysis...
Persistent link: https://www.econbiz.de/10005638532
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10005644526
We outline a dynamic stochastic general equilibrium (DSGE) model with trend extrapolation in asset pricing that we fit to quarterly U.S. macroeconomic time series with Bayesian techniques. To be more precise, we modify the DSGE model in Smets and Wouters (2007) by incorporating asset traders who...
Persistent link: https://www.econbiz.de/10009145665
We examine how tax avoidance in the form of trade in well-functioning asset markets affects the empirical study of labor supply. We discuss the implications for tax policy analysis, and we show that a failure to account for avoidance responses may lead to huge errors when predicting how tax...
Persistent link: https://www.econbiz.de/10005479132
Persistent link: https://www.econbiz.de/10005479139
We utilise repeated cross sections of micro data from several countries, available from the Luxembourg Income Study, LIS, to estimate labour supply elasticities, both at the intensive and extensive margin. The benefit of the data is that it spans over four decades and includes a large number of...
Persistent link: https://www.econbiz.de/10010818677
We estimate the causal relationship between family size and labour market outcomes for families in low fertility and low female employment regime. Family size is instrumented using twinning and gender composition of the first two children. Among families with at least one child we identify the...
Persistent link: https://www.econbiz.de/10010818814
errors, model specification and estimation as well as substantive results are reviewed and discussed. Although time-use data …
Persistent link: https://www.econbiz.de/10005669569
This paper evaluates the tax reforms carried out in Sweden between 1980 and 1991. We use a recently developed nonparametric labor supply function to account for the behavioral responses of the taxed individuals. We decompose the tax reform to study how the separate components influence hours of...
Persistent link: https://www.econbiz.de/10005634517
The two perhaps most influencial empirical labor supply studies carried out in the US in recent years, Hausman (1981) and MaCurdy, Green & Paarsch (1990), report sharply contradicting labor supply estimates.In this paper we seek to uncover the driving forces behind the seemingly irreconcilable...
Persistent link: https://www.econbiz.de/10005638538