employment or the labour income tax rate leads, in contrast, to a lower wage, a higher interest rate and a higher capital stock … market goods induces a lower interest rate, a higher wage, a lower capital stock and a fall in employment. Cutting public …. Employment rises on impact. If the extra revenues of rolling back the welfare state are handed back via a lower tax rate rather …

min-max strategy against nature. When applied to a life cycle consumption problem, one finds a rationale for precautionary … saving and a larger sensitivity of changes in consumption to income innovations. It is also shown that consumers with …

This paper investigates the implications of budgetary policies for consumption and economic growth. We present a model … a rise in government debt, financed by lump-sum taxes, increases the share of private consumption to national income and … reduces the long-run growth rate. We also show that a rise in government consumption financed by lump-sum taxes reduces both …

relative to male wages, but female employment has fallen 5 percentage points more than male employment. Using the German Socio … of the hazard rate from employment. Differences in mean 1990 wages explain more than one-half of the gender gap in this … hazard rate, since low earners were more likely to leave employment, and were disproportionately female. The withdrawal from …

reductions in other sectors. The union campaign aimed to increase employment through ‘work-sharing’, and is being emulated in the …

It is widely believed that the integration of European economies will have little impact on labour mobility. This does … not mean, however, that European labour markets will be unaffected by the process of economic integration. In this paper …

lower unemployment. Whether ‘work-sharing’ works – whether employment rises when hours per worker are reduced – is … standard hours, employment rose by 0.3–0.7%, but that total hours worked fell by 2–3%, implying possible output losses. As a … group, however, workers were better off as the wage bill rose. The employment growth implied by the mean standard hours …

Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …, contributed to an employment shortfall equivalent to 40 percent of the missing employment decline in the recession. Another 20 …

unemployment problem, still unsolved and therefore important for policy analysis. Several constraints for unemployment policy …

. Furthermore, they fail to allow for quantity rationing and to model unemployment as a catastrophic event. The macroeconomics based …