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The macroeconomic effects of a carbon tax to meet the U.S. Paris Agreement target: the role of firm creation and technology adoption

Finkelstein Shapiro, Alan; Metcalf, Gilbert E. - 2021

externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …

Persistent link: https://www.econbiz.de/10012519987

Patterns, trends and policy implications of private spending on skills development in Mexico and the United States

Székely, Miguel; Mendoza, Pamela - 2017

This paper explores families' investment in skills development through education in a high-inequality, low-education quality country such as Mexico, comparing it to a lower-inequality, higher-quality education country such as the United States. The paper uses a series of high-quality Household...

Persistent link: https://www.econbiz.de/10011661892

The US inflation-unemployment tradeoff : methodological issues and further evidence

Karanassou, Marika; Sala, Hector - 2009

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …

Persistent link: https://www.econbiz.de/10003877115

Inequality and employment sensitivities to the falling labour share

Karanassou, Marika; Sala, Hector - 2011

This paper aims at identifying the labour share (wage-productivity gap) as a major factor in the evolution of inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate country-specific systems of labour demand and Gini coefficient...

Persistent link: https://www.econbiz.de/10009157624

Institutions and the environment : existing evidence and future directions

Dasgupta, Shouro; De Cian, Enrica - 2016

institutions and governance on environmental policy, environmental outcomes, and investments. The paper describes how the … relationship between institutions and various response variables related to environmental performance and environmental policy have …

Persistent link: https://www.econbiz.de/10011485706