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Real unit labour costs in Eurozone countries : drivers and clusters

Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - 2014

We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components - real wages, capital intensity, and technology - are uncovered through decomposition and cluster analyses. In the...

Persistent link: https://www.econbiz.de/10010369774

Euro, crisis and unemployment : youth patterns, youth policies?

Ghoshray, Atanu; Ordóñez, Javier; Sala, Hector - 2016

This paper examines the occurrence of structural breaks in European unemployment associated with major events experienced by the European economies at an institutional level: the creation of the European and Monetary Union (EMU) in 1999, and the Euro/financial crisis in 2008-2009, which was...

Persistent link: https://www.econbiz.de/10011476560

Unemployment in the European Union : a dynamic reappraisal

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...

Persistent link: https://www.econbiz.de/10011412080

Unemployment in the European Union : institutions, prices, and growth

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001800159

Unemployment, growth and fiscal policy : new insights on the hysteresis hypothesis

Raurich-Puigdevall, Xavier (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002035720

The effects of globalization and technology on the elasticity of substitution

Sala, Hector; Trivín, Pedro - 2017

, in contrast, that σ is affected by both globalization and technology, and that different intensities in these drivers … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases …-output ratio on the labor share irrespective of the degree of globalization (which would be consistent with an average aggregate …

Persistent link: https://www.econbiz.de/10011704348

Distributional consequences of capital accumulation, globalisation and financialisation in the US

Karanassou, Marika; Sala, Hector - 2013

In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...

Persistent link: https://www.econbiz.de/10009717716