Showing 1 - 10 of 170
This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using data for 24 European countries over the period 1998-2013. Controlling for country-fixed effects, endogeneity and a large set of covariates, results show that product market...
Persistent link: https://www.econbiz.de/10011871988
This paper reviews recent empirical evidence on privatisation in developing countries. Particular emphasis is placed on new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more cautious and nuanced evaluation of privatisation. Thus it...
Persistent link: https://www.econbiz.de/10011571943
Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …
Persistent link: https://www.econbiz.de/10012431121
Macroprudential policy is a relatively new policy field. Its goal is to preserve financial stability and to prevent the build-up of systemic risk that may have adverse effects for the functioning of the financial system and for the real economy. New institutions have been tasked with the...
Persistent link: https://www.econbiz.de/10011978687
Re-licensing requirements for professionals that move across borders are widespread. In this paper, we measure the returns to an occupational license using novel data on Soviet trained physicians that immigrated to Israel. An immigrant re-training assignment rule used by the Israel Ministry of...
Persistent link: https://www.econbiz.de/10011414878
Using European Community Household Panel data for nine countries for 1996-2001, I investigate the impact of reforms of employment protection systems on employment and on temporary jobs for wage and salary workers. Individual fixed effects models are estimated, with the inclusion of...
Persistent link: https://www.econbiz.de/10003652681
environmental regulation is weak, we analyse the electricity intensity of firms in SEZs. We use firm level data from Africa and Asia …
Persistent link: https://www.econbiz.de/10011542161
The passage of landmark government regulation is often the culmination of evolving social pressure and incremental … policy change. During this process, firms may preemptively adjust behavior in anticipation of impending regulation, making it … 1970 Clean Air Act (CAA) on the power sector. This unique long panel provides us an extended pre-regulation benchmark …
Persistent link: https://www.econbiz.de/10012582425
Persistent link: https://www.econbiz.de/10013184507
Social insurance programs typically comprise sick leave insurance. An important policy parameter is how the cost of sick leave are shared between workers, firms, and the social security system. We show that this sharing rule affects not only absence behavior, but also workers' subsequent health....
Persistent link: https://www.econbiz.de/10010532515