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Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....
Persistent link: https://www.econbiz.de/10012131008
unemployment by means of internet activity data, a literature starting with the seminal article of Askitas and Zimmermann (2009a …
Persistent link: https://www.econbiz.de/10012114391
This Paper studies the border between shadow employment and unemployment. It argues that the two macroeconomic … the labour market trade-off implied by ‘shadow reducing policies’, it suggests that economies with low unemployment … perform original empirical work on the border between employment, unemployment and inactivity, and we find that Italian shadow …
Persistent link: https://www.econbiz.de/10005662043
This paper investigates the border between formal employment, shadow employment, and unemployment in an equilibrium … employment is correlated with unemployment, and it is tolerated because the repression of shadow activity increases unemployment … the model. The paper suggests also that policies aimed at reducing the shadow economy are likely to increase unemployment. …
Persistent link: https://www.econbiz.de/10005666997