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Is Short-time Work a Good Method to Keep Unemployment Down?

Cahuc, Pierre; Carcillo, Stéphane - C.E.P.R. Discussion Papers - 2011

2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

Persistent link: https://www.econbiz.de/10008854459

Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1996

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … change increases skilled wages, reduces unskilled wages and increases the unemployment rate of both skilled and unskilled …

Persistent link: https://www.econbiz.de/10005789067

On the Efficiency of Job Search with Social Networks

Cahuc, Pierre; Fontaine, François - C.E.P.R. Discussion Papers - 2002

of different job search methods, conditional unemployment benefit hikes can improve welfare when individuals are risk …

Persistent link: https://www.econbiz.de/10005792237

The Roots of Low European Employment: Family Culture?

Algan, Yann; Cahuc, Pierre - C.E.P.R. Discussion Papers - 2005

OECD countries faced largely divergent employment rates during the last decades. But the whole bulk of the cross-national and cross-temporal heterogeneity relies on specific demographic groups: prime-age women and younger and older individuals. This paper argues that family labour supply...

Persistent link: https://www.econbiz.de/10005124400

Exploitability as a Specification Test of the Phillips Curve

Minford, Patrick; Peel, David - C.E.P.R. Discussion Papers - 2002

Nominal price and wage rigidity renders monetary policy effective over output. However, this effectiveness extends, under widely used overlapping-wage and Calvo-contract Phillips Curves, to planned monetary policy (‘exploitability’) and not merely to policy surprises. We argue that within...

Persistent link: https://www.econbiz.de/10005662276

Vicious and Virtuous Circles - The Political Economy of Unemployment in Interwar UK and USA

Matthews, Kent; Minford, Patrick; Naraidoo, Ruthira - C.E.P.R. Discussion Papers - 2008

This paper develops a political economy model of multiple unemployment equilibria to provide a theory of an endogenous … natural rate of unemployment. This model is applied to the UK and the US interwar period which is remembered as the decade of … mass unemployment. The theory here sees the natural rate and the associated path of unemployment as a reaction to shocks …

Persistent link: https://www.econbiz.de/10005791549

Vicious and Virtuous Circles - The Political Economy of Unemployment

Minford, Patrick; Naraidoo, Ruthira - C.E.P.R. Discussion Papers - 2002

We develop a theoretical nonlinear model of equilibrium unemployment and test its policy implications for a number of … OECD countries. The theory here sees the natural rate and the associated equilibrium path of unemployment as endogenous … demanding more or less social protection. The results from a dozen OECD economies appear to confirm a pattern of unemployment …

Persistent link: https://www.econbiz.de/10005792065

Economic Backwardness in Political Perspective

Acemoglu, Daron; Robinson, James A - C.E.P.R. Discussion Papers - 2002

We construct a simple model where political elites may block technological and institutional development, because of a ‘political replacement effect.’ Innovations often erode elites’ incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political...

Persistent link: https://www.econbiz.de/10005124137

Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth

Acemoglu, Daron; Johnson, Simon; Robinson, James A; … - C.E.P.R. Discussion Papers - 2002

the answer may be no is that countries pursuing poor macroeconomic policies also have weak ‘institutions’, including … political institutions that do not constrain politicians and political elites, ineffective enforcement of property rights for … more ‘extractive’ institutions from their colonial past were more likely to experience high volatility and economic crises …

Persistent link: https://www.econbiz.de/10005136626

The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth

Acemoglu, Daron; Johnson, Simon; Robinson, James A - C.E.P.R. Discussion Papers - 2003

enabled these groups to demand, obtain and sustain changes in institutions to protect their property rights. Furthermore, the … existing institutions placed some checks on the monarchy and particularly limited its control of overseas trading activities … the result of capitalist development driven by the interaction of late medieval institutions and the economic …

Persistent link: https://www.econbiz.de/10005067437