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Multiple Equilibria and Minimum Wages in Labour Markets with Informational Frictions and Heterogenous Production Technologies

den Berg, Gerard J van - C.E.P.R. Discussion Papers - 2003

It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...

Persistent link: https://www.econbiz.de/10005666625

Structural Reforms and Growth: Product and Labor Market Deregulations

Eijffinger, Sylvester C W; Rossi, Alberto - C.E.P.R. Discussion Papers - 2006

The paper focuses on labor and product market deregulations, as fundamental elements in the passage from an investment to an innovation-based economy. The approach undertaken is prominently empirical. After a very brief description of the regulatory levels on the two sides of the Atlantic, we...

Persistent link: https://www.econbiz.de/10005792522

Labor Market Rigidities, Trade, and Unemployment

Helpman, Elhanan; Itskhoki, Oleg - C.E.P.R. Discussion Papers - 2009

shaping welfare, trade flows, productivity, and unemployment. We show that both countries gain from trade but that the …

Persistent link: https://www.econbiz.de/10008477175

Foreign Trade and Investment: Firm-Level Perspectives

Helpman, Elhanan - C.E.P.R. Discussion Papers - 2013

This Economica Coase Lecture reviews research that has revolutionized the field of international trade and foreign direct investment. It explains the motivation behind the development of new analytical frameworks, the nature of these frameworks, and the empirical studies that sprouted from them.

Persistent link: https://www.econbiz.de/10011083409

Unemployment and Productivity in the Long Run: the Role of Macroeconomic Volatility

Benigno, Pierpaolo; Ricci, Luca Antonio; Surico, Paolo - C.E.P.R. Discussion Papers - 2010

generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise … in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly … supports these predictions. The empirical specifications featuring the variance of productivity growth can account for two U …

Persistent link: https://www.econbiz.de/10008642883