Narrow search
Showing 1 - 10 of 674
Cover Image
Unemployment, Market Work and Household Production
Burda, Michael C; Hamermesh, Daniel S. - C.E.P.R. Discussion Papers - 2009
additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment … lower amount of market work in areas of long-term high unemployment is offset by additional household production. In … contrast, in those areas where unemployment has risen cyclically reduced market work is made up almost entirely by additional …
Persistent link: https://www.econbiz.de/10005123843
Cover Image
Trends in Hours and Economic Growth
Ngai, Liwa Rachel; Pissarides, Christopher - C.E.P.R. Discussion Papers - 2005
We study long-run trends in aggregate market hours of work and shifts across economic sectors within the context of balanced aggregate growth. We show that a model of many goods and uneven TFP growth in market and home production can rationalize the observed falling or U-shaped aggregate hours...
Persistent link: https://www.econbiz.de/10005124281
Cover Image
National Minimum Wages, Capital Mobility and Global Economic Growth
Irmen, Andreas; Wigger, Berthold - C.E.P.R. Discussion Papers - 2002
the emergence of national unemployment due to minimum wages. Interestingly, differences in national savings propensities …
Persistent link: https://www.econbiz.de/10005124004
Cover Image
Employment and Distributional Effects of Restricting Working Time
Marimon, Ramon; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 1999
We study the emplyment and distributional effects of regulating (reducing) working time in a general equilibrium model with search-matching frictions. Job creation entails some fixed costs, but existing jobs are subject to diminishing returns. We characterize the equilibrium in the de-regulated...
Persistent link: https://www.econbiz.de/10005067610
Cover Image
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
Cover Image
The High Unemployment Trap
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992
spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment … equilibrium coexisting with a high-quits/low-unemployment equilibrium. Under weak conditions, low-unemployment equilibria Pareto … dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. …
Persistent link: https://www.econbiz.de/10005791589
Cover Image
Working-Time Regulation, Firm Heterogeneity, and Efficiency
Ortega, Javier - C.E.P.R. Discussion Papers - 2003
A labour-matching economy with ex post heterogeneous firms is presented. When bargaining over the wage, firms and workers do not know the level of product demand. Once demand is realized, hours of work are chosen. We show that the existence of a legal workweek may enhance efficiency with respect...
Persistent link: https://www.econbiz.de/10005792262
Cover Image
Increasing Returns to Education: Theory and Evidence
Booth, Alison L; Coles, Melvyn G; Gong, Xiaodong - C.E.P.R. Discussion Papers - 2007
We model educational investment and labour supply in a competitive economy with home and market production. Heterogeneous workers are assumed to have different productivities both at home and in the workplace. Following Rosen (1983), we show that there are private increasing returns to education...
Persistent link: https://www.econbiz.de/10005497970
Cover Image
The Taxation of Couples
Apps, Patricia; Rees, Ray - Research School of Economics, College of Business and … - 2007
This paper is concerned with the question of how couples should be taxed. One reason for the importance of this issue is simply that the overwhelming majority of individuals live in households formed around couples, and so it could be argued that empirically, this is the single most important...
Persistent link: https://www.econbiz.de/10004971405
Cover Image
Household Saving and Full Consumpyion Over the Life Cycle.
Apps, Patricia; Rees, Ray - Research School of Economics, College of Business and … - 2001
This paper extends the standard model of the life cycle consumption, saving and labor supply in a number of direction.
Persistent link: https://www.econbiz.de/10004977259