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Labor market institutions, wages, and investment

Pischke, Jörn-Steffen - 2004

Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...

Persistent link: https://www.econbiz.de/10010276167

Outsourcing of unionized firms and the impacts of labour market policy reforms /

Koskela, Erkki; Schöb, Ronnie - 2008

the share of the outsourced workforce is not too large, this wage-moderation effect on domestic employment outweighs the … direct substitution effect so that domestic employment increases in unionized firms as outsourcing costs fall. This does not … for employment. However, except for low outsourcing activities, the impact of these policy measures will become smaller as …

Persistent link: https://www.econbiz.de/10010264407

Product market competition, investment and employment-abundant versus job-poor growth : a real options perspective

Chen, Yu-Fu; Funke, Michael - 2005

The role of product market reforms in achieving the objective of higher employment and growth has recently received …

Persistent link: https://www.econbiz.de/10010271923

Subsidies for wages and infrastructure: how to restrain undesired immigration

Fenge, Robert; Meier, Volker - 2006

This paper investigates regional or international transfers as a means to prevent immigration into unemployment. We analyze a two-country model with free migration in which the rich country is characterized by minimum wage unemployment. Matching grants for investment in infrastructure are...

Persistent link: https://www.econbiz.de/10010263931

Reforming the taxation of multijurisdictional enterprises in Europe: a tentative appraisal

Gérard, Marcel - 2006

In 2001, the European Commission proposed replacing the current system of taxation of multinational companies by the taxation of a consolidated base, computed at the level of all the European entities of a multijurisdictional enterprise, and then distributed for taxation purposes between the...

Persistent link: https://www.econbiz.de/10010263975

Preferential tax regimes with asymmetric countries

Bucovetsky, Sam; Haufler, Andreas - 2006

Current policy initiatives taken by the EU and the OECD aim at abolishing preferential corporate tax regimes. This note extends Keen's (2001) analysis of symmetric capital tax competition under preferential (or discriminatory) and non-discriminatory tax regimes to allow for countries of...

Persistent link: https://www.econbiz.de/10010264016

Reforming the taxation of multijurisdictional enterprises in Europe: coopetition in a bottom-up federation

Gérard, Marcel - 2006

This paper investigates replacing separate taxation by consolidation and formulary apportionment in a Bottom-up Federation, when a multijurisdictional firm is mobile in various respects. The reform is decided cooperatively by all the jurisdictions or by some of them, while tax rates remain...

Persistent link: https://www.econbiz.de/10010264028

The price puzzle revisited: can the cost channel explain a rise in inflation after a monetary policy shock?

Henzel, Steffen; Hülsewig, Oliver; Mayer, Eric; … - 2007

This paper explores whether the cost channel solves the price puzzle. We set-up a New Keynesian DSGE model and estimate it for the euro area by adopting a minimum distance approach. Our findings suggest that - under certain parameter restrictions which are not rejected by the data - the cost...

Persistent link: https://www.econbiz.de/10010264162

Tax competition with formula apportionment: the interaction between tax base and sharing mechanism

Kolmar, Martin; Wagener, Andreas - 2007

The EU Commission is advocating a common consolidated tax base for the corporate income tax, accompanied by a revenue sharing mechanism based on formula apportionment. We analyse tax competition in such a regime, focussing on the interaction between the definition of the tax base and the...

Persistent link: https://www.econbiz.de/10010264209

What do we really know about fiscal sustainability in the EU?: a panel data diagnostic

Afonso, António; Rault, Christophe - 2008

We assess the sustainability of public finances in the EU15 using stationarity and cointegration analysis. Specifically, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also apply modern panel cointegration techniques developed by...

Persistent link: https://www.econbiz.de/10010264310