Similar Search Results

Equilibrium unemployment and capital intensity under product and labor market imperfections

Kauppi, Heikki; Koskela, Erkki; Stenbacka, Rune - 2004

We study the implications of product and labor market imperfections for equilibrium unemployment under both exogenous … equilibrium unemployment. The relationship between the long-run unemployment and the intensity of product market competition is … long-run equilibrium unemployment is an increasing function of product market imperfections when the elasticity exceeds …

Persistent link: https://www.econbiz.de/10010261119

Deep Dynamics

Gottfries, Nils; Mickelsson, Glenn; Stadin, Karolina - 2021

How do firms adjust their output, inventories, employment and capital in response to demandside shocks? To understand this, we estimate a reduced-form model using firm-level panel data and we construct a theoretical model that can match the estimated impulse-response functions. A combination of...

Persistent link: https://www.econbiz.de/10013246916

On the Interaction between Minimum Wage Adoption and Fiscal Redistribution : A Theoretical and Empirical Investigation

Economides, George - 2020

We explain the public's support for the minimum wage (MW) institution despite economists' warnings that the MW is a "blunt instrument" for redistribution. To do so we build a model in which workers are heterogeneous in ability, and the government engages in redistribution through the public...

Persistent link: https://www.econbiz.de/10012830996

Macroeconomic Policy Lessons for Greece from the Debt Crisis

Economides, George; Papageorgiou, Dimitris; … - 2020

This paper first searches for the drivers of the Greek depression in the aftermath of the 2007-8 global crisis and in turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our simulations show that the adopted adjustment program (namely, the...

Persistent link: https://www.econbiz.de/10012207953

Optimal redistributive taxation and provision of public input goods in an economy with outsourcing and unemployment

Aronsson, Thomas; Koskela, Erkki - 2008

taxation. In addition, the appearance of equilibrium unemployment also provides an incentive for the government to directly tax …

Persistent link: https://www.econbiz.de/10010264504

The Un-Intended Convergence: How the Finnish Unemployment Reached the European Level

Koskela, Erkki; Uusitalo, Roope - 2003

this unforeseen increase in unemployment. We then discuss the role of labour market institutions in the adjustment process … that has brought unemployment back to normal' levels. We argue that these institutions cannot be blamed for the increase in … unemployment, but that more flexible institutions could have lead to a more rapid decline in unemployment. …

Persistent link: https://www.econbiz.de/10010315661

Wage formation and the persistency of unemployment

Gottfries, Nils; Horn, Henrik - 1986

Persistent link: https://www.econbiz.de/10013452051

Seniority rules and the persistence of unemployment in a dynamic optimizing model

Drazen, Allan; Gottfries, Nils - 1987

Persistent link: https://www.econbiz.de/10013359455

Discrimination and open unemployment in a segmented labour market

Gottfries, Nils - 1990

Persistent link: https://www.econbiz.de/10013359652