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Labour Market Counter-Reforms in OECD Countries: Conditional Impact on Output and Employment Growth
Wiese, Rasmus; Jalles, Joåo Tovar; de Haan, Jakob - 2024
This paper empirically examines the impact of labour market counter-reforms on real GDP per capita and employment … employment protection legislation (EPL), which we further split into counter-reforms for regular and temporary workers, and …
Persistent link: https://www.econbiz.de/10015047294
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The Impact of Product and Labour Market Reform on Growth: Evidence for OECD Countries Based on Local Projections
de Haan, Jakob; Wiese, Rasmus - 2020
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012269463
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Structural Reforms and Income Distribution: New Evidence for OECD Countries
Wiese, Rasmus; Jalles, João Tovar; de Haan, Jakob - 2023
This paper examines the impact of labour market and product market reforms on income inequality for 25 OECD countries, using the local projections approach and updates of the reform indicators put together by Duval et al. (2018) until 2020. Our results suggest that both types of (endogenized)...
Persistent link: https://www.econbiz.de/10014290124
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The Impact of Product and Labour Market Reform on Growth : Evidence for OECD Countries Based on Local Projections
de Haan, Jakob - 2020
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012829322
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Structural Reforms and Income Distribution : New Evidence for OECD Countries
Wiese, Rasmus; Jalles, João Tovar; de Haan, Jakob - 2023
This paper examines the impact of labour market and product market reforms on income inequality for 25 OECD countries, using the local projections approach and updates of the reform indicators put together by Duval et al. (2018) until 2020. Our results suggest that both types of (endogenized)...
Persistent link: https://www.econbiz.de/10014262698
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Automation, Economic Growth, and the Labor Share - A Comment on Prettner (2019)
Heer, Burkhard - 2019
Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the … Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital …. Traditional capital and labor are imperfect substitutes whereas automation capital and labor are perfect substitutes. In this …
Persistent link: https://www.econbiz.de/10012866317
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Automation, Growth, and Factor Shares in the Era of Population Aging
Irmen, Andreas - 2021
processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform … and substitute for labor in the performance of tasks. Automation is labor-augmenting in the reduced-form aggregate … though the aggregate production function is Cobb-Douglas. Population aging due to a higher longevity reduces automation in …
Persistent link: https://www.econbiz.de/10013218295
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Explaining the Decline in the US Labor Share : Taxation and Automation
Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022
change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth … shares and in automation capital. Second, we analyse and calibrate a neoclassical growth model extended to include factor … taxation, automation capital, and capital adjustment costs. Labor and automation capital are perfect substitutes whereas labor …
Persistent link: https://www.econbiz.de/10014082792
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Automation, Economic Growth, and the Labor Share - A Comment on Prettner (2019) -
Heer, Burkhard; Irmen, Andreas - 2019
Prettner (2019) studies the implications of automation for economic growth and the labor share in a variant of the … Solow-Swan model. The aggregate production function allows for two types of capital, traditional and automation capital …. Traditional capital and labor are imperfect substitutes whereas automation capital and labor are perfect substitutes. In this …
Persistent link: https://www.econbiz.de/10012052836
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Automation, Growth, and Factor Shares in the Era of Population Aging
Irmen, Andreas - 2021
processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform … and substitute for labor in the performance of tasks. Automation is labor-augmenting in the reduced-form aggregate … though the aggregate production function is Cobb-Douglas. Population aging due to a higher longevity reduces automation in …
Persistent link: https://www.econbiz.de/10012657899