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Will Markets Provide Humane Jobs? A Hypothesis
Nekoei, Arash - 2022
Most of the key amenities of our today jobs did not emerge in private contracts; instead, they appeared in collective agreements and regulations. I argue that understanding this observation can guide the provision of future amenities. I show that markets underprovide an amenity if workers who...
Persistent link: https://www.econbiz.de/10013307213
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Shocks, Frictions, and Inequality in US Business Cycles
Bayer, Christian - 2020
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...
Persistent link: https://www.econbiz.de/10012841741
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Will Destination-Based Taxes Be Fully Exploited When Available? An Application to the U.S. Commodity Tax System
Agrawal, David R. - 2019
-level policies that increase tax avoidance opportunities, the results of the empirical model broadly confirm our theory …
Persistent link: https://www.econbiz.de/10012892221
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Non-Linearities and Persistence in US Long-Run Interest Rates
Caporale, Guglielmo Maria; Gil-Alana, Luis A.; … - 2021
This note examines the stochastic behaviour of US monthly 10-year government bond yields. Specifically, it estimates a fractional integration model suitable to capture both persistence and non-linearities, these being two important properties of interest rates. Two series are analysed, one from...
Persistent link: https://www.econbiz.de/10013314848
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The Short and the Long of it : Stock-Flow Matching in the US Housing Market
Smith, Eric; Xie, Zoe; Fang, Lei - 2022
This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells declines sharply after listing for two weeks....
Persistent link: https://www.econbiz.de/10014243085
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Asset Diversification Versus Climate Action
Hambel, Christoph - 2020
. In the longer run, however, a trade-off between diversification and climate action emerges. We derive the optimal carbon …
Persistent link: https://www.econbiz.de/10012825992
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Does Energy Diversification Cause an Economic Slowdown? Evidence from a Newly Constructed Energy Diversification Index
Gozgor, Giray; Paramati, Sudharshan Reddy - 2021
system. Given this backdrop, this study introduces a new measure of energy diversification. It explores its impact on … economic growth with increasing long-run energy diversification. However, some countries (OECD and G20) experience negative … economic growth due to energy diversification in the short term. The results also disclosed that energy diversification does …
Persistent link: https://www.econbiz.de/10013215675
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Strikes, Employee Workplace Representation, Unionism, and Industrial Relations Quality in European Establishments
Addison, John T. - 2019
Using cross-country data, this paper investigates the relationship between workplace representation and strikes. Works councils are associated with reduced strike activity. However, where union members make up a majority of works councillors, such union-dominated councils experience greater...
Persistent link: https://www.econbiz.de/10012892227
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Pledge-and-Review Bargaining
Harstad, Bård - 2019
Real-world negotiations differ fundamentally from existing bargaining theory. Inspired by the Paris Agreement on …
Persistent link: https://www.econbiz.de/10012892276
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Trade Exposure and the Decline in Collective Bargaining : Evidence from Germany
Baumgarten, Daniel - 2019
We analyze the effect of the increase in trade exposure induced by the rise of China and the transformation of Eastern Europe on collective bargaining coverage of German plants in the period 1996--2008. We exploit cross-industry variation in trade exposure and use trade flows of other...
Persistent link: https://www.econbiz.de/10012865917