Showing 1 - 10 of 2,216
We revisit UK’s poor productivity performance since the Great Recession by means of both a suitable theoretical framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes over time, and distinguish between quantity total factor...
Persistent link: https://www.econbiz.de/10013314807
wages. We estimate a negative connection between establishments’ wage cyclicality and their employment cyclicality, thereby …
Persistent link: https://www.econbiz.de/10013212779
The labor market effects of pension reform stem from retirement behavior and from job search and hours worked of prime age workers. This paper investigates the impact of four often proposed policy measures for sustainable pensions: strengthening the tax benefit link, moving from wage to price...
Persistent link: https://www.econbiz.de/10013316657
Households in some European countries increased their indebtedness massively over the past 20 years. Besides household debt, also government debt and corporate debt are in some countries at levels not seen before. While there is a common agreement that these high debt levels are not sustainable...
Persistent link: https://www.econbiz.de/10010288228
Since the recovery from the great financial crisis in 2010, global real trade flows grew much slower than pre-crisis, in both absolute terms (growth rates) and relative terms (relative to GDP, from 2:1 in the great 1990’s to 1:1 since 2012) A debate has arisen as to whether this global trade...
Persistent link: https://www.econbiz.de/10012908674
We study optimal monetary policy during temporary supply contractions when aggregate demand has inertia and expansionary policy is constrained. In this environment, it is optimal to run the economy hot until supply recovers. Positive output gaps in the low-supply phase lessen the negative output...
Persistent link: https://www.econbiz.de/10013282457
We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower … aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation …
Persistent link: https://www.econbiz.de/10012836950
and find that a ten-percentage-point increase in the initial conational share lowers employment rates by 3.1 percentage … effect on wages conditional on employment. The employment effect appears to be due to the effect of differences in the …
Persistent link: https://www.econbiz.de/10014077338
We study the effect of childbirth on local and non-local employment dynamics for both men and women using Belgian … show that 75 percent of the effect of the birth of a first child on the overall gender gap in employment is accounted for … by gender disparities in non-local employment, with mothers being more likely to give up non-local employment compared to …
Persistent link: https://www.econbiz.de/10014082168
employment-to-population ratio among prime-age US women declines by 1.1 percentage points, whereas male employment rises; women … lapses in implicit childcare−provide a unifying explanation for these patterns. The summer drop in female employment aligns … and gender differences within jobs in the propensity to exit employment over the summer. Summer childcare constraints may …
Persistent link: https://www.econbiz.de/10014082239