Showing 1 - 10 of 2,547
A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor …
Persistent link: https://www.econbiz.de/10012892207
We consider positive and normative aspects of subsidizing work arrangements where subsidies are paid in time of low demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases labor demand. Tightening eligibility to short-time work...
Persistent link: https://www.econbiz.de/10012892292
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
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal. …
Persistent link: https://www.econbiz.de/10010317059
The current unemployment insurance and employment protection legislation were set up in an environment in which …
Persistent link: https://www.econbiz.de/10010276983
We discuss the effect of formal political institutions (electoral systems, fiscal decentralization, presidential and parliamentary regimes) on the extent and direction of income (re-) distribution. Empirical evidence is presented for a large sample of 70 economies and a panel of 13 OECD...
Persistent link: https://www.econbiz.de/10010323017
We show that culture and diversity strongly influence welfare systems around the globe. To disentangle culture from institutions, we employ regional instruments as well as data on the prevalence of the pathogen Toxoplasma Gondii, linguistic differences, and the frequency of blood types. The...
Persistent link: https://www.econbiz.de/10011794195
relationship between globalization and inequality. We conclude that institutions providing income insurance and education, which …
Persistent link: https://www.econbiz.de/10011794198
We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
Persistent link: https://www.econbiz.de/10012657909
We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
Persistent link: https://www.econbiz.de/10013218286