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How are wages set in an open economy? What role is played by demand pressure, international competition, and structural factors in the labour market? How important is nominal wage rigidity and exchange rate policy for the evolution of real wages and competitiveness? To answer these questions, we...
Persistent link: https://www.econbiz.de/10012754391
This paper discusses trends in capital taxation and the role of the corporate tax rate in a welfare state. It provides a summary of the tax competition literature with special application to capital taxation in small versus large countries. A main finding from this literature is that small...
Persistent link: https://www.econbiz.de/10013009890
Focusing in particular on upper secondary education, this paper examines whether the relatively high level of expenditure on education in the Nordic countries is matched by high output from the educational sector, both in terms of student enrolment and indicators of output quality in the form of...
Persistent link: https://www.econbiz.de/10013013696
Scandinavian countries are often portrayed in policy debates as model examples having shown how to square concerns for efficiency and equity. The core principle of the Scandinavian welfare model is an individual entitlement to public sector provisions combined with collective financing via...
Persistent link: https://www.econbiz.de/10012777727
The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international efforts to coordinate and converge on such policies, national policy advice and resolution practices differ. The resolution methods adopted in the Nordic banking crises in the...
Persistent link: https://www.econbiz.de/10013095558
In this paper we investigate how fertility decisions respond to unexpected career interruptions which occur as a … displacement reduces average fertility by 5 to 10% in both the short and medium term (3 and 6 years) and that these effects are … reduction in fertility is not due to the income loss generated by unemployment but arises because displaced workers undergo a …
Persistent link: https://www.econbiz.de/10012751676
unmarried women, thereby delaying female marriage, lowering fertility, and unleashing economic growth. We show that this …
Persistent link: https://www.econbiz.de/10012916356
We use duration models on a well-known historical dataset of more than 15,000 families and 60,000 births in England for the period 1540–1850 to show that the sampled families adjusted the timing of their births in accordance with the economic conditions as well as their stock of dependent...
Persistent link: https://www.econbiz.de/10012977554
generations. It focuses particularly on labor supply but, for the second generation, also examines fertility and education …
Persistent link: https://www.econbiz.de/10013009865
We ask whether the birthplaces of Italian members of Parliament are favoured in the allocation of central government transfers. Using a panel of municipalities for the years between 1994 and 2006, we find that municipal governments of legislators' birth towns receive larger transfers per capita....
Persistent link: https://www.econbiz.de/10013012291