Showing 1 - 10 of 307
involuntary unemployment and by allowing for labour taxation as a second source of public funds. For a large class of production …
Persistent link: https://www.econbiz.de/10013143564
This article examines unemployment disparities and efficiency in a densely populated economy with two job centers and … changes in the workforce distribution have non-negligible effects on unemployment rates, wages, and net output, but cannot be …
Persistent link: https://www.econbiz.de/10013014200
This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the … UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate …. Specifically, when taking a univariate approach, the unit root null cannot be rejected in case of the UK and Japanese unemployment …
Persistent link: https://www.econbiz.de/10013060039
Combining a spatial equilibrium model with a matching unemployment model, this paper analyzes the regional quality of … life when wages, rents, and unemployment risk compensate for local amenities and disamenities. In particular, the paper … shows for quasi-linear utility that the effects of any amenity on wages and unemployment rates are of opposite sign …
Persistent link: https://www.econbiz.de/10013315917
We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks' health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...
Persistent link: https://www.econbiz.de/10013060983
In a multi-country general equilibrium economy with mobile capital and rigid-wage unemployment, countries may differ in … conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases …
Persistent link: https://www.econbiz.de/10013150802
The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...
Persistent link: https://www.econbiz.de/10012835193
We study the subsidization of extra jobs in a general equilibrium framework. While the previous literature focuses on symmetric marginal employment subsidies where firms are rewarded when they increase employment but punished when they reduce their workforce, we consider an asymmetric scheme...
Persistent link: https://www.econbiz.de/10013316797
This paper sets up a general equilibrium model, in which firms are heterogeneous due to productivity differences and workers have fairness preferences and hence provide full effort only if their factor return is sufficiently high. With the wage considered to be fair by workers depending on the...
Persistent link: https://www.econbiz.de/10013155424
This paper contributes to the analysis of central vs. decentral (firm-level) labour market negotiations. We argue that during negotiations on a central scale employers and employees plausibly take output market effects into account, while they behave competitively during firm-level negotiations....
Persistent link: https://www.econbiz.de/10013072513