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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 … and we show that higher minimum wage can raise aggregate employment. Expansion in the non-traded sector following a wage …
Persistent link: https://www.econbiz.de/10012835193
symmetric marginal employment subsidies where firms are rewarded when they increase employment but punished when they reduce … their workforce, we consider an asymmetric scheme that only rewards employment expansion. This changes the incidence … employment and welfare. For moderate subsidy rates, all unions prefer to restrain their wage claims. At sufficiently high subsidy …
Persistent link: https://www.econbiz.de/10013316797
Evidence for the United States suggests balanced growth despite falling investment-good prices and less than unitary elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa's theorem to show that introducing human capital...
Persistent link: https://www.econbiz.de/10012996335
Canada-US regional data, we structurally estimate the model and simulate the impacts of removing all trade barriers generated … by the Canada-US border. We find that Canadian average labor productivity increases by 8.03%, whereas US average labor …
Persistent link: https://www.econbiz.de/10013097109
performance. Our analysis has two special features. First, apart from the two labour market states – employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in … interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market …
Persistent link: https://www.econbiz.de/10013051614
analyze transitions of workers between unemployment, regular employment and employment accompanied by welfare receipt. Working …. Our findings allow us to draw cautious conclusions on employment subsidies paid as welfare benefits …
Persistent link: https://www.econbiz.de/10012984507
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being … force behind both recent reductions in U.S. manufacturing employment and — through input-output linkages and other general …
Persistent link: https://www.econbiz.de/10013021701
between internal migration and regional variation in the generosity of Canada's unemployment insurance system. It has long … patterns in Canada in a substantial manner …
Persistent link: https://www.econbiz.de/10013124105
While prior literature has identified various effects of environmental policy, this note uses the example of a proposed carbon permit system to illustrate and discuss six different types of distributional effects: (1) higher prices of carbon-intensive products, (2) changes in relative returns to...
Persistent link: https://www.econbiz.de/10013131355