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Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....
Persistent link: https://www.econbiz.de/10013006606
setting, we study the trade and welfare implications of labor market deregulation and compare these implications with the … consequences of product market deregulation. Thereby, we take into account that labor market reforms are subject to national policy … decisions and thus associated with unilateral intervention, while product market deregulation is determined at an international …
Persistent link: https://www.econbiz.de/10013119394
This paper examines the role of both cost-sharing schemes in health insurance systems and entry regulation for … deregulation may lead to quality-improvements of pharmaceuticals, despite reducing price-setting power of pharmaceutical companies …
Persistent link: https://www.econbiz.de/10013125326
contrasting effects of deregulation on training. With a given number of firms, deregulation reduces the size of rents per unit of … deregulation increases training incidence …
Persistent link: https://www.econbiz.de/10013316253
The pay-as-you-go social security system, which suffers from dwindling labor force, can benefit from immigrants with birth rates that exceed the native-born birth rates in the host country. Thus, a social security system provides effectively an incentive to liberalize migration policy. The paper...
Persistent link: https://www.econbiz.de/10013316373
consider improvements to market design and regulation as these two energy markets become increasingly interlinked …
Persistent link: https://www.econbiz.de/10012943388
Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the … investigate the relationship between financial market regulation and current account balances, an area for which limited empirical … current account balance. In contrast, bank privatization and securities market deregulation tend to raise current account …
Persistent link: https://www.econbiz.de/10013043215
This paper explores the impact of airport noise regulation on airline service quality and airfares. It also … investigation into the economics of airport noise regulation using a model where the interests of the key relevant stakeholders are …
Persistent link: https://www.econbiz.de/10013317378
A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a decision problem. As any paternalism, it faces the difficulty of determining the appropriate welfare criterion. We propose a welfare-theoretic foundation for nudging similar in...
Persistent link: https://www.econbiz.de/10013023118
This paper studies the role of governments and its link to trust. We argue that the public's trust strongly depends on governments delivering on their core tasks in a market economy. In some economies, a neglect of core tasks can be observed and there seems to be some erosion, notably in terms...
Persistent link: https://www.econbiz.de/10012916570