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the share of the outsourced workforce is not too large, this wage moderation effect on domestic employment outweighs the … direct substitution effect so that domestic employment increases in unionized firms as outsourcing costs fall. This does not … for employment. However, except for low outsourcing activities, the impact of these policy measures will become smaller as …
Persistent link: https://www.econbiz.de/10012770785
Addressing extensive labour supply responses, the literature has established a case for larger transfers to the working poor than to even poorer non-working people. This paper casts new light on this result. I argue that the result hinges crucially on the labour supply responses of people in...
Persistent link: https://www.econbiz.de/10013315855
Households in some European countries increased their indebtedness massively over the past 20 years. Besides household debt, also government debt and corporate debt are in some countries at levels not seen before. While there is a common agreement that these high debt levels are not sustainable...
Persistent link: https://www.econbiz.de/10013090255
The ifo Investment Survey asks firms in the German manufacturing sector about the importance of sales, technological factors, finance, return expectations, and macroeconomic policy for their investment activity in a given year. We show that these subjective investment determinants 1) capture...
Persistent link: https://www.econbiz.de/10013315790
-specific foreign output variable to capture direct inter-country linkages. In accord with the theory all variables are measured as … restrictions implied by the NK theory. The multi-country DSGE NK model is then solved to provide estimates of identified supply …
Persistent link: https://www.econbiz.de/10013094653
collective bargaining, minimum wages, employment protection laws, unemployment insurance (UI), mandated parental leave, and …
Persistent link: https://www.econbiz.de/10013139655
The paper studies wage and employment determination in the Swedish business sector from the mid-1910s to the late 1930s … percent. We examine whether relatively standard wage and employment equations can account for the volatile economic … demand equations suggest that cuts in working time may have slightly increased employment as firms substituted workers for …
Persistent link: https://www.econbiz.de/10013107065
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10013092691
We study the global diffusion of culture through multinationals, focusing on gender norms. Using data on manufacturing firms in China over 2004-2007, we find that foreign affiliates from countries with a more gender-equal culture tend to employ proportionally more women and appoint female...
Persistent link: https://www.econbiz.de/10012962989
provisions combined with collective financing via taxes. However, a high employment rate is needed to ensure financial viability … employment ratio, namely, demographic changes, a growth dilemma and globalization. This paper discusses how these challenges …
Persistent link: https://www.econbiz.de/10012777727