Showing 1 - 10 of 314
This paper evaluates the impact of public employment on private sector activity using the relocation of the German … empirical analysis, we develop a simple economic geography model in which public sector employment in a city can crowd out … private employment through higher wages and house prices, but also generates potential productivity and amenity spillovers. We …
Persistent link: https://www.econbiz.de/10012925280
To evaluate pension reforms in public services, we put forward a simple criterion, the actuarial cost of a worker, per year of service. This measure of cost is the expected, discounted sum of net real wages and pension benefits, earned by a worker over his entire life cycle, divided by the...
Persistent link: https://www.econbiz.de/10013315540
We investigate whether public and private sector employees differ in terms of public service motivation using a representative sample of elderly workers from 12 European countries. We find that public sector workers, both those currently employed and those already retired, are significantly more...
Persistent link: https://www.econbiz.de/10011120473
This paper characterizes efficient labor-market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...
Persistent link: https://www.econbiz.de/10013017376
This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey decentralized equilibrium, labor market volatility is inefficient. Keeping fixed the structural parameters, the Ramsey government achieves efficient labor market...
Persistent link: https://www.econbiz.de/10012912678
explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate … of employment growth to TFP shocks estimated from Census data induce significant skewness, movements in volatility and …
Persistent link: https://www.econbiz.de/10012956881
, measured in childhood, differentially predict the likelihood of employment for adult Norwegian men and women. Drawing on …
Persistent link: https://www.econbiz.de/10013315679
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …
Persistent link: https://www.econbiz.de/10010877633
By how much does an increase in operating effectiveness of a public employment agency (PEA) and a reduction of …
Persistent link: https://www.econbiz.de/10013015328
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