Showing 1 - 10 of 335
Denmark has drawn much attention for its active labor market policies, but is almost unique in offering a voluntary … public unemployment insurance program requiring a significant premium payment. A safety net program--a less generous, means …
Persistent link: https://www.econbiz.de/10010475335
Persistent link: https://www.econbiz.de/10003599487
The Danish labour market has undergone a remarkable change during the 1990s with a reduction of the unemployment rate … unemployment insurance system. This paper offers an overview of the developments in the Danish labour market during the 1990s, and … reviews the major policy shifts, as well as possible explanations of the remarkable reduction in unemployment. …
Persistent link: https://www.econbiz.de/10011507864
This paper uses a model of trade in vertically differentiated products to examine the effects of excessive wage increases (i.e. above productivity) on the volume of commodity imports. The model predicts that for commodities, in which the country has comparative advantage in high quality...
Persistent link: https://www.econbiz.de/10011398637
We estimate growth rates of real incomes in the U.S. by quintiles using the Congressional Budget Office’s (CBO) post-tax, post-transfer data as basis for the period 1979-2011. We improve upon them by including only the present value of earnings that will accrue in retirement and excluding...
Persistent link: https://www.econbiz.de/10011458031
We provide a long-term perspective on the individual retirement behaviour and on the future of retirement. In a Markovian political economic theoretical framework, in which incentives to retire early are embedded, we derive a political equilibrium with positive social security contribution rates...
Persistent link: https://www.econbiz.de/10003202874
The Alchian-Allen substitution theorem states that an increase of the prices of two similar goods by the same amount leads to a relative increase in the compensated demand of the more expensive good. In this paper we generalize this theorem to ordinary demand functions and show under which...
Persistent link: https://www.econbiz.de/10009655176
We provide evidence that lower fertility can simultaneously increase income per capita and lower carbon emissions, eliminating a trade-off central to most policies aimed at slowing global climate change. We estimate the effect of lower fertility on carbon emissions accounting for the fact that...
Persistent link: https://www.econbiz.de/10011569606
The transmission of oil price shocks has been a question of central interest in macroeconomics since the 1970s. There has been renewed interest in this question after the large and persistent fall in the real price of oil in 2014-16. In the context of this debate, Ramey (2017) makes the striking...
Persistent link: https://www.econbiz.de/10011611970
Why are average hours worked per adult lower in rich countries than in poor countries? We consider two natural explanations: income effects in preferences, in which leisure becomes more valuable when income rises, and distortionary tax systems, which are more prevalent in richer countries. To...
Persistent link: https://www.econbiz.de/10012211038