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Hours worked in Europe and the US : new data, new answers
Bick, Alexander; Brüggemann, Bettina; … - 2016
Western Europe, but by lower employment rates in Eastern and Southern Europe. …
Persistent link: https://www.econbiz.de/10011524624
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Noncompliance and the effects of the minimum wage on hours and welfare in competitive labor markets
Danziger, Leif - 2009
This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation and instead pay a lower subminimum wage rate. If...
Persistent link: https://www.econbiz.de/10003887172
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Why do Europeans work less than Americans? : public consumption and welfare benefits as a cause of the North-Atlantic divide
Hall, Axel; Gylfi Zoega - 2015
We propose an explanation of why Europeans choose to work fewer hours than Americans and also suffer higher rates of unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries reduce, ceteris paribus, the gains from being...
Persistent link: https://www.econbiz.de/10010496985
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Social capital and collusion : the case of merchant guilds
Dessí, Roberta; Olgivie, Sheilagh - 2003
Merchant guilds have been portrayed as social networks that generated beneficial social capital by sustaining shared norms, effectively transmitting information, and successfully undertaking collective action. This social capital, it is claimed, benefited society as a whole by enabling rulers to...
Persistent link: https://www.econbiz.de/10011509466
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Labor supply shocks and capital accumulation : the short and long run effects of the refugee crisis in Europe
Caliendo, Lorenzo; Opromolla, Luca David; Parro, Fernando; … - 2023
, and endogenous capital accumulation. We find that real GDP increases in Europe in the long term, with large distributional …
Persistent link: https://www.econbiz.de/10013502698
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Efficiency, fairness, and social cohesion in Europe and the United States : incomes, hours of work, and equality with an afterhought on Iceland
Thorvaldur Gylfason - 2016
on efficiency and fairness, including deep respect for human rights, holds the key to Europe's economic and social … income) places Europe ahead of the United States. Further, adjustments for education attainment and public health, as made by … the United Nations Human Development Index, similarly favor Europe vis-à-vis the US. While expansion fatigue has …
Persistent link: https://www.econbiz.de/10011517905
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Persistence and cycles in US hours worked
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2012
This paper analyses monthly hours worked in the US over the sample period 1939m1 - 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterised by autocorrelations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is...
Persistent link: https://www.econbiz.de/10009514773
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Dynamically optimal R&D subsidization
Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - 2010
Previous research on optimal R&D subsidies has focussed on the long run. This paper characterizes the optimal time path of R&D subsidization in a semi-endogenous growth model, by exploiting a recently developed numerical method. Starting from the steady state under current R&D subsidization in...
Persistent link: https://www.econbiz.de/10003998059
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Public education expenditure, growth and welfare
Angelopoulos, Konstantinos (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003498827
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Fiscal incidence when both individual welfare and family structure matter : the case of subsidization of home-care for the elderly
Mou, Haizhen; Winer, Stanley L. - 2012
How should we construct incidence indexes for children and parents in the case of public subsidies for home-care of the elderly? What is the nature of a fiscal incidence index on a budgetary basis versus a theoretically more satisfactory index that is welfare-based? Can we find budgetary based...
Persistent link: https://www.econbiz.de/10009488846