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Phillips curves and unemployment dynamics : a critique and a holistic perspective

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2006

"The conventional wisdom that inflation and unemployment are unrelated in the long-run implies that these phenomena can be analysed by separate branches of economics. The macro literature tries to explain inflation dynamics and estimates the NAIRU. The labour macro literature tries to explain...

Persistent link: https://www.econbiz.de/10003359297

Capitalism recoupled

Kelly, Colm; Snower, Dennis J. - 2021

This paper examines major forces that have decoupled economic and business prosperity from social prosperity and explores how recoupling can be promoted. Economists have specified well-known conditions under which free market enterprise with shareholder value maximization is efficient. These...

Persistent link: https://www.econbiz.de/10012583534

Can insider power affect employment?

Díaz-Vázquez, Pilar; Snower, Dennis J. - 2002

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....

Persistent link: https://www.econbiz.de/10011411604

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...

Persistent link: https://www.econbiz.de/10011412072

From unemployment benefits to unemployment accounts

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

We explore the implications of replacing current unemployment benefit (UB) systems by unemployment accounts (UA). Under the UA system, employed people would be required to make ongoing contributions to their unemployment accounts, and the balances in these accounts would then be available to...

Persistent link: https://www.econbiz.de/10011412084

Incapacity benefits and employment policy

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

The paper explores the employment implications of allowing people the opportunity of using a portion of their incapacity benefits to provide employment vouchers for employers that hire them. The analysis indicates that introducing this policy could increase employment, raise the incomes of...

Persistent link: https://www.econbiz.de/10011412088

The insider-outsider theory : a survey

Lindbeck, Assar; Snower, Dennis J. - 2002

This article is an idiosyncratic survey of the insider-outsider theory, describing the vision underlying the theory … been dead-ends and red herrings in past research. The first section deals with the theory, concerning how labor turnover … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …

Persistent link: https://www.econbiz.de/10011412195

Wage determination and the sources of bargaining power

Manzini, Paola; Snower, Dennis J. - 2002

the bargaining process itself. This approach leads to a new theory of wage determination. …

Persistent link: https://www.econbiz.de/10011412236

Pension taxes versus early retirement rights

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

This paper deals with two policy approaches to address the problem of the "pensions time bomb" by influencing private-sector pension provision. In assessing the role of private-sector pensions, it is common to concentrate exclusively on the issue of whether early retirement penalties or late...

Persistent link: https://www.econbiz.de/10011412356

Unemployment vouchers versus low-wage subsidies

Orszag, Jonathan Michael; Snower, Dennis J. - 2002

The paper examines the relative effectiveness of two policy proposals in reducing unemployment and working poverty: unemployment vouchers and low-wage subsidies. The unemployment vouchers are targeted exclusively at the unemployed (especially the longterm unemployed) and are provided only for a...

Persistent link: https://www.econbiz.de/10011412368