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Technological advance, social fragmentation and welfare

Bosworth, Steven; Snower, Dennis J. - 2021

This paper models the welfare consequences of social fragmentation arising from technological advance. We start from … social welfare from material prosperity. Once the share of status goods in total production exceeds a crucial threshold …, technological advance is shown to be welfare-reducing. …

Persistent link: https://www.econbiz.de/10012418627

Envy, guilt, and the Phillips curve

Ahrens, Steffen; Snower, Dennis J. - 2012

; long-run Phillips curve ; fairness ; inequity aversion …

Persistent link: https://www.econbiz.de/10009530187

Recoupling economic and social prosperity

Lima de Miranda, Katharina; Snower, Dennis J. - 2020

welfare effects of globalization and automation. The dashboard is meant to provide an empirical basis for mobilizing action in …

Persistent link: https://www.econbiz.de/10012178514

Causes of changing earnings inequality

Snower, Dennis J. - 1999

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....

Persistent link: https://www.econbiz.de/10011294713

Identity-driven cooperation versus competition

Snower, Dennis J.; Bosworth, Steven - 2016

developments have important welfare implications. …

Persistent link: https://www.econbiz.de/10011452091

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

An incentive theory of matching

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009

This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...

Persistent link: https://www.econbiz.de/10003832116

Unemployment accounts and employment incentives

Brown, Alessio J. G. (contributor); … - 2006

We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment accounts (UA) system. Under the UA system, employed people are required to make ongoing contributions to their UAs and the balances in these accounts are available to them during...

Persistent link: https://www.econbiz.de/10003387735

The macroeconomics of the labor market : three fundamental views

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

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While the frictionless view implies a clear...

Persistent link: https://www.econbiz.de/10003504689

Inflation persistence and the Phillips curve revisited

Karanassou, Marika (contributor); … - 2007

A major criticism against staggered nominal contracts is that they give rise to the so called "persistency puzzle" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly asserted that, in the context of the new Phillips...

Persistent link: https://www.econbiz.de/10003531676