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The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent's early actions to the agent's later disadvantage, in a context where binding multi-period contracts are not enforceable. In a simple, context-rich environment, we experimentally...
Persistent link: https://www.econbiz.de/10003769812
This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...
Persistent link: https://www.econbiz.de/10009155050
national origin and ethnicity, and on experimental as well as survey evidence collected in France, puts this syllogism to a …. -- development ; Islam ; gender ; discrimination ; France ; experimental economics …
Persistent link: https://www.econbiz.de/10009533977
This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …
Persistent link: https://www.econbiz.de/10009312950
using firm-level data in Chile –a non-OECD member under the considered time period– and France. We rely on two extensions of …-2001 in France, we first classify 20 comparable manufacturing industries in 6 distinct regimes that differ in the type of …
Persistent link: https://www.econbiz.de/10011283103
France and Germany are two polar cases in the European debate about rising youth unemployment. Similar to what can be … observed in Southern European countries, a "lost generation" may arise in France. In stark contrast, youth unemployment has … short-term oriented policies can only have temporary effects. Ultimately, the youth unemployment disease in France and in …
Persistent link: https://www.econbiz.de/10009770651
Using a recent survey of immigrants to France, we provide a detailed analysis of the educational attainment and labor … market performance of various sub-population groups in France. Our results indicate that immigrants to France are less …
Persistent link: https://www.econbiz.de/10010498504
France posted remarkable gains in employment in the second half of the 1990s, suggesting that, beyond cyclical factors … between real wages and unemployment has improved significantly in France in the second half of the 1990s. Further calculations … suggest that long-term unemployment will decline substantially in France with respect to its average level in the 1990s if …
Persistent link: https://www.econbiz.de/10002853272
Persistent link: https://www.econbiz.de/10001784380
Persistent link: https://www.econbiz.de/10001744079