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Automatic stabilizers and economic crisis : US vs. Europe
Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2009
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10003879344
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Did post-enlargement labor mobility help the EU to adjust during the Great Recession? : the case of Slovakia
Kahanec, Martin; Kureková, Lucia Mýtna - 2014
migration has served as an important adjustment mechanism in the country and more generally in the EU labor market. …
Persistent link: https://www.econbiz.de/10010364962
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Have you heard the news? : how real-life expectations react to publicity
Wiel, Karen van der - 2009
As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...
Persistent link: https://www.econbiz.de/10003824962
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How fast do wages adjust to human-capital productivity? : dynamic panel-data evidence from Belgium, Denmark and Finland
Andini, Corrado - 2009
the Mincer equation where no equality is imposed but an adjustment between observed and potential earnings is allowed to … dynamic panel-data wage equation and provide measures of the speed of adjustment in Belgium, Denmark and Finland. Further, we …-bargaining model and argue that a micro-founded model can fit the data better than a simple adjustment model but requires more …
Persistent link: https://www.econbiz.de/10003920226
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Lumpy price adjustments : a microeconometric analysis
Dhyne, Emmanuel; Fuss, Catherine; Pesaran, M. Hashem; … - 2007
necessarily associated with large adjustment costs. Indeed, extrinsic rigidity appears to be significant in many cases. We also … find that asymmetry in the price adjustment could be due to trends in marginal costs and/or desired mark-ups rather than … asymmetric cost of adjustment bands. …
Persistent link: https://www.econbiz.de/10003595347
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How do industries and firms respond to changes in local labor supply?
Dustmann, Christian; Glitz, Albrecht - 2011
distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units … supply shocks do not induce factor price changes in the tradable sector. In this sector, most of the adjustment to changes in … exit the market are an important additional channel of adjustment. Finally, we demonstrate that an industry level analysis …
Persistent link: https://www.econbiz.de/10009524993
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Schooling, family background, and adoption : is it nature or is it nurture?
Plug, Erik J. S.; Vijverberg, Wim P. M. - 2001
When parents are more educated, their children tend to receive more schooling as well. Does this occur because parental ability is passed on genetically or because more educated parents provide a better environment for children to flourish? Using an intergenerational sample of families, we...
Persistent link: https://www.econbiz.de/10011339672
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Time limits : the effects on welfare use and other consumption-smoothing mechanisms
Mazzolari, Francesca; Ragusa, Giuseppe - 2012
We use data from the Survey of Income and Program Participation covering the period 1989-2006 to investigate the impact that time limits on receipt of Temporary Assistance for Needy Families have on female-headed family outcomes, including welfare use, employment and living arrangements. The...
Persistent link: https://www.econbiz.de/10009665634
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Rural households in a changing climate
Baez, Javier E.; Kronick, Dorothy; Mason, Andrew D. - 2012
This paper argues that climate change poses two distinct, if related, sets of challenges for poor rural households: challenges related to the increasing frequency and severity of weather shocks and challenges related to long-term shifts in temperature, rainfall patterns, water availability, and...
Persistent link: https://www.econbiz.de/10009629134
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Occupational adjustment of immigrants
Zorlu, Aslan - 2011
This paper examines the speed of the occupational adjustment of immigrants using Labour Force Surveys 2004 and 2005 … initial disadvantage and the rate of adjustment vary across immigrant groups according to the transferability of skills … mobility. Most notably, Turks and Moroccans face the greatest initial dip and achieve the highest rate of adjustment while the …
Persistent link: https://www.econbiz.de/10009521185