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relaxing the equity-efficiency trade-off. The optimal pattern exhibits higher levels of public employment in low productivity … of European regions from 1995-2007, we find evidence that public employment is systematically higher in low productivity …
Persistent link: https://www.econbiz.de/10009534940
and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …
Persistent link: https://www.econbiz.de/10009536516
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011308548
This paper is one of the first to estimate how the region in which an establishment is located affects its productivity …, wage cost and cost competitiveness (i.e. its productivity-wage gap). To do so, we use detailed linked employer … productivity and wages are significant but vanish almost totally, both in industry and services, when controlling for a wide range …
Persistent link: https://www.econbiz.de/10011580809
We use regional variation in the American Recovery and Reinvestment Act (2009-2012) to analyze the effect of government spending on consumer spending. Our consumption data come from household-level retail purchases in the Nielsen scanner data and auto purchases from Equifax credit balances. We...
Persistent link: https://www.econbiz.de/10013187650
accelerated. We find that human capital positively affects output per worker and productivity growth. In particular, in terms of …
Persistent link: https://www.econbiz.de/10003577801
Since Chinese government initiated economic reform in the late 1970s, entrepreneurship and private sectors have emerged gradually and played an increasingly important role in promoting economic growth. However, entrepreneurship is distributed unevenly in China. Using micro data from 2008...
Persistent link: https://www.econbiz.de/10011737507
the south of the country, (2) the effect of the mining output shock on output and productivity growth in other sectors …
Persistent link: https://www.econbiz.de/10013332119
accelerated. We find that human capital positively affects output per worker and productivity growth. In particular, in terms of …
Persistent link: https://www.econbiz.de/10003735417
We examine how interaction choices depend on the interplay of social and physical distance, and show that agents who are more central in the social network, or are located closer to the geographic center of interaction, choose higher levels of interactions in equilibrium. As a result, the level...
Persistent link: https://www.econbiz.de/10009230717