Similar Search Results

Paying to avoid recession : using reenlistment to estimate the cost of unemployment

Borgschulte, Mark; Martorell, Paco - 2016

This paper provides revealed-preference estimates of the monetary value of avoiding job search in a high-unemployment labor market by examining the behavior of military servicemembers deciding between reenlisting and exiting the military. We find that servicemembers would sacrifice 1.5-2% in...

Persistent link: https://www.econbiz.de/10011450439

Inflation and welfare in long-run equilibrium with firm dynamics

Janiak, Alexandre; Monteiro, Paulo Santos - 2009

We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of … establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the … United States economy and the long-run equilibrium properties are compared at low and high inflation. We find that, when the …

Persistent link: https://www.econbiz.de/10003916989

Drivers of the underground economy around the millienium : a long term look for the United States

Goel, Rajeev K.; Saunoris, James W.; Schneider, Friedrich - 2017

bigger government reduced it, with the effects of inflation being statistically insignificant. Politically, the efficacy of …

Persistent link: https://www.econbiz.de/10011694815

Macroeconomic volatilities and the labor market : first results from the euro experiment

Merkl, Christian; Schmitz, Tom - 2010

This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … on inflation volatility, which can also be rationalized by our theoretical model. -- Labor market institutions ; output … and inflation volatility ; labor turnover costs ; unemployment benefits ; unemployment ; eurozone …

Persistent link: https://www.econbiz.de/10003961662

Unions, increasing returns and endogenous fluctuations

Modesto, Leonor; Lloyd-Braga, Teresa; Coimbra, Rui - 2000

We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local indeterminacy, bifurcations and endogenous fluctuations (deterministic and stochastic). We use an overlapping generations model with external increasing returns to scale, where...

Persistent link: https://www.econbiz.de/10011339688

Labor market institutions and the cost of recessions

Krebs, Tom; Scheffel, Martin - 2016

This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incomplete-market model with search unemployment, skill depreciation during unemployment,...

Persistent link: https://www.econbiz.de/10011595828

Matching and challenge gifts to charity : evidence from laboratory and natural field experiments

Rondeau, Daniel (contributor); List, John A. (contributor) - 2008

This study designs a natural field experiment linked to a controlled laboratory experiment to examine the effectiveness of matching gifts and challenge gifts, two popular strategies used to secure a portion of the $200 billion annually given to charities. We find evidence that challenge gifts...

Persistent link: https://www.econbiz.de/10003652682

How deep is your love? : a quantitative spatial analysis of the transatlantic trade partnership

Krebs, Oliver; Pflüger, Michael - 2015

This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a new quantitative spatial trade model and to use an...

Persistent link: https://www.econbiz.de/10010516481

Human capital risk, contract enforcement, and the macroeconomy

Krebs, Tom; Kuhn, Moritz; Wright, Mark L. J. - 2015

We use data from the Survey of Consumer Finance and Survey of Income Program Participation to show that young households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable macroeconomic model with human capital risk, age-dependent...

Persistent link: https://www.econbiz.de/10011308568

Welfare evaluation of the 1986 tax reform for married couples in the United States

Picchio, Matteo; Valletta, Giacomo - 2015

This paper evaluates the welfare effects of the 1986 Tax Reform Act (TRA86). In thirty years since its introduction, several studies have analysed the effects of TRA86. However, preference heterogeneity and non-market dimensions of welfare have not been taken into account. We propose an...

Persistent link: https://www.econbiz.de/10011346578

1
2
3
4
5
6
7
8
9
10
Next
Last