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Labour market dynamics in Australia : what drives unemployment?

Karanassou, Marika (contributor); Sala, Hector (contributor) - 2009

The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued that the influence of capital stock on the performance of...

Persistent link: https://www.econbiz.de/10003793964

The effect of employment protection legislation and financial market imperfections on investment : evidence from a firm-level panel of EU countries

Cingano, Federico; Leonardi, Marco; Messina, Julián; … - 2009

This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital … stronger in firms with lower levels of internal resources. We find that, on average, EPL reduces investment per worker, capital …

Persistent link: https://www.econbiz.de/10003832294

Welfare states, labor markets, social investment and the digital transformation

Eichhorst, Werner; Hemerijck, Anton; Scalise, Gemma - 2020

demography than technological change, social investment reform has been the fil rouge of welfare recalibration since the turn of … the century. Is social investment reform still valid in the new era of 'disruptive' technological transformation in … to digitization, together with their respective social investment aptitude, are currently preparing their welfare states …

Persistent link: https://www.econbiz.de/10012239520

Life cycle time allocation and saving in an imperfect capital market

Apps, Patricia (contributor); Rees, Ray (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001937662

Consumption choices and earnings expectations : empirical evidence and structural estimation

Stoltenberg, Christian; Uhlendorff, Arne - 2022

In this paper, we document that households’ consumption expenditures depend on their expected earnings - even after controlling for realized earnings and wealth. To explain this evidence, we develop and structurally estimate a standard-incomplete markets model in which rational households...

Persistent link: https://www.econbiz.de/10013329447

Are children "normal"?

Black, Dan A.; Kolesnikova, Natalia; Sanders, Seth; … - 2011

We examine Becker's (1960) contention that children are "normal." For the cross section of non-Hispanic white married couples in the U.S., we show that when we restrict comparisons to similarly-educated women living in similarly-expensive locations, completed fertility is positively correlated...

Persistent link: https://www.econbiz.de/10009408778

Couples' time together : complementarities in production versus complementarities in consumption

Mansour, Hani; McKinnish, Terra G. - 2013

Economists have previously suggested that gains from marriage can be generated by complementarities in production (gains from specialization and exchange) or by complementarities in consumption (gains from joint consumption of household public goods and joint time consumption). This paper uses...

Persistent link: https://www.econbiz.de/10010229530

A theory of price adjustment under loss aversion

Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility gains from price decreases of equal magnitude. Price...

Persistent link: https://www.econbiz.de/10010350414

Relative concerns for consumption at the top : an intertemporal analysis for the UK

Quintana-Domeque, Climent; Wohlfart, Johannes - 2014

This paper investigates whether the consumption of rich households provides a reference point in the consumption choices of non-rich households from an intertemporal perspective. Using UK household data on food consumption, we estimate the Euler equation implied by a life-cycle model...

Persistent link: https://www.econbiz.de/10010409785

The intrahousehold allocation of private and public consumption : theory and evidence from US data

Donni, Olivier (contributor) - 2006

We adopt the collective approach to consumer behavior with egoistic agents, and assume that the household consumption is either private or public. We then show that (i) household demands have to satisfy testable constraints and (ii) some elements of the decision process can be retrieved from...

Persistent link: https://www.econbiz.de/10003323171