Similar Search Results

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

Transitory income changes and consumption smoothing: evidence from Mexico

Angelucci, Manuela; Chiapa, Carlos; Prina, Silvia; … - 2021

We study how 3,534 beneficiaries of PROSPERA, Mexico's cash transfer program, smooth food consumption around the transfer payday, an anticipated and transitory income shock. We find that food consumption and food security do not change around the transfer payday, including for recipients with...

Persistent link: https://www.econbiz.de/10012550048

Altruism or diminishing marginal utility?

Gauriot, Romain; Heger, Stephanie A.; Slonim, Robert - 2018

We challenge a commonly used assumption in the literature on social preferences and show that this assumption leads to significantly biased estimates of the social preference parameter. Using Monte Carlo simulations, we demonstrate that the literature's common restrictions on the curvature of...

Persistent link: https://www.econbiz.de/10011893881

Stable marriage, household consumption and unobserved match quality

Browning, Martin James; Cherchye, Laurens; Demuynck, Thomas - 2021

We present a methodology for the structural empirical analysis of house- hold consumption and time use behaviour under marital stability. Our approach is of the revealed preference type and non-parametric, meaning that it does not require a prior functional specification of individual utilities....

Persistent link: https://www.econbiz.de/10012609236

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

Approaches to estimating the health state dependence of the utility function

Finkelstein, Amy (contributor); … - 2009

If the marginal utility of consumption depends on health status, this will affect the economic analysis of a number of central problems in public finance, including the optimal structure of health insurance and optimal life cycle savings. In this paper, we describe the promises and challenges of...

Persistent link: https://www.econbiz.de/10003793984

The revealed preference approach to collective consumption behavior : testing, recovery and welfare analysis

Cherchye, Laurens (contributor); Rock, Bram de (contributor) - 2007

We extend the nonparametric 'revealed preference' methodology for analyzing collective consumption behavior (with consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare-related questions. First, we provide a nonparametric...

Persistent link: https://www.econbiz.de/10003557357

Consumers and the brain drain : product design and the gains from emigration

Kuhn, Peter Joseph (contributor); … - 2008

We consider the welfare effects of skilled worker emigration in a context where skilled labor plays a role in product design. We show such emigration can benefit the residents left behind, even when consumers' tastes exhibit a form of home bias. This is because emigration improves the design of...

Persistent link: https://www.econbiz.de/10003737645