Showing 1 - 10 of 46
There is clear evidence that fairness plays a role in redistribution. Individuals want to compensate others for their misfortune, while they allow them to enjoy the fruits of their effort. Such fairness considerations have been introduced in political economy and optimal income tax models with a...
Persistent link: https://www.econbiz.de/10013134816
How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this question, this paper sets up a dynamic currency union model with monopolistic competition and sticky prices, hiring frictions and real wage rigidities. In our analysis, we...
Persistent link: https://www.econbiz.de/10013107467
We analyze the optimal regional pattern of public employment in an information-constrained second-best redistribution policy showing that regionally differentiated public employment can serve as an expenditure side tagging device, bypassing or relaxing the equity-efficiency trade-off. The...
Persistent link: https://www.econbiz.de/10013107718
Due to ageing population and low birth rates, the European Union (EU) will need to import foreign labour in the next … decades. In this context, the EU neighbouring countries (ENC) are the main countries of origin and transit of legal and … of labour force. The objective of this paper is to analyse past and future trends in ENC-EU bilateral migration …
Persistent link: https://www.econbiz.de/10013073508
During the last decade, economists have intensively searched for evidence on the importance of the Balassa-Samuelson (B-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess inflation observed in the European catching-up...
Persistent link: https://www.econbiz.de/10013074886
A search model of the labor market is augmented to include commuting time to work. The theory posits that wages are positively related to commute distance, by a factor itself depending negatively on the bargaining power of workers. Since not all combinations of distance and wages are accepted,...
Persistent link: https://www.econbiz.de/10013155006
We propose and estimate a model where unemployment fluctuations result from self-fulfilling changes in expected inflation (sunspot shocks) affecting nominal wage bargaining. Since the estimated parameters fall near the locus of Hopf bifurcations, country-specific expected inflation shocks can...
Persistent link: https://www.econbiz.de/10013157753
gender wage gap patterns in the EU since the onset of the Great Recession. We show that male selection into the labour market …, traditionally disregarded, has increased. This is particularly the case in peripheral EU countries, where dramatic drops in male …
Persistent link: https://www.econbiz.de/10012957480
estimates of secondary "off the books" employment that are consistent with survey evidence for the EU14 and United States. We …
Persistent link: https://www.econbiz.de/10012824425
This paper provides an overview of recent research on dual labour markets. Theoretical and empirical contributions on the labour-market effects of dual employment protection legislation are revisited, as well as factors behind its resilience and policies geared towards correcting its negative...
Persistent link: https://www.econbiz.de/10012870446