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Barrero, Jose Maria; Bloom, Nicholas; Wright, Ian - 2016

Persistent link: https://www.econbiz.de/10011575930

The Wage-Productivity Gap Revisited: Is the Labour Share Neutral to Employment?

Karanassou, Marika; Sala, Hector - School of Economics and Finance, Queen Mary - 2010

investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages … stylised labour demand equation and show that the labour share is a driving force of employment. We substantiate our analytical … exposition by providing empirical models of wage setting and employment equations for France, Germany, Italy, Japan, Spain, the …

Persistent link: https://www.econbiz.de/10008465513

Unemployment in the European Union: A Dynamic Reappraisal

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - School of Economics and Finance, Queen Mary - 2002

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...

Persistent link: https://www.econbiz.de/10005106340

Unemployment Invariance

Karanassou, Marika; Snower, Dennis J. - School of Economics and Finance, Queen Mary - 2002

This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous...

Persistent link: https://www.econbiz.de/10005106368

Unemployment in the European Union: Institutions, Prices, and Growth

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - School of Economics and Finance, Queen Mary - 2003

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the interplay between these adjustment processes and the...

Persistent link: https://www.econbiz.de/10005106454

Inequality and Employment Sensitivities to the Falling Labour Share

Karanassou, Marika; Sala, Hector - School of Economics and Finance, Queen Mary - 2011

inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …

Persistent link: https://www.econbiz.de/10009141346