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We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium, France, Germany, Italy and Spain) and eight main sectors of the economy during the period 2002-2012. Three key stylized facts emerge. First, in all countries with the exception of...
Persistent link: https://www.econbiz.de/10012963907
We characterize the Laffer curves for labor taxation and capital income taxation quantitatively for the US, the EU-14 … benchmark parameters, we find that the US can increase tax revenues by 30% by raising labor taxes and 6% by raising capital … income taxes. For the EU-14 we obtain 8% and 1%. Denmark and Sweden are on the wrong side of the Laffer curve for capital …
Persistent link: https://www.econbiz.de/10013145143
impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 … mainly focused on investigating the Cohesion Policy's growth effects. This ignores the fact that part of the EU expenditures … is directly aimed at reducing disparities in the employment sector. Against this background, the paper analyses the …
Persistent link: https://www.econbiz.de/10013118136
We use a cohort based model to analyze determinants of labour force participation for disaggregated groups of workers in the euro area and the five largest euro area countries. The model captures age and cohort effects as indicators of (unobserved) determinants of participation behaviour. We use...
Persistent link: https://www.econbiz.de/10013160420
We explore the impact of wage adjustment on employment with a focus on the role of downward nominal wage rigidities. We … results point to a negative effect of downward wage rigidities on employment at the firm level …
Persistent link: https://www.econbiz.de/10012945757
This paper analyses differences in employment volatility in foreign-owned and domestic companies using firm-level data … from 24 European countries. The presence of foreign-owned companies may lead to higher employment volatility because … more exposed to external shocks. We assess the conditional employment volatility of firms with foreign and domestic owners …
Persistent link: https://www.econbiz.de/10013051164
develop a suite of models to provide a more timely estimate (nowcast) of euro area quarterly employment growth based on a … timely assessment of employment developments with unemployment rates and sentiment indicators containing most of the relevant …
Persistent link: https://www.econbiz.de/10014354741
We propose a Bayesian VAR model with stochastic volatility and time varying skewness to estimate the degree of labour at risk in the euro area and in the United States. We model the asymmetry of the shocks to changes in the unemployment rate as a function of real activity and financial risk...
Persistent link: https://www.econbiz.de/10014352662
This paper conducts the first empirical study of the bank balance sheet channel using data on discouraged and informally rejected firms in addition to information on the formal loan granting process. I take advantage of a unique survey data on the credit experience of firms in 8 economies that...
Persistent link: https://www.econbiz.de/10013075926
. In this paper, we study transitions out of work for 26 EU countries over the period 2004-2009 in order to investigate the … determinants of retirement based on the Eurostat Survey on Income and Living Conditions (EU-SILC). Applying standard survivor … between the average euro area and EU non-euro area countries. Moreover, we find that shifts into retirement have increased …
Persistent link: https://www.econbiz.de/10013086839