Showing 1 - 10 of 182
Starting a firm with expansive potential is an option for educated and high-skilled workers. This option serves as an insurance against unemployment caused by labor market frictions and hence increases the incentives for education. We show within a matching model that reducing the start-up costs...
Persistent link: https://www.econbiz.de/10009728182
In this paper we propose a simple extension to the panel case of the covariate-augmented Dickey Fuller (CADF) test for unit roots developed in Hansen (1995). The extension we propose is based on a p-values combination approach that takes into account cross-section dependence. We show that the...
Persistent link: https://www.econbiz.de/10009686159
We investigate cross-country fiscal policy spillovers through the integration of capital markets in a currency union and allow capital use in production to differ across countries. Following empirical evidence, we assume that production exhibits capital-skill complementarity. Using a...
Persistent link: https://www.econbiz.de/10011630088
Population aging challenges the financing of social security systems in developed economies, as the fraction of the population in working age declines. The resulting pressure on capital-labor ratios translates into a pressure on factor prices and production. While European countries all face...
Persistent link: https://www.econbiz.de/10011800785
gap. Over time, raw wage differentials world-wide have fallen substantially; however, most of this decrease is due to an …
Persistent link: https://www.econbiz.de/10009726798
This paper evaluates the impact of economic and legal variables on wage differentials between men and women. Since Becker (1957) economists have argued that competitive markets eliminate discrimination in the long run. On the other hand, practically all countries have enacted some sort of law...
Persistent link: https://www.econbiz.de/10009726803
During the 90s the increase in health spending which compared to the overall growth had taken place at a rather rapid pace experienced a worldwide slow-down. In relation to overall economic growth and the expansion of other countries' health care systems, Austria's system grew below average- a...
Persistent link: https://www.econbiz.de/10009712335
This paper investigates the consequences of pension reform for life-cycle unemployment and retirement. We find that (i) improving actuarial fairness in pension assessment not only boosts old age participation but also reduces unemployment among prime age workers and raises welfare; (ii)...
Persistent link: https://www.econbiz.de/10009686201
. Here we provide the necessary tools for EKC analysis by deriving estimation and testing theory for cointegrating equations …
Persistent link: https://www.econbiz.de/10009735348
Two very different approaches are used to explore the relation between market orientation and gender wage differentials in international data. More market orientation might be related to gender wage gaps via its effects on competition in product and labor markets and the general absence of...
Persistent link: https://www.econbiz.de/10009735359