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Regional labor market discrepancies have been widening in Belgium in the last two decades and are more evident within …-unemployment provinces. Using a structural VAR, it is also shown that labor market dynamics in Belgium produce a strong attenuating effect on … short-run adjustment is over, there is less labor migration in Belgium than in the United States or Europe, corroborating …
Persistent link: https://www.econbiz.de/10014403668
In this paper, we describe the changes of (early) retirement programs over time and study the link between trends in elderly labor force participation and youth unemployment. From a theoretical point of view, there is no convincing argument that the idea of a lump-of-labor should hold. Our...
Persistent link: https://www.econbiz.de/10014401757
This paper investigates empirically the pass-through of money market interest rates to retail banking interest rates in Chile, the United States, Canada, Australia, New Zealand, and five European countries. Overall, Chile''s pass-through does not appear atypical. Based on a standard...
Persistent link: https://www.econbiz.de/10014399635
This paper proposes a signaling model that offers a new perspective on why governments deviate from optimal tax smoothing and delay debt stabilization. In our model, dependable—but not fully credible—governments have an incentive to tighten the fiscal regime when the signaling effect on...
Persistent link: https://www.econbiz.de/10014400094
This paper reviews the financial implications of aging for the pension system in Belgium during 1995-2050. Our … countries. In Belgium, the problem is particularly acute in the pension system for civil servants. The impact of amending …
Persistent link: https://www.econbiz.de/10014396528
) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium …-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in …
Persistent link: https://www.econbiz.de/10014396839
Belgium can cause a downward rigidity in real wages, given the multi-tier real wage bargaining process. Recent initiatives …
Persistent link: https://www.econbiz.de/10014398156
This paper examines the credibility of the exchange rate policy pursued by the Belgian monetary authorities of pegging the Belgian franc to a narrow fluctuation band around the deutsche mark, in the context of the exchange rate mechanism of the European Monetary System. Simple interest rate...
Persistent link: https://www.econbiz.de/10014398198