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Monetary Developments and Expansionary Fiscal Consolidations : Evidence from the EMU

Afonso, António - 2014

This paper provides new insights about the existence of expansionary fiscal consolidations in the Economic and Monetary Union, using annual panel data for 14 European Union countries over the period 1970-2012. Different measures for assessing fiscal consolidations based on the changes in the...

Persistent link: https://www.econbiz.de/10013050643

Output Costs of Education and Skill Mismatch

Garibaldi, Pietro - 2020

We propose a simple theory of under- and over-employment. Individuals of high type can perform both skilled and unskilled jobs, but only a fraction of low-type workers can perform skilled jobs. People have different non-pecuniary values over these jobs, akin to a Roy model. We calibrate two...

Persistent link: https://www.econbiz.de/10012841002

A Challenge for the G20 : Globally Stipulated Debt Brakes and Transnational Independent Fiscal Supervisory Councils

Dolls, Mathias - 2014

Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined consolidation efforts which are, however, supposed to come now at the wrong time with the economic recovery being fragile. Against this background, we call for a global debt brake...

Persistent link: https://www.econbiz.de/10013067052

Minimum Wages, Labor Market Institutions, and Female Employment and Unemployment : A Cross-Country Analysis

Addison, John T. - 2010

This paper estimates the effect of minimum wage regulation in 16 OECD countries, 1970-2008. Our treatment is motivated by Neumark and Wascher's (2004) seminal cross-country study using panel methods to estimate minimum wage effects among teenagers and young adults. Apart from the longer time...

Persistent link: https://www.econbiz.de/10013138490

The Crisis, Policy Reactions and Attitudes to Globalization and Jobs

Bell, David N.F. - 2011

We consider the effects of the financial crisis and subsequent recession on world labour markets. It begins by cataloguing the adverse effects on output of the sudden collapse in demand brought about by the financial crisis in what has come to be called the Great Recession. Next we look at the...

Persistent link: https://www.econbiz.de/10013125468

The Labor Market Consequences of Adverse Financial Shocks

Boeri, Tito - 2012

themselves in a position in which their liquidity is suddenly called back by the lender. This has direct consequences on a firm … existing jobs. We argue that with well-developed capital markets, firms will have an incentive to rely more on liquidity, and … in normal times deep capital markets lead to tight labor markets. After an adverse liquidity shock, firms that rely much …

Persistent link: https://www.econbiz.de/10013099747

Political Instability and Labor Market Institutions

Lucifora, Claudio - 2012

This paper investigates the relationship between political instability and labor market institutions. We develop a theoretical model in which some features of the political process, by reducing the future yields of policy interventions, induce an incumbent government to choose labor market...

Persistent link: https://www.econbiz.de/10013107712

The Role of Short-Time Work Schemes During the Global Financial Crisis and Early Recovery : A Cross-Country Analysis

Hijzen, Alexander - 2013

There has been a strong interest in short-time work (STW) schemes during the global financial crisis. Using data for 23 OECD countries for the period 2004 Q1 to 2010 Q4, this paper analyses the quantitative effects of STW programmes on labour market outcomes. Special attention is given to the...

Persistent link: https://www.econbiz.de/10013084164

What Do Labor Market Institutions Do?

Holmlund, Bertil - 2013

The past couple of decades have seen a huge increase in research on various labor market institutions. This paper offers a brief overview and discussion of research on the labor market impacts of minimum wages (MW), unemployment insurance (UI), and employment protection legislation (EPL). It is...

Persistent link: https://www.econbiz.de/10013071420

The Labor Market Effects of Immigration and Emigration in OECD Countries

Docquier, Frédéric - 2012

In this paper, we simulate the labor market effects of net immigration and emigration during the 1990's in all OECD countries. To accomplish this, we are the first to employ a comprehensive database of migrant stocks, grouped by education level and country of origin/destination, for the years...

Persistent link: https://www.econbiz.de/10013112765