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The Impact of the Recent Migration from Eastern Europe on the UK Economy
Blanchflower, David G. - 2007
UK population growth over the last thirty-five years has been remarkably low in comparison with other countries; the population grew by just 7% between 1971 and 2004, less than all the other EU15 countries except Germany. The UK population has grown at a faster pace since the turn of the...
Persistent link: https://www.econbiz.de/10012777461
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Wage Structure Effects of International Trade : Evidence from a Small Open Economy
Du Caju, Philip - 2011
In the last decades, international trade has increased between industrialised countries and between high- and low-wage countries. This important change has raised questions on how international trade affects the labour market. In this spirit, this paper aims to investigate the impact of...
Persistent link: https://www.econbiz.de/10013127724
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Subsidizing Firm Entry in Open Economies
Pflüger, Michael - 2009
Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different countries. These costs are heavily influenced by economic policy. What is not well understood is how international trade affects the government incentive to impact on entry costs,...
Persistent link: https://www.econbiz.de/10013155605
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Trade and Informality in the Presence of Labor Market Frictions and Regulations
Dix-Carneiro, Rafael; Goldberg, Pinelopi; Meghir, Costas; … - 2021
We build an equilibrium model of a small open economy with labor market frictions and imperfectly enforced regulations. Heterogeneous firms sort into the formal or informal sector. We estimate the model using data from Brazil, and use counterfactual simulations to understand how trade affects...
Persistent link: https://www.econbiz.de/10013250247
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Household Responses to Trade Shocks
Irastorza-Fadrique, Aitor; Levell, Peter; Parey, Matthias - 2023
We use large-scale panel data from linked decadal censuses in England and Wales to study the responses of both individuals and their partners to rising Chinese import competition in the 2000s. We test whether partners provide insurance against lost household earnings by increasing labour supply....
Persistent link: https://www.econbiz.de/10014351480
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The Renminbi's Role in the Global Monetary System
Prasad, Eswar S. - 2012
We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i … changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from …
Persistent link: https://www.econbiz.de/10013110844
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In-Work Benefits and Unemployment
Tonin, Mirco - 2011
In-work benefits are becoming an increasingly relevant labour market policy, gradually expanding in scope and geographical coverage. This paper investigates the equilibrium impact of in-work benefits and contrasts it with the traditional partial equilibrium analysis. We find under which...
Persistent link: https://www.econbiz.de/10013130454
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Aging and Pensions in General Equilibrium : Labor Market Imperfections Matter
de la Croix, David - 2010
This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...
Persistent link: https://www.econbiz.de/10013136497
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Education and Optimal Dynamic Taxation
Findeisen, Sebastian - 2011
We study optimal tax and educational policies in a dynamic private information economy, in which ex-ante heterogeneous individuals make an educational investment early in their life and face a stochastic wage distribution. We characterize labor and education wedges in this setting analytically...
Persistent link: https://www.econbiz.de/10013118777
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Equilibrium Unemployment and Retirement
Hairault, Jean-Olivier - 2012
As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement decisions at the individual level: unemployed people are more likely to retire. Our main objective in this paper is then to propose an equilibrium unemployment approach to...
Persistent link: https://www.econbiz.de/10013106958