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The Welfare Impact of Price Changes on Household Welfare and Inequality 1999-2010
Loughrey, Jason - 2011
This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland between 1999 and 2010. This measure combines an efficiency component using a Linear Expenditure System (LES) and an equity component using the Atkinson Social Welfare Function....
Persistent link: https://www.econbiz.de/10013124494
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Economic Liberalisation and the Mobility of Minority Groups : Evidence from Māori in New Zealand
Sin, Isabelle - 2015
Between 1984 and 2003, New Zealand undertook comprehensive market-oriented economic reforms. In this paper, we use Census data to examine how the internal mobility of Māori compares to that of Europeans in New Zealand in the period after these reforms. It is often suggested that Māori are less...
Persistent link: https://www.econbiz.de/10013026849
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Labor Market Dynamics in Romania During a Period of Economic Liberalization
Dostie, Benoit; Sahn, David E. - 2021
In this paper, we estimate a model of labor market dynamics among individuals in Romania using panel data for three years, 1994 to 1996. Our motivation is to gain insight into the functioning of the labor market and how workers are coping during this period of economic liberalization and...
Persistent link: https://www.econbiz.de/10013317282
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Asymmetric Labor Market Institutions in the Emu and the Volatility of Inflation and Unemployment Differentials
Abbritti, Mirko - 2012
and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …
Persistent link: https://www.econbiz.de/10013107467
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Labor Market Institutions and the Response of Inflation to Macro Shocks in the EU : A Two-Sector Analysis
D'Adamo, Gaetano - 2013
We model empirically the role of labor market institutions in affecting the response of inflation to labor market and …-country differences in inflation adjustment for the "sheltered" (non-trading) sector; the effects in the "exposed" (trading) sector are … the Phillips curve in both sectors. More active LM policies also reduce the persistence of inflation. However, but only in …
Persistent link: https://www.econbiz.de/10013075782
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Labour Market Institutions and Inflation Differentials in the EU
D'Adamo, Gaetano - 2015
associated with significant differences in the response of inflation to unemployment and exchange rate shocks. More wage … coordination and higher union density flatten the Phillips curve and increase the inflation response to the real exchange rate, i …
Persistent link: https://www.econbiz.de/10013014013
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Asset Stripping, Rule of Law and Firm Survival : The Hoff-Stiglitz Model and Mass Privatization in Montenegro
Koman, Matjaz - 2013
We provide the first test of the Hoff and Stiglitz (2004) model predicting whether and under what conditions mass privatizations are accompanied by asset stripping. In addition to directly testing the theory, we also tackle an important policy-oriented issue of why a large number of efficient...
Persistent link: https://www.econbiz.de/10013071449
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Are All Democracies Equally Good? The Role of Interactions Between Political Environment and Inequality for Rule of Law
Sunde, Uwe; Cervellati, Matteo; Fortunato, Piergiuseppe - 2021
Using cross-country data, we find evidence for a significant negative interaction effect between democracy and inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with institutions of higher quality when inequality is lower
Persistent link: https://www.econbiz.de/10013316859
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A Simple Model of a Central Bank Digital Currency
Mishra, Bineet; Prasad, Eswar S. - 2023
central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency …
Persistent link: https://www.econbiz.de/10014354569
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Engel Curves, Spatial Variation in Prices and Demand for Commodities in Côte D'Ivoire
Gbakou, Monnet - 2011
This paper aims to estimate the price and income elasticities of the demand for essential commodities in Cote d'Ivoire. Using data from the 2002 Cote d'Ivoire Living Standard Survey and a theoretical framework developed by Crawford et al. (2003), we analyse price effects on the demand for groups...
Persistent link: https://www.econbiz.de/10013128830