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This paper examines empirically the interaction between immigration and host country economic conditions. We employ panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows to addresses the endogeneity problem by allowing the...
Persistent link: https://www.econbiz.de/10010289971
relative net demand shock against the low skilled (like the US) during this period. It turns out that only workers with an … educational level below apprenticeship were affected by such a shock. Furthermore, I test whether wages reacted flexibly to this … shock and find that they were rigid, which can explain the relative unemployment increase for this group. Finally, I test …
Persistent link: https://www.econbiz.de/10010262112
An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of movements in unemployment, import prices, tax rates...
Persistent link: https://www.econbiz.de/10010262222
labor demand and the wage bargaining process. The analysis of the interaction of shock spillovers and benefit system focuses …
Persistent link: https://www.econbiz.de/10010262240
highest in Germany, followed by France, and Italy. However, even in Germany, the accommodation of a shock to unemployment by …
Persistent link: https://www.econbiz.de/10010262267
This paper investigates whether and in what sense the west German wage structure has been ?rigid? in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...
Persistent link: https://www.econbiz.de/10010262540
market shock is provoked in the home country or originates from abroad. We also point out how our results extend to two …
Persistent link: https://www.econbiz.de/10010262567
This paper examines the pattern of employment adjustment in Portugal. First, the issue is addressed using a long time series of aggregate data. Although the employment data show persistence, there is nonetheless a fairly rapid rate of employment adjustment. Second, a much shorter time series of...
Persistent link: https://www.econbiz.de/10010262595
household which experiences an exogenous shock of 10% of its total income changes both its food and total non …
Persistent link: https://www.econbiz.de/10010262612
Is there a role for debt beyond curing overaccumulation of capital? Does dynamic efficiency and the infeasibility of debt Ponzi schemes eliminate any Pareto-improving role for a government in a competitive economy with complete markets? Is there an optimal maturity structure of public debt?...
Persistent link: https://www.econbiz.de/10010262613