Showing 1 - 10 of 231
We provide quantitative evidence on the relationship between military spending and innovation in the 19th century. Combining innovation data from world fairs and historical military data across Europe, we show that national military spending is associated with national innovation towards war...
Persistent link: https://www.econbiz.de/10014296778
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011307457
This essay aims to discuss the conditions for a successful implementation of the European Youth Guarantee in Italy. In principle, the program should be able to affect the frictional and mismatch components of unemployment, if not the Keynesian and neoclassical ones, as also the experience of...
Persistent link: https://www.econbiz.de/10010513215
This essay aims to discuss the conditions for a successful implementation of the European Youth Guarantee in Italy. In principle, the program should be able to affect the frictional and mismatch components of unemployment, if not the Keynesian and neoclassical ones, as also the experience of...
Persistent link: https://www.econbiz.de/10011212561
aggregate output changes as result of such shocks. We argue that these phenomena are related to lags between inputs and outputs … economy are interconnected through complex input-output relations, with production lags within individual firms, and that it … takes considerable time for cost and price changes to penetrate the entire input-output system. Our analysis provides a …
Persistent link: https://www.econbiz.de/10005702997
In the Covid-19 crisis, most OECD countries use short-time work schemes (subsidized working time reductions) to preserve employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in recessions. We build a New Keynesian model with...
Persistent link: https://www.econbiz.de/10012597475
This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are … long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels for seven …
Persistent link: https://www.econbiz.de/10010329177
Observations on munition workers, most of them women, are organized to examine the relationship between their output … and their working hours. The relationship is nonlinear: below an hours threshold, output is proportional to hours; above a … threshold, output rises at a decreasing rate as hours increase. Implications of these results for the estimation of labor supply …
Persistent link: https://www.econbiz.de/10010352218
This paper studies the link between working hours and productivity using daily information on working hours and performance of a sample of call centre agents. We exploit variation in the number of hours worked by the same employee across days and weeks due to central scheduling, enabling us to...
Persistent link: https://www.econbiz.de/10011653450
change in competition. Higher substitutability increases welfare, output and productivity because resources shift towards the …
Persistent link: https://www.econbiz.de/10010261777