Narrow search
Showing 1 - 10 of 88
Cover Image
Full Employment: A Distant Dream for Europe
Gill, Indermit; Koettl, Johannes; Packard, Truman - 2013
Today, Europe is a continent of low participation, low employment labor markets. Many observers would like to blame poor employment outcomes on the Euro or on austerity. But these are dangerous distractions from real problems that constitute imperatives for structural reform. There are...
Persistent link: https://www.econbiz.de/10010329152
Cover Image
Full Employment: A Distant Dream for Europe
Gill, Indermit; Koettl, Johannes; Packard, Truman - Institute for the Study of Labor (IZA) - 2013
Today, Europe is a continent of low participation, low employment labor markets. Many observers would like to blame poor employment outcomes on the Euro or on austerity. But these are dangerous distractions from real problems that constitute imperatives for structural reform. There are...
Persistent link: https://www.econbiz.de/10010884372
Cover Image
Market distortions and local indeterminacy: A general approach
Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - 2011
We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations … classes of distortions responsible for indeterminacy. Our methodology consists in introducing general specifications for the … distortions influence the range of values for the elasticity of inputs substitution under which local indeterminacy and …
Persistent link: https://www.econbiz.de/10010278392
Cover Image
Can taxes stabilize the economy in the presence of consumption externalities?
Lloyd-Braga, Teresa; Modesto, Leonor - 2012
Considering a finance constrained economy, we discuss the stabilization role of variable labour and capital income taxes under a balanced-budget rule in the presence of consumption externalities of the keeping up with the Joneses type. We find that sufficiently procyclical labor and/or capital...
Persistent link: https://www.econbiz.de/10010289988
Cover Image
Intra-Industry Trade, Involuntary Unemployment and Macroeconomic Stability
Le Riche, Antoine; Lloyd-Braga, Teresa; Modesto, Leonor - 2021
indeterminate. After opening the borders, the rigid wage country may export indeterminacy to the full employment country …, particularly if it is big enough. In contrast, when the full employment country is sufficiently big, local indeterminacy, and … fluctuations (associated with local indeterminacy and bifurcations) are possible with smaller externalities, whatever the relative …
Persistent link: https://www.econbiz.de/10012497948
Cover Image
Can Taxes Stabilize the Economy in the Presence of Consumption Externalities?
Lloyd-Braga, Teresa; Modesto, Leonor - Institute for the Study of Labor (IZA) - 2012
Considering a finance constrained economy, we discuss the stabilization role of variable labour and capital income taxes under a balanced-budget rule in the presence of consumption externalities of the "keeping up with the Joneses" type. We find that sufficiently procyclical labor and/or capital...
Persistent link: https://www.econbiz.de/10010578209
Cover Image
Market Distortions and Local Indeterminacy: A General Approach
Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - Institute for the Study of Labor (IZA) - 2011
We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations … classes of distortions responsible for indeterminacy. Our methodology consists in introducing general specifications for the … distortions influence the range of values for the elasticity of inputs substitution under which local indeterminacy and …
Persistent link: https://www.econbiz.de/10008922965
Cover Image
Quit Turnover and the Business Cycle: A Survey
Carrillo-Tudela, Carlos; Coles, Melvyn - 2015
The focus of this chapter is to consider new developments in the search and matching literature where wages, quit turnover and unemployment are endogenously determined in economies with aggregate shocks. The aim of the discussion is not only to highlight possible market failures but also to...
Persistent link: https://www.econbiz.de/10011401630
Cover Image
Countercyclical Recruiting Rates and the Value of Jobs
Yashiv, Eran - 2015
U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the unemployed and out of the labor force. Why so? The paper provides an explanation by studying the optimal recruiting behavior of the representative firm. This behavior is a...
Persistent link: https://www.econbiz.de/10011401640
Cover Image
Does High Home-Ownership Impair the Labor Market?
Blanchflower, David G.; Oswald, Andrew J. - 2013
This study explores the hypothesis that high home-ownership damages the labor market. We show that rises in the home-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a...
Persistent link: https://www.econbiz.de/10010328899