Showing 1 - 6 of 6
This paper argues that there is a nonzero inflation-unemployment tradeoff in the long-run due to frictional growth, a phenomenon that encapsulates the interplay of nominal staggering and money growth. The existence of a downward-sloping long-run Phillips curve suggests the development of a...
Persistent link: https://www.econbiz.de/10003485605
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; employment ; quits ; firing ; job offers ; job acceptance …
Persistent link: https://www.econbiz.de/10003827234
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …
Persistent link: https://www.econbiz.de/10010238837
This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two … important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We …) improve employment and welfare, (b) do not raise earnings inequality and (c) are self-financing. This criterion enables us to …
Persistent link: https://www.econbiz.de/10011451838
improve employment incentives without significant changes in the current redistribution scheme. We provide a detailed account …
Persistent link: https://www.econbiz.de/10011451872