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All employment growth in Sweden since the early 1960's is attributable to labor market entry of women, working in local … public sector jobs that implement the Welfare State. Sweden has 'monetized' or 'nationalized' the family. Women are paid at … goods sector. Efficiency distortions of current child policies in Sweden may be as large as half of total expenditures on …
Persistent link: https://www.econbiz.de/10013243939
Sweden has a remarkable record in reducing inequality and virtually eliminating poverty. This paper shows that: 1 …) Sweden achieved its egalitarian income distribution and eliminated poverty largely because of its system of earnings and … Sweden is distinguished by a relatively egalitarian distribution of hours of work among those employed, which may be an …
Persistent link: https://www.econbiz.de/10013309574
The emergence of the Asian tiger countries and the participation of the ex-communist countries in world trade has reduced the equilibrium price of labor in western Europe and elsewhere. However, the actual price of labor hardly reacts, because the welfare state's minimum replacement incomes are...
Persistent link: https://www.econbiz.de/10012777456
Globalization, in the form of financial flows, which is always advantageous on an aggregative level, typically creates … winners and losers, if left exclusively to market forces. The effects of financial globalization on income inequality depends …-exporting case, financial globalization drives up return to savings and drives down wages. In the capital-importing case, financial …
Persistent link: https://www.econbiz.de/10012871939
Globalization, in the form of financial flows, which is always advantageous on an aggregative level, typically creates … policies, governed by a majority of the population, spreads the globalization's gains from trade to all income groups, even … those who are low skilled and have small capital endowments. Therefore, financial globalization of a welfare-state economy …
Persistent link: https://www.econbiz.de/10012916166
Globalization radically changes income distribution and triggers intense international tax competition. Therefore …, globalization entails an extensive restructuring of the welfare state. We analyze a parsimonious model of an open economy, in its … the interactions between taxation, provision of social benefits, and globalization. We demonstrate how these interactions …
Persistent link: https://www.econbiz.de/10012863640
This paper discusses how an industrialized country could defend the wages and social benefits of its unskilled workers against wage competition from immigrants. It shows that fixing social standards harms the workers and that fixing social replacement incomes implies migration into unemployment....
Persistent link: https://www.econbiz.de/10014069503
,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars …
Persistent link: https://www.econbiz.de/10013238944
The European Union and the United States operate different variants of market capitalism. The EU model uses social dialogue institutions to help determine economic outcomes, particularly in the labor market, whereas the US relies more on market forces. The theory of competitive markets provides...
Persistent link: https://www.econbiz.de/10012761328
In all modern industrial countries, redistributive expenditures are a larger component of the government budget than consumption of goods and services. In this paper, we use a general equilibrium, two- country model with exportables, importables and nontradables to study redistribution across...
Persistent link: https://www.econbiz.de/10013138851