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The Swedish Wage Stucture : The Rise and Fall of Solidarity Wage Policy?
Edin, Per-Anders - 1993
Wage inequality in Sweden declined precipitously during the 1960s and the 1970s. There was a sharp reduction in overall … relative wage movements in Sweden …
Persistent link: https://www.econbiz.de/10012474705
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Policy Transferability and Hysteresis : Daily and Weekly Hours in the BRD and the US
Hamermesh, Daniel S. - 1994
I develop a model with the path of labor-market outcomes exhibiting hysteresis depending on prior labor-market policy. The results suggest that attempts to transfer policies across economies lead to surprising results even if current economic outcomes in the countries appear similar. Examples of...
Persistent link: https://www.econbiz.de/10012474146
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Fluctuations in Weekly Hours and Total Hours Worked Over the Past 90 Years and the Importance of Changes in Federal Policy Toward Job Sharing
Neumann, Todd - 2013
During the Great Depression of 1930s, changes in the workweek drove a larger portion of changes in total labor input than in other decades. Work-sharing policies appear to be responsible. Hoover created various work-sharing committees lead by key industrialists, which pushed for shorter...
Persistent link: https://www.econbiz.de/10012459846
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An Evaluation of the Swedish Active Labor Market Policy : New and Received Wisdom
Forslund, Anders - 1994
About 3% of GNP is spent on government labor market programs in Sweden, compared to 2% in Germany and less than 0.5% in … the U.S. In Sweden these programs include extensive job training, public sector relief work, recruitment subsidies, youth … training programs have small effects on wages and re-employment in Sweden, but precise inferences are difficult because of …
Persistent link: https://www.econbiz.de/10012474118
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Germany's Economic Unification : An Assessment after Ten Years
Sinn, Hans-Werner - 2000
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east has been...
Persistent link: https://www.econbiz.de/10012471183
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New Directions for Stochastic Open Economy Models
Obstfeld, Maurice - 1999
The paper develops a simple stochastic new open economy macroeconomic model based on sticky nominal wages. Explicit solution of the wage-setting problem under uncertainty allows one to analyze the effects of the monetary regime on welfare, expected output, and the expected terms of trade....
Persistent link: https://www.econbiz.de/10012471471
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Inflation Stabilization with Incomes Policy Support : A Review of the Experience in Argentina, Brazil and Israel
Dornbusch, Rudiger - 1987
In 1985-86 Argentina, Brazil and Israel initiated programs of stabilization after episodes of high and sharply accelerating inflation. Among the key features of each stabilization program were the use of wage- price controls, a fixed exchange rate and fiscal correction as well as a significant...
Persistent link: https://www.econbiz.de/10012476916
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Imported Materials Prices, Wage Policy, and Macroeconomic Stabilization
Marston, Richard C. - 1983
This paper analyzes two simple wage rules that keep employment constant when there are shocks to the prices of imported materials. One rule ties nominal wages to the GNP deflator rather than the consumer price index. The second rule, followed by Japan after the second oil price shock, ties the...
Persistent link: https://www.econbiz.de/10012477843
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The Contribution of the Minimum Wage to U.S. Wage Inequality over Three Decades : A Reassessment
Autor, David H. - 2010
We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of data and far greater variation in minimum wages than was available to earlier studies. We argue that prior literature suffers from two sources of bias and propose an IV strategy...
Persistent link: https://www.econbiz.de/10012462124
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The Unexpected Long-Run Impact of the Minimum Wage : An Educational Cascade
Sutch, Richard - 2010
Neglected, but significant, the long-run consequence of the minimum wage - which was made national policy in the United States in 1938 - is its stimulation of capital deepening. This took two forms. First, the engineered shortage of low-skill, low-paying jobs induced teenagers to invest in...
Persistent link: https://www.econbiz.de/10012462301