Showing 1 - 10 of 183
The digital revolution has brought about a wave of technological optimism, sustained by all the things technology does for us in our every day lives. This is in principle good, but it has a dark side, as the poor use of the new technologies may lead us to become lazier and to replace or strain...
Persistent link: https://www.econbiz.de/10012385444
The paper evaluates the performance of three popular monetary policy rules when the central bank is learning aboutthe parameter values of a simple New Keynesian model. The three policies are: (1) the optimal non-inertial rule; (2)the optimal history-dependent rule; (3) the optimal price-level...
Persistent link: https://www.econbiz.de/10005870371
-pool resource institutions, social capital and NGOs, and secondly, it applies the framework to the case of Bangladesh fisheries … externally-supported NGOs can play an important role in this context. The experience of Bangladesh openwater inland fisheries …-based fisheries management supported by NGOs since the early 1990s has addressed these problems with some success. Two factors appear …
Persistent link: https://www.econbiz.de/10013208443
The past couple of decades have seen a huge increase in research on various labor market institutions. This paper offers a brief overview and discussion of research on the labor market impacts of minimum wages (MW), unemployment insurance (UI), and employment protection legislation (EPL). It is...
Persistent link: https://www.econbiz.de/10011396719
In this paper, we explore employers' decisions regarding the employment of legal and illegal immigrants in the presence of endogenous adjustment cost, minimum wages and an enforcement budget. We show that increasing the employment of legal foreign workers will increase the number of illegal...
Persistent link: https://www.econbiz.de/10010336022
The effect of minimum wages on employment is a matter of debate, and the existing empirical literature contains mixed results. One reason for this is the methodological difficulties involved where changes in minimum wages are endogenous to other important economic changes. To overcome this...
Persistent link: https://www.econbiz.de/10013208867
This paper considers the effects of union-bargained minimum wages on transitions into and out of employment in the hotels and catering industry over the period 1979-99. This industry is characterised by a high fraction of unskilled labour input, high worker turnover and binding minimum wages....
Persistent link: https://www.econbiz.de/10010321051
US earnings inequality has increased dramatically since the 1970s, and the prospect of a reversal depends on what caused the trend. The standard explanation emphasizes skill-biased technical change. This paper briefly considers some aggregation issues and then proceeds to outline two alternative...
Persistent link: https://www.econbiz.de/10010287833
schooling. We present a theoretical framework where parents decide on the optimal amount of time invested in child education in … presence of uncertainty about returns to education. Here, the uncertainty is captured using the probability that parents attach … to higher returns after education. Our theoretical findings underscore the need for policy interventions that affect time …
Persistent link: https://www.econbiz.de/10013208750
regulation. However, with the more recentmovement toward a general single EU market, financial services regulation hastaken on … that, ultimately, will determinethe exact form of capital regulation. Our analysis leads us to conclude thatcaution is …
Persistent link: https://www.econbiz.de/10005861545