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Using a dynamic optimization model with status preference this paper shows that depending on the object of people's status preference an economy exhibits a completely opposite performance; permanent growth or persistent stagnation. If the object is a producible asset (viz. real capital), new...
Persistent link: https://www.econbiz.de/10008466541
-being is inversely related to inflation and unemployment. Motivated by the “Barro Misery Index”, this paper reconsiders the …
Persistent link: https://www.econbiz.de/10005668911
mobile firms. Firms create jobs where they locate, but there is frictional unemployment. Two sorts of agglomeration effects …
Persistent link: https://www.econbiz.de/10005670285
indicator – and our macro performance outcome is the unemployment rate. Independent of the role of other institutions, good … industrial relations do seem to matter: greater strike volume is associated with higher unemployment. Holding country effects …
Persistent link: https://www.econbiz.de/10005670365
. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …
Persistent link: https://www.econbiz.de/10005670466
This paper studies the effects of firing taxes on the job destruction rate, when probationperiod - or temporary contract - policies are implemented in an otherwise exogenous jobseparation search model. It is shown that contrary to conventional wisdom, firing taxescan amplify the job turnover...
Persistent link: https://www.econbiz.de/10005670520
The increase in long-term unemployment and the prolongation of periods of unemployment signals the establishment of a …, and their social, mental, and material deprivation. A major determinant of the incidence of unemployment in a person … deprivation with respect to a high risk of unemployment. The effects of labor market marginalization on labor market performance …
Persistent link: https://www.econbiz.de/10005673564
relationship between regional unemployment, and the regional level of wages. For this purpose the authors use a sample of annual … district-level unemployment and wage data in the Czech Republic from 1993 to 2001. Previous estimates of the wage curve for the … endogeneity of unemployment, the authors' results indicate that regional real wages are flexible at the level observed in most …
Persistent link: https://www.econbiz.de/10005673569
The objective of this paper is to provide a comparative assessment of the consequences of worker displacement in France and the United States. I estimate wage losses of displaced workers in the two countries and examine the relative contribution of two important sources of post-displacement wage...
Persistent link: https://www.econbiz.de/10005784630
This paper examines the determinants of wage pressure in large companies, including ownership characteristics and the impact of regional labour markets. By using a panel of 329 Polish largest firms during the period 1997- 2001, we find evidence of rent sharing activities, however there is also...
Persistent link: https://www.econbiz.de/10005784708