Showing 1 - 10 of 21,558
We analyze the effects of privatization on firm-level wages and employment in four transition economies. Contrary to … negative effect in Russia, and they provide some evidence of positive foreign effects on both wages and employment in all four … countries. The negligible employment impact of domestic privatization results from effects on efficiency and scale that are …
Persistent link: https://www.econbiz.de/10010494669
This paper addresses the purchasing power parity (PPP) puzzle for a commodity currency. In particular, we analyse the real exchange rate behaviour in Norway, which has a primary commodity (oil) that constitutes the majority of its exports. A substantial part of the literature on commodity...
Persistent link: https://www.econbiz.de/10010284496
There is a large body of literature on the relationship between innovations and employment at the firm level, with most … paper tries to fill in this gap by looking at three dimensions of the relationship between innovations and employment in … Poland: innovations and job creation, innovations and the skill structure of employment innovations, and wage formation. The …
Persistent link: https://www.econbiz.de/10011430839
This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...
Persistent link: https://www.econbiz.de/10010260459
headache on labor force participation, hours worked, and wages. We find that migraine headache is associated with a decrease in … wages. However, there is little evidence that migraine headache leads to reductions in labor force participation or hours … worked. We conclude that estimates of the cost of migraine headache to society should include its impact on wages. …
Persistent link: https://www.econbiz.de/10010291413
pension payments. Therefore, such accounts make unemployment less attractive, intensify job search, and raise employment. In … the present paper the wage and employment consequences of UISAs are investigated in a model of collective wage … determination. In the basic set-up, UISAs induce a trade union to lower wages. This effect can also arise if (1) balanced …
Persistent link: https://www.econbiz.de/10010268131
privatization of public companies impact on the distribution of employment and wages between the formal and the informal sector. We …
Persistent link: https://www.econbiz.de/10010260444
We test for mean reversion in real exchange rates using a recently developed unit root test for non-normal processes based on quantile autoregression inference in semi-parametric and non-parametric settings. The quantile regression approach allows us to directly capture the impact of different...
Persistent link: https://www.econbiz.de/10011604713
How is it possible that exchange rates move in the long run towards fundamentals, while professionals form consistently irrational exchange rate expectations? We look at this puzzle from a different perspective by analyzing investor sentiment in the US-dollar market. First, long-horizon...
Persistent link: https://www.econbiz.de/10010264930
The paper analyses whether communication and actual interventions in FX markets are successful in moving exchange rates over the medium- to long-run. It compares empirical evidence based on time-series analysis with that obtained from an eventstudy approach. Both the time-series approach based...
Persistent link: https://www.econbiz.de/10011604574