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Giammarioli, Nicola - 2003

This paper investigates a dynamic general equilibrium model with search. In particular, search externalities are reßected by an increasing returns to scale matching function, which may imply an indeterminate equilibrium. Hence, the model is capable to generate business ßuctuations, driven by...

Persistent link: https://www.econbiz.de/10009635902

Temporary shocks and unavoidable transitions to a high-unemployment regime

Den Haan, Wouter J. - 2003

This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment rate) in which equilibrium selection is not conditioned on a sunspot variable. Instead, large enough shocks initiate unavoidable transitions from one regime to the other. The...

Persistent link: https://www.econbiz.de/10009635968

Equilibrium unemployment, job flows and inflation dynamics

Trigari, Antonella - 2004

In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities. Then, it estimates a set of structural parameters...

Persistent link: https://www.econbiz.de/10009636527

Gender pay differences om the European Union: Do higher wages make up for discrimination?

Canton, Erik - 2009

Persistent link: https://www.econbiz.de/10012116923

Foreign direct investment and international business cycle comovement

Jansen, W. Jos; Stokman, Ad C. J. - 2004

This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations in the period 1982–2001. We find that countries that have comparatively intensive FDI relations also have more synchronized business cycles during 1995–2001. Before 1995, we...

Persistent link: https://www.econbiz.de/10009639461

Human capital externalities and proximity evidence from repeated cross-sectional data

Canton, Erik - 2009

average human capital stock in a region on individual wages, considering regional human capital as a local public good. Indeed … statistically significant coefficient in an augmented Mincer specification. However, the impact on individual wages completely …

Persistent link: https://www.econbiz.de/10009640175

Changes in the Austrian structure of wages, 1996 - 2002

Pointner, Wolfgang; Stiglbauer, Alfred - 2010

effects of tenure and especially of experience on wages decreased over time. We adopt the Machado-Mata (2005) counterfactual … dispersion of wages. …

Persistent link: https://www.econbiz.de/10009640271

is it really a threat to wages in the west?

Polgár, Éva Katalin; Wörz, Julia - 2010

This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing … importance of foreign wages versus domestic productivity developments in an open environment. We find that trade is not an … important driver of wages, since the wage response to trade is small. Moreover, in line with the Stolper-Samuelson reasoning …

Persistent link: https://www.econbiz.de/10009640296

Changes in the Czech wage structure

Dybczak, Kamil; Galuščák, Kamil - 2010

Using the Albrecht et al. (2003) version of the Machado and Mata (2005) decomposition technique along the wage distribution, we find that immigrant workers do not affect changes in the Czech wage structure between 2002 and 2006 despite their substantial inflows. Instead, changes in the wage...

Persistent link: https://www.econbiz.de/10009640298

Wages, labor or prices

Dhyne, Emmanuel; Druant, Martine - 2010

importance of wage bargaining above the firm level, the automatic system of index-linking wages to past inflation, the limited …

Persistent link: https://www.econbiz.de/10009640316