Showing 1 - 10 of 135
In this paper we explore the hypothesis that the Swedish malaise comes from the interaction of the Swedish welfare state with changes in the global marketplace. External commerce can expose Swedish workers in exporting and import-competing industries to competition from low-wage foreign workers...
Persistent link: https://www.econbiz.de/10005829291
Persistent link: https://www.econbiz.de/10005073203
No abstract.
Persistent link: https://www.econbiz.de/10010600206
The model of <link rid="b4">Akerlof, Dickens and Perry (2000)</link> (ADP) predicts that low inflation may cause unemployment to persist at high levels. When applied to U.S. data, their results strongly rejected the conventional NAIRU model. We apply the ADP model to Swedish data. The fact that our Swedish data also...
Persistent link: https://www.econbiz.de/10005305930
Persistent link: https://www.econbiz.de/10005306722
Persistent link: https://www.econbiz.de/10005314618
A recent model by Akerlof, Dickens and Perry (2000) (ADP) predicts that low inflation may cause unemployment to persist at high levels. This finding should be of major interest to European countries where inflation is targeted at low levels. We specify a small open economy version of the ADP...
Persistent link: https://www.econbiz.de/10005207094
We analyse the effects of immigration quotas on growth and discounted welfare in a North-South version of the quality ladders growth model. Immigration quotas in the North increase the growth rate of utility for all consumers. However, they lower the static utility level and discounted welfare...
Persistent link: https://www.econbiz.de/10005207098
We present the results from a repeat survey on wage rigidity in a sample of 159 Swedish firms, conducted during a prolonged period of very high unemployment and very low inflation. We document the virtual absence of wage cuts, and trace this pervasive nominal rigidity to a set of interacting...
Persistent link: https://www.econbiz.de/10005207101
We analyze the theoretical effects on growth and welfare in transition economies of emigration of educated and uneducated labor, of higher emigration probability, etc. Using a Grossman-Helpman growth model, we show that the prospects of labor market integration with the EU raises the expected...
Persistent link: https://www.econbiz.de/10005207108