The implications of on-the-job search and learning-by-doing of young workers are studied in a search-matching model. The labor market is segmented in two sub-markets: that of beginners, and that of experienced workers offering higher wages. After a long enough employment spell, beginners can...

The efficiency of educational choices is studied in a search-matching model where individuals face a tradeoff: acquiring formal education or learning while on the job. When their education effort is successful, newcomers directly obtain a high-skill job; otherwise, they begin with a low-skill...

This paper studies the fiscal incidence of a fiscal reform consisting of a reduction in employers' social insurance contributions financed by a tax based on the value added. In a closed economy with two sectors calibrated thanks to the French National Accounts, a "social VAT" leads to a rise in...

This paper studies optimal taxation schemes for education in a search-matching model where the labor market is divided between a high-skill and a low-skill sector. Two public policy targets – maximizing the global employment level and optimizing the social surplus – are studied according to...

The research and bank model developed in this paper for the case of Indonesia is motivated by the following: 1. A recent change in banking regulations in Indonesia, like the statutory reserve requirement and full implementation of Basel II in 2011, coupled with a lack of literature to document...

The past two decades have witnessed many episodes of economic reform across the developing world. Although initiated with popular enthusiasm, sustaining and completing these reform packages has turned out to be much more difficult, with policymakers having to `walk the line' between success and...

The article investigates the interrelations between the initial members of the Euro area and five Central and Eastern European economies.Structural vector error correction approach, theoretically derived restrictions on the cointegration matrix, generalized impulse response analysisHigh degree...

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This paper presents a comparative analysis of innovation behaviour at the firm level across countries with different levels of technological development. The literature has argued mostly from a macroeconomic perspective (e.g. Silverberg and Verspagen 1995, Acemoglu – Aghion – Zillibotti...

This paper is intended as a first approach to effectiveness of the wage reduction in promoting the international competitiveness of the Portuguese economy. It is general knowledge that the promotion of international competitiveness can be promoted by three distinct pathways. The first is to...