The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...

This paper explains the theoretical background, the analytical methods, calibrations, assumptions and computations of the skill inputs for the WorldScan analysis on the skills targets of the Lisbon agenda. The Lisbon skills targets are implemented in WorldScan using most recent theoretical and...

The effect of labour costs on industry profits, employment and labour income is at the heart of the current European debate on industry competitiveness. High wages paid in European countries such as Germany are generally considered harmful for industry profitability. Although, high wages also...

Book review of Suárez Suárez, A. S. (2001): "Nueva Economía y nueva sociedad. Los grandes desafíos del siglo XXI", Prentice-Hall.

En tiempos de crisis económicas, con altas tasas de paro, no debemos desconsiderar ninguna política susceptible de crear empleo. La reducción de la jornada laboral es una de ellas. La aplicación de cualquier política puede tener consecuencias distintas si se aplica en contextos diferentes....

This paper introduces an overlapping generations model of the principal-agent problem. all individuals are workers when young, but have a choice between becoming entrepreneurs or remaining workers when old. Bargaining power and incentive contracts in the principle-agent relationships are...

This paper introduces a labor force participation choice into a labor market matching model embedded in a dynamic stochastic general equilibrium set-up with production and savings. The participation choice is modelled as a tradeoff between forgoing the expected benefits of being search active...

This paper offers a theoretical exploration and empirical outlook towards a triptych heretofore not properly investigated: atypical work (e.g., self-employed, agency workers, and workers with a fixed-term contract), participation within the firm, and innovation. How, it must be asked, can and...

The paper examines the optimal level of training investment when trained workers are mobile, wage contracts are time-consistent, and training comprises both specific and general skills. It is shown that, in the absence of a social planner, the firm has ex-post monopsonistic power that drives...