This paper analyses the level of inequality in Spain and how it evolved over the course of the past crisis and the early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption and wealth inequality, and studies how they have...

In der öffentlichen Debatte werden vor dem Hintergrund von Studien zur Automatisierbarkeit von Berufen immer wieder Stimmen laut, dass Industrie 4.0 und Digitalisierung massive Jobverluste nach sich ziehen könnten. Der lange Weg von der Entwicklung neuer Technologien in die betriebliche Praxis...

Labour input in Estonia remains lower than before the crisis. Skill mismatches between workers and jobs contribute to structural unemployment and emigration, notably among young, employed workers, has reduced labour supply. Although the government has lowered labour taxes and further reductions...

We analyze the consequences of an increase in the supply of highly educated workers on relative and real wages in a search model where wages are set by Nash-bargaining. The key insight is that an increase in the supply of highly educated workers improves the firms' outside option. As a...