This paper develops a dynamic general equilibrium model in which the public and the private sector interact in the labor market. Previous studies that analyze the labor market effects of public sector employment and wages have mostly assumed exogenous rules for public wage and public employment....

Part I. Setting the stage -- Chapter 1. Introduction and motivation / Eelke de Jong -- Chapter 2. National culture in the three types of market economies / Eelke de Jong and Annemiek Schilpzand -- Part II. Economic ideas -- Chapter 3. The morality of the market process and the normative...

"All human beings develop a certain view on the world, and individuals belonging to the same national cultures are likely to develop very similar views with one another. In this same manner, academic economists and policymakers are consistently exposed to the same view on the preferred way of...