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Using a newly constructed macroeconometric model for Germany and the rest of the Euro area, we investigate the … macroeconomic effects of structural labor market reforms in Germany. We find that neither the fact that Germany can no longer pursue … Germany by implementing labor market reforms themselves constitute impediments to successful reforms. Reforms would relative …
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administrative (social security) data from Italy between 1985 and 2016. During the time covered by our data, earnings inequality and … contributed to the slowdown in labor productivity in Italy by delaying human capital accumulation (in the form of general and firm …
Persistent link: https://www.econbiz.de/10013300847
Using new quarterly narrative evidence, this paper examines the macroeconomic impact of reforms of unemployment benefits (UB) and employment protection legislation (EPL) in the euro area from a Bayesian narrative panel VAR. The approach complements existing micro-econometric evidence by aligning...
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The answer to competition from emerging countries with low wage costs must be very different according to the affected sector. We need to draw a distinction between manufacturing industry and services that can be relocated and other sectors: consumer services, retail, construction, most business...
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In 2012, a labour market reform in Italy known as the Fornero Law substantially reduced firing restrictions for open …
Persistent link: https://www.econbiz.de/10012138325