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Proponents of minimum wage increases have argued that such hikes can serve as an engine of economic growth and assist low-skilled individuals during downturns in the business cycle. However, a review of the literature provides little empirical support for these claims. Minimum wage increases...
Persistent link: https://www.econbiz.de/10011434456
To account for employment evolutions at the macro-economic level, we propose a modelling where employment is explained by added value, working time and real labour cost. Estimations using quarterly French macro-economic data are carried out in a multivariate framework for three sets of sectors....
Persistent link: https://www.econbiz.de/10013319764
We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
Persistent link: https://www.econbiz.de/10011667675
We provide a structured overview of the quantitative literature on the economic impacts of telecommunications networks and broadband internet. Differentiating between wireline and wireless technologies as well as broadband availability and broadband adoption, respectively, we review studies...
Persistent link: https://www.econbiz.de/10011522665
As its workforce ages and major economies shift towards producing higher value-added goods and services, New Zealand will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need to come increasingly from productivity gains, and...
Persistent link: https://www.econbiz.de/10009769652
Persistent link: https://www.econbiz.de/10012440058
This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous...
Persistent link: https://www.econbiz.de/10005106368
labour market policies; competition policy reform; the liberalisation of product markets, in particular the energy …, telecommunication and transport sectors; policies to foster entrepreneurship; and financial market reform, including the implementation … of a better corporate governance regime. A number of Annexes provide additional information on the reform of the energy …
Persistent link: https://www.econbiz.de/10012444703
als in Deutschland unterstützt. Dies wurde durch einen Mindestlohn und eine ausgeprägte allgemeine Arbeitszeitverkürzung …
Persistent link: https://www.econbiz.de/10003775398
Persistent link: https://www.econbiz.de/10008663364