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This article analyses the impact of the unemployment level and the wage inequalities among economic sectors on the … policy of unemployment and investment …
Persistent link: https://www.econbiz.de/10013117589
distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment … and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10010262571
Persistent link: https://www.econbiz.de/10009408530
Using an intertemporal model of saving and capital accumulation with two types of agents (workers and capitalists) we demonstrate that it is impossible for any binding minimum wage to increase the after-tax incomes of workers if the production function is Cobb-Douglas with constant returns to...
Persistent link: https://www.econbiz.de/10011481224
Persistent link: https://www.econbiz.de/10011507847
This paper analyses the influence of norms of fairness on wage formation. Fairness is defined by "real-wage" and "relative-wage" norms that relate wage offers to workers' own current wage and to the wages of other groups of workers, and, to avoid shirking, firms pay fair wages. The wage norms...
Persistent link: https://www.econbiz.de/10011527150
Persistent link: https://www.econbiz.de/10012050765
There is much evidence that relative income concern reduces subjective wellbeing and raises labour supply - "keeping up with the Joneses" (KUJ), while increasing use of social media and growing inequality encourage comparison. Models with one or two agent-types generally miss the policy relevant...
Persistent link: https://www.econbiz.de/10012034986
redistribution in response to rising unemployment was weaker in 2008‐13 than in the first half of the 1990s. As unemployment and … more permissive of cuts in unemployment insurance generosity and income assistance to the poor. At constant generosity, the … employees do not have the same access to unemployment benefits as permanent employees. …
Persistent link: https://www.econbiz.de/10011585191
progressivity acts on unemployment and can moderate the trade-off between equity and efficiency. We finally provide numerical …
Persistent link: https://www.econbiz.de/10011659367