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I discuss some key issues raised by behavioral economics for better understanding the working of the labor market. Amongst the key points in this paper are: (i) a revised modeling of the labor supply curve, with a specific focus on the target income approach (ii) elaborating on the importance of...
Persistent link: https://www.econbiz.de/10013050704
This Selected Issues paper explores the economic consequences of aging and its impact on long-term fiscal sustainability for Cyprus. The study analyzes the potential macroeconomic impact of different approaches to deal with the fiscal costs of aging. It goes beyond a simple quantification of the...
Persistent link: https://www.econbiz.de/10011243631
substantiate the union’s claim of ‘full wage compensation’, however: reductions in standard hours were accompanied by a relative …
Persistent link: https://www.econbiz.de/10005114354
after the start of the experiment. According to our results, the reduction in the payroll-taxes led to an increase in wages … in the target region. The point estimates indicate that the increase in wages offset roughly half of the impact of the …
Persistent link: https://www.econbiz.de/10013157349
likelihood of native workers. Impacts on wages are positive for likely unauthorized women suggesting a large labor supply … impact that the enactment of various types of E-verify mandates may have on the employment and wages of these two populations … reduction. For native-born workers, hourly wages also increase and provide some evidence of substitutability of unauthorized …
Persistent link: https://www.econbiz.de/10009753850
At first blush, most advances in labour demand were achieved by the late 1980s. Since then progress might appear to have stalled. We argue to the contrary that significant progress has been made in understanding labour market frictions and imperfections, and in modelling search behaviour and...
Persistent link: https://www.econbiz.de/10010345537
and wages, employment, productivity, and economic output in China. The findings indicate that union density does not … extent these findings are consistent with the familiar two faces of unions model and alternative explanations relevant in the …
Persistent link: https://www.econbiz.de/10013066453
and around the time that temporary disability insurance benefits are exhausted for women - is consistent with causal … life and possibly also on wages. …
Persistent link: https://www.econbiz.de/10010398868
likelihood of native workers. Impacts on wages are positive for likely unauthorized women suggesting a large labor supply … impact that the enactment of various types of E-verify mandates may have on the employment and wages of these two populations … reduction. For native-born workers, hourly wages also increase and provide some evidence of substitutability of unauthorized …
Persistent link: https://www.econbiz.de/10014532778
likelihood of native workers. Impacts on wages are positive for likely unauthorized women suggesting a large labor supply … impact that the enactment of various types of E-verify mandates may have on the employment and wages of these two populations … reduction. For native-born workers, hourly wages also increase and provide some evidence of substitutability of unauthorized …
Persistent link: https://www.econbiz.de/10013080870