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A New Approach for the General Equilibrium Analysis. Increase of the Production and Employment with Monetary and Fiscal Boosts
Nomidis, Dimitrios - 2014
The purpose of this paper is to present an approach with regard to the dynamic process of the general equilibrium during the business cycle fluctuations following monetary and fiscal interventions, which, I think, could contribute to bridging the differences between the different schools of...
Persistent link: https://www.econbiz.de/10013053400
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Employment, fiscal Policy and Oligopsonistic Labour Market
Tamai, Toshiki - In: Australian Journal of Labour Economics (AJLE) 12 (2009) 3, pp. 321-337
This paper presents an investigation of the dynamic effects of fiscal policy in an inter-temporal optimisation model with an oligopsonistic labour market. In an oligopsonistic labour market, fiscal policy expands employment through a shift of labour demand and supply curves. Fiscal policy has a...
Persistent link: https://www.econbiz.de/10008542535
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Cyclical Earnings, Career and Employment Transitions
Carrillo-Tudela, Carlos; Visschers, Ludo; Wiczer, David - 2022
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10014243686
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Cyclical Earnings, Career and Employment Transitions
Carrillo-Tudela, Carlos; Visschers, Ludo; Wiczer, David - 2022
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10014244266
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Why Are Japanese Wages so Sluggish?
Sommer, Martin - International Monetary Fund (IMF) - 2009
Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries … protection and benefits between regular and nonregular workers could help put Japan's wages on an upward trajectory in the medium …
Persistent link: https://www.econbiz.de/10004999951
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The effects of the new statutory minimum wage in Germany: a first assessment of the evidence
Bruttel, Oliver - In: Journal for Labour Market Research 53 (2019) 10, pp. 1-13
wages and the wage distribution including issues of compliance in relation to the implementation of the new minimum wage, on … profits. The evidence shows that the minimum wage has increased hourly wages significantly, while the effect on monthly …
Persistent link: https://www.econbiz.de/10012208428
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The effects of the new statutory minimum wage in Germany : a first assessment of the evidence
Bruttel, Oliver - In: Journal for labour market research 53 (2019) 10, pp. 1-13
wages and the wage distribution including issues of compliance in relation to the implementation of the new minimum wage, on … profits. The evidence shows that the minimum wage has increased hourly wages significantly, while the effect on monthly …
Persistent link: https://www.econbiz.de/10012148996
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Corporate income tax, legal form of organization, and employment
Chen, Daphne; Qi, Shi; Schlagenhauf, Don E. - Federal Reserve Bank of St. Louis - 2014
We adopt a dynamic stochastic occupational choice model with heterogeneous agents and evaluate the impact of a potential reduction in the corporate income tax on employment. We show that a reduction in corporate income tax leads to moderate job creation. In the extreme case, the elimination of...
Persistent link: https://www.econbiz.de/10010812214
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Sharing Economy: Dynamic General Equilibrium Effects
Nalbach, Eva - 2018
Developments in digital technologies enabled the emergence and rapid growth of the sharing economy predicted to account for up to 5% of EU GDP in coming years. This paper contextualises these developments within a dynamic two sector model of the economy and analyses the effects of efficiency...
Persistent link: https://www.econbiz.de/10011892148
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The Endogeneity of the Natural Rate of Growth : An Application to Turkey
Acikgoz, Senay - 2016
The purpose of this paper is to examine the sensitivity of the Turkish economy's natural rate of growth to the actual rate of growth, covering the period 1980-2008. To determine the reason why the natural rate of growth is endogenous, the long-run and the causality relationships between real...
Persistent link: https://www.econbiz.de/10012989179