Showing 1 - 10 of 125
This paper structurally models and estimates the employment effects of minimum wages in inflexible labor markets with fixed employment costs. When there are fixed costs associated with employment, minimum wage regulation not only results in a reduction in employment among low productivity...
Persistent link: https://www.econbiz.de/10012724803
The Great Recession and its aftermath saw the worst relative performance of young firms in at least 35 years. More broadly, as we show, young-firm activity shares move strongly with local economic conditions and local house price growth. In this light, we assess the effects of housing prices and...
Persistent link: https://www.econbiz.de/10012894761
In this study we use a long run macroeconomic model for Austria to simulate the effects of aging on employment, output growth, and the solvency of the social security system. By disaggregating the population into six age cohorts and modelling sex specific participation rates for each cohort, we...
Persistent link: https://www.econbiz.de/10009728976
The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the welfare state are analysed. Cutting public spending on private goods induces a lower interest rate, a higher wage, a lower capital stock and a fall in employment. Cutting public...
Persistent link: https://www.econbiz.de/10011506465
In this paper we develop a long run macroeconomic model for Austria to simulate the effects of aging on employment, output growth, and the solvency of the social security system. By disaggregating the population into six age cohorts and modelling sex specific participation rates for each cohort,...
Persistent link: https://www.econbiz.de/10011494506
This paper gauges the potential effects on employment of rebalancing China's export-oriented growth model toward domestic demand, particularly private consumption. Shifting to a private consumption-led growth likely means more demand for existing and new services as well as reorienting the...
Persistent link: https://www.econbiz.de/10013156100
We follow a representative panel of millions of consumers in the U.S. from 2007 to 2017 and document several facts on the long-term effects of the Great Recession. There were about six million foreclosures in the ten-year period after Lehman's collapse. Owners of multiple homes accounted for 25%...
Persistent link: https://www.econbiz.de/10012896580
The macroeconomic effects of different ways of rolling back the welfare state are analysed. Cutting public spending on market goods induces a lower interest rate, a higher wage, a lower capital stock, and a fall in employment. Cutting public employment or the labour income tax rate leads, in...
Persistent link: https://www.econbiz.de/10012760868
This paper employs a VAR model, to investigate the response of private and public employment, the trade balance and the real effective exchange rate to fiscal policy shocks for South Africa during the period 1994:1-2008:4. The results reveal that in the short run, a positive shock to government...
Persistent link: https://www.econbiz.de/10012856863
In this commentary we are using raw statistical data to tell the story of how the COVID-19 pandemic impacted employment prospects of women in the United States. However, this is not a story focusing on healthcare, but is more about the extrinsic principles and market forces that impact...
Persistent link: https://www.econbiz.de/10013220188