Zwei wesentliche Perspektiven, Arbeitslosigkeit zu untersuchen, sind die der Gerechtigkeit und die der Effizienz. Unverschuldete Arbeitslosigkeit wird als ungerecht empfunden. Zugleich wird häufig argumentiert, dass Arbeitslosigkeit zu gesellschaftlichen Wohlfahrtseinbußen führt, da Arbeit...

This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...

Now that Congress has passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, regulators promulgating the rules under this new bill must tackle a major problem that the reform bill addresses only indirectly. This is the problem of excessive “leverage” – financing with too...

This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...

Despite high living standards and a nearly universal healthcare provision, large cross-country differences in population health exist in the European Union. More than half of this variation remains unexplained after accounting for macro-level factors. In our paper, we aim to understand how...

This paper gives an overview of the main areas of labour market research to which the Luxembourg Income Study (LIS) and the Luxembourg Employment Study (LES) projects have contributed and stresses how the characteristics of the two data-bases have allowed researchers to explore specific topics....

Using a linked employer-employee census for Brazil, this paper studies the relative importance of inequality between and within firms in explaining both levels and changes over time in overall earnings inequality. During the 1999-2013 period, the sharp decline in overall inequality in Brazil has...

We review the literature on the rich, the affluent and the top incomes earners focusing on the determinants of affluence or richness. The review surveys empirical results about the composition of the income and wealth of the rich and its direct determinants, such as individual characteristics,...

Financialization period is the most important crossroads of the neoliberal globalization policies. Neoliberal economic policies are created after the 1980 worldwide financial capital in the reorganization of the globalized world with the expansion of the leading and dominant opinion. After...

We analyze the role of selection bias in generating the changes in the observed distribution of female hourly wages in the United States using CPS data for the years 1975 to 2020. We account for the selection bias from the employment decision by modeling the distribution of the number of working...