We present a model that describes the labor supply decision of individuals under transaction costs and job-related amenities. The model indicates that individuals will respond to regional differences in wages net of transaction costs and accept higher jobamenities as compensation for low wages....

The paper describes a model for computing the trend output and the structural budget deficit in Austria. The calculation of trend output is based on a production function approach within a small macroeconomic model of the Austrian economy. A decomposition of public budgets into cyclical and...

Many countries have implemented social programmes providing long-term financial or in-kind entitlements. These programmes often focus on specific age-groups and consequently their expenditure streams are subject to demographic change. Given the strains already existing on public budgets,...