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Monetary policy and inequality under labor market frictions and capital-skill complementarity
Dolado, Juan J.; Motyovszki, Gergö; Pappa, Euē - 2018
unexpected monetary easing increases labor income inequality between high and low-skilled workers, and that the interaction … targeting is often the most successful rule in stabilizing measures of earnings inequality even in the presence of shocks which …
Persistent link: https://www.econbiz.de/10011853562
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Monetary Policy and Inequality Under Labor Market Frictions and Capital-Skill Complementarity
Dolado, Juan Jose - 2018
unexpected monetary easing increases labor income inequality between high and low-skilled workers, and that the interaction … targeting is often the most successful rule in stabilizing measures of earnings inequality even in the presence of shocks which …
Persistent link: https://www.econbiz.de/10012919514
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Pandemics and Automation : Will the Lost Jobs Come Back?
Saadi-Sedik, Tahsin; Yoo, Jiae - 2021
empirically the impact of past major pandemics on robot adoption and inequality. First, we find that pandemic events accelerate …, while robots may raise productivity, they could also increase inequality by displacing low-skilled workers. We find that … following a pandemic, the increase in inequality over the medium term is larger for economies with higher robot density and …
Persistent link: https://www.econbiz.de/10013243046
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How Effective Were Job-Retention Schemes During the COVID-19 Pandemic? A Microsimulation Approach for European Countries
Lam, W. Raphael; Solovyeva, Alexandra - 2023
rise in the unemployment rate, by about 3 percentage points, and income inequality during the pandemic. Our results show …
Persistent link: https://www.econbiz.de/10014254891
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Unpacking global shocks
Graziano, Alejandro G.; Tian, Yuan - 2024
Economy-wide shocks affect demand, supply, and intermediary sectors simultaneously. We dissect the impact of the Covid-19 pandemic on international trade by combining information from customs records, smartphone-based human mobility, and container ship port calls. We find that local disruptions...
Persistent link: https://www.econbiz.de/10015057719
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The distributional impact of labour market reforms : a model-based assessment
Röger, Werner; Varga, Janos; Veld, Jan in 't; Vogel, Lukas - 2019 - This version: 16 October 2019
This paper studies the effects of labour market reforms on the functional distribution of income in a DSGE model (Roeger et al., 2008) with skill differentiation, in which households supply three types of labour: low-, medium- and high-skilled. The households receive income from labour, tangible...
Persistent link: https://www.econbiz.de/10012118569
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Inequality-constrained monetary policy in a financialized economy
Fierro, Luca Eduardo; Giri, Federico; Russo, Alberto - 2023
We study how income inequality affects monetary policy through the inequality-household debt channel. We design a … rate and decreasing bankruptcies during the household's debt boom phase. When inequality meets financial liberalization, a … that inequality may constrain the central bank, even when it is not explicitly targeted. …
Persistent link: https://www.econbiz.de/10013548811
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International Trade, Female Labor, and Entrepreneurship in MENA Countries
Contessi, Silvio - 2014
Middle Eastern and North African (MENA) countries stand out in international comparisons of de jure obstacles to female employment and entrepreneurship. These obstacles manifest themselves in low rates of female labor participation, entrepreneurship, and ownership. Recent research suggests a...
Persistent link: https://www.econbiz.de/10013065113
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Potential international employment effects of a hard Brexit
Brautzsch, Hans-Ulrich; Holtemöller, Oliver - 2019
We use the World Input Output Database (WIOD) to estimate the potential employment effects of a hard Brexit in 43 countries. In line with other studies we assume that imports from the European Union (EU) to the UK will decline by 25% after a hard Brexit. The absolute effects are largest in big...
Persistent link: https://www.econbiz.de/10011971181
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Foreign demand shocks to production networks : firm responses and worker impacts
Dhyne, Emmanuel; Kikkawa, Ayumu Ken; Komatsu, Toshiaki; … - 2022
We quantify and explain the firm responses and worker impacts of foreign demand shocks to domestic production networks. To capture that firms can be indirectly exposed to such shocks by buying from or selling to domestic firms that import or export, we use Belgian data with information on both...
Persistent link: https://www.econbiz.de/10013365085