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Using a two-agent model comprised of capitalists and workers, this paper examines the importance of imperfect competition in product and labour markets in determining the welfare effects of tax reform. The reform considered consists of eliminating the capital tax alongside a concurrent rise in...
Persistent link: https://www.econbiz.de/10010665917
This paper analyzes the welfare effects of unemployment insurance reforms in a general equilibrium incomplete market model. In particular, it decomposes the total welfare effect for each individual into different factors. I consider a model where the consumers face an uninsurable unemployment...
Persistent link: https://www.econbiz.de/10010719793
Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We answer this … question by exploring the state-dependent impact of fiscal spending shocks on employment by gender in the G-7 countries. Using … the local projection method, we find that, during recessions, a positive fiscal spending shock increases female employment …
Persistent link: https://www.econbiz.de/10013368240
The contribution of aggregate demand to employment creation is a fact universally accepted in the specialty literature …, there being the idea that between aggregate demand and employment there is a direct and bivalent relationship. In our study …) on employment in Romania, in the period between 1990 and 2009. The results of this research show that, in Romania, in the …
Persistent link: https://www.econbiz.de/10010592966
Employment to population ratios differ markedly across Organization for Economic Cooperation and Development (OECD … study postulates that differences in social security features explain many differences in employment to population ratios at …
Persistent link: https://www.econbiz.de/10011051896
Would countercyclical fiscal policy during recessions improve or worsen the gender employment gap? We answer this … question by exploring the state-dependent impact of fiscal spending shocks on employment by gender in the G-7 countries. Using … the local projection method, we find that, during recessions, a positive fiscal spending shock increases female employment …
Persistent link: https://www.econbiz.de/10014553754
The aim of this article is to discuss why we should synthesize feminist and post-Keynesian/Kaleckian economics. We answer three related questions. Why does post-Keynesian economics need feminist economics? Why does feminist economics need post-Keynesian macroeconomics? Finally, what is the...
Persistent link: https://www.econbiz.de/10014481014
The public sector hires disproportionately more educated workers. To rationalize this finding, we propose a model with a perfectly competitive private sector, and non-Walrasian public sector. Our economy also features heterogeneity across individuals and jobs, and a simple sorting mechanism that...
Persistent link: https://www.econbiz.de/10012803194
The aim of this article is to discuss why we should synthesize feminist and post-Keynesian/Kaleckian economics. We answer three related questions. Why does post-Keynesian economics need feminist economics? Why does feminist economics need post-Keynesian macroeconomics? Finally, what is the...
Persistent link: https://www.econbiz.de/10014433732
paper derives the employment function in the modern monetary economy. Thereby it is explained that full employment policy is … explained that there is no trade-off between full employment and sustainable price stability. …
Persistent link: https://www.econbiz.de/10008554148