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Markets and Jungles
Gall, Thomas; Masella, Paolo - 2010
efficiency and amplifying macroeconomic fluctuations, depends on social mobility, initial inequality, and the mismatch between … to coalitional expropriation. More equally distributed power and higher congruence of land and power favor stable markets …. Whether markets are stable forever in a dynamic setting, or alternate with expropriation in a limit cycle, decreasing …
Persistent link: https://www.econbiz.de/10010270170
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A Joint Theory of Polarization and Deunionization
Föll, Tobias; Hartmann, Anna - 2019
polarization and the increasing income inequality. …
Persistent link: https://www.econbiz.de/10012099120
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Bargaining Power and the Labor Share - a Structural Break Approach
Kraft, Kornelius; Lammers, Alexander - 2021
In this paper we investigate the relevance of bargaining institutions for the decline of the labor share. Several explanations for the decline exist, which consider the relevance of technology, globalization and markups. Neglected so far is the influence of bargaining institutions, in particular...
Persistent link: https://www.econbiz.de/10012623088
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What is Happening with the Government Expenditure of Developing Countries - A Panel Data Study
Shonchoy, Abu - 2010
The paper focuses on the recent pattern of government expenditure for developing countries and estimates the determinants which may have influenced government expenditure. Using a panel data set for 111 developing countries from 1984 to 2004, this study finds evidence that political and...
Persistent link: https://www.econbiz.de/10010301505
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The gap between potential entrepreneurship and actual entrepreneurship: an inter-continental comparative analysis
Rodil, Óscar; Morales, Diana - 2015
The aim of this paper is to analyze the difference between the rates of potential entrepreneurship and actual entrepreneurship in European and American context, trying to identify some of the explanatory factors. For this purpose an institutional approach is used, which includes the role of...
Persistent link: https://www.econbiz.de/10011400478
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Does Short-Time Work Save Jobs? A Business Cycle Analysis
Merkl, Christian; Balleer, Almut; Gehrke, Britta; … - 2013
unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline … fluctuations by 15% and output fluctuations by 7%. Given the small share of short-time work expenses in terms of GDP, the …
Persistent link: https://www.econbiz.de/10010329256
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Unraveling the Relationship between Presidential Approval and the Economy - A Multi-Dimensional Semi-Parametric Approach
Enkelmann, Sören; Berlemann, Michael; Kuhlenkasper, Torben - 2013
Empirical studies analyzing the determinants of U.S. presidential popularity have delivered quite inconclusive results concerning the role of economic variables by assuming linear relationships. We employ penalized spline smoothing in the context of semi-parametric additive mixed models and...
Persistent link: https://www.econbiz.de/10010329363
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Identifying Asymmetric Effects of Labor Market Reforms
Weber, Enzo; Gehrke, Britta - 2018
This paper proposes a novel approach to identify structural long-term driving forces of the labor market and their state dependent effects. Based on search and matching theory, our empirical model extracts these driving forces within an unobserved components approach. We relate changes in the...
Persistent link: https://www.econbiz.de/10011892018
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Pension Policy Challenges and Communication Solutions
Mihály, Nikolett; Komáromi, Nándor - 2017
A The most important question of our study is to find out what pension policy procedures are necessary to effectively respond to the challenges of an aging population as well as changes in the composition of employees. The main issue of our paper is how pension policy can effectively respond to...
Persistent link: https://www.econbiz.de/10011920401
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Social Safety Nets, Economic Freedom and Public Policy
Kaur, Simrit - 2009
What is the relationship between social welfare, safety nets and economic freedom? Arguably, if economic freedom (EF) promotes growth and if it trickles down EF promotes larger freedoms (e.g. a healthy and productive life, free from want and deprivation). However, higher EF by definition entails...
Persistent link: https://www.econbiz.de/10010301466