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Cyclical and welfare effects of public sector unions in a Real-Business-Cycle model

Vasilev, Aleksandar - 2013

Motivated by the highly-unionized public sectors, the high public shares in total employment, and the public sector wage premia observed in Europe, this paper examines the importance of public sector unions for macroeconomic theory. The model gen- erates cyclical behavior in hours and wages that...

Persistent link: https://www.econbiz.de/10011493226

Migration, Unemployment, and Over-qualification: A Specific Factors-Model Approach

Muysken, Joan; Vallizadeh, Ehsan; Ziesemer, Thomas - 2012

This paper analyses the impact of the skill composition of migration flows on the host country's labour market in a specific-factors-two-sector model with heterogeneous labour (low, medium, and high skill) and price- and wage-setting behaviour. The low- and medium-skilled labour markets are...

Persistent link: https://www.econbiz.de/10010310954

Macroeconomic effects of public-sector unions

Vasilev, Aleksandar - 2015

Motivated by the highly-unionized public sectors, the high public shares in total employment, and the public-sector wage premia observed in Europe, this paper examines the importance of public-sector unions for macroeconomic theory. The model generates cyclical behavior in hours and wages that...

Persistent link: https://www.econbiz.de/10011507769

How large are fiscal multipliers in Turkey?

Şen, Hüseyin; Kaya, Ayşe - 2017

Using the augmented version of the Blanchard - Perotti’s SVAR technique, this paper seeks to empirically estimate the size of fiscal multipliers in Turkey over the period 2002:q3-2016:q2. In contrast to many previous papers that concentrate on fiscal policy instruments -taxes and government...

Persistent link: https://www.econbiz.de/10011669928

Long-term effects of subsidies on firm growth: introducing the concept of outcome additionality

Goerke, Björn; Albers, Sönke - 2016

Public agencies provide subsidies for small and medium sized businesses (SMEs) to foster their development in terms of employment and sales. Although input and output additionality have been researched intensively little is known about the actual long-term effects of subsidies on SME growth....

Persistent link: https://www.econbiz.de/10011487009

Effect of Exchange Rate Volatility on Tax Revenue Performance in Sub-Saharan Africa

Ofori, Isaac Kwesi; Obeng, Camara Kwasi; Mwinlaaru, … - 2021

Efforts to spur growth in sub-Sahara Africa have been intensified amid structural and institutional constraints. Tax revenue, the chief source of funding for developmental purposes in SSA remains low and unstable. In fact, the SSA sub-region finds it difficult generating tax revenue up to 20 per...

Persistent link: https://www.econbiz.de/10012512950

Social norms on rent seeking and preferences for redistribution

Sabatini, Fabio; Sarracino, Francesco; Yamamura, Eiji - 2014

Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of … significantly and positively affects preferences for redistribution. On the other hand, living in an area where most citizens do not … stigmatize rent seeking, makes men more favourable to redistribution, which may be seen as a social equalizer in an unfair …

Persistent link: https://www.econbiz.de/10010369526

Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area

Adam, Klaus; Zhu, Junyi - 2014

We document the presence of sizable distributional effects from unexpected price level movements in the Euro Area (EA) using sectoral accounts and newly available data from the Household Finance and Consumption Survey. The EA\ as a whole is a net winner of unexpected price level increases, with...

Persistent link: https://www.econbiz.de/10010378324

Civic capital and support for the welfare state

Cerqueti, Roy; Sabatini, Fabio; Ventura, Marco - 2017

We model how the interplay between tax surveillance institutions and civic capital shapes taxpayers' support for welfare state. We show that, when tax surveillance is tight, rational civic-minded individuals express greater support for welfare spending than uncivic ones. We provide empirical...

Persistent link: https://www.econbiz.de/10011746791