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As the 20th anniversary of the transition to democracy approaches in 2014, the economic policy debates in South Africa are in full flow. The forthcoming Oxford Companion to the Economics of South Africa contributes to the policy and analytical debate by drawing together perspectives on a range...
Persistent link: https://www.econbiz.de/10010894477
those of unemployment in OECD members. However, there is a positive correlation between employment protection and … unemployment. I find that this result is robust to alternative setups of non-labor markets. Finally, I find that the effect of the …
Persistent link: https://www.econbiz.de/10010894498
This study presents an overlapping-generations model featuring endogenous growth, collective wage-bargaining, and probabilistic voting over fiscal policy. We charac- terize a Markov-perfect political equilibrium of the voting game within and across generations and show the following results....
Persistent link: https://www.econbiz.de/10010894640
In this paper we focus on the impact of involuntary unemployment on wage formation using experimental evidence. We use … twofold: on the one hand, we are interested in analyzing the relation between involuntary unemployment and wages; on the other … results show that unemployment has a negative impact on wages. Moreover, there is a positive correlation between wage and …
Persistent link: https://www.econbiz.de/10010894752
This paper provides an empirical investigation of the main determinants of entrepreneurial activities across three groups of countries over the period 2004–2008, by specifically examining the importance of institutional setting and economic growth on entrepreneurial activities. The...
Persistent link: https://www.econbiz.de/10010894907
worsened - employment rates fell, unemployment peaked and real wages sharply fell - as well as a significant recovery since … 2004. At present, unemployment rates are located at a historical minimum. Also, since 2007 labor earning inequality started … the recent national dialogue promoted by the MTSS. Secondly, although total unemployment is no longer considered a concern …
Persistent link: https://www.econbiz.de/10010894939
(“jubilación por despido”) and unemployment insurance, directed to protect from non-seasonal unemployment,and funds for … unemployment compensation, directed to seasonal unemployment. During the first half of the 20th century the instrument applied was …. Several measures were taken in order to solve the problem, the main of them being the so-called unemployment subsidy. However …
Persistent link: https://www.econbiz.de/10010894944
The aim of this paper is to explain the Uruguayan unemployment dynamic using the theoretical framework of the Chain … Reaction Theory (CRT). Changes in unemployment are viewed as “chain reactions” of responses to external shocks, working their … whether the long term unemployment rate would converge to equilibrium level or is explained by the interplay between external …
Persistent link: https://www.econbiz.de/10010894968
recession of 1997-98. To address the unemployment challenge New Zealand needs to supplement existing job search assistance with …
Persistent link: https://www.econbiz.de/10010895297
The material within these pages shows that Barbados, a Caribbean country with just over a quarter of a million people, embodies many of the classic vulnerabilities of an island with a small open economy, yet aspires to developed-country status, and is already well advanced on the road to...
Persistent link: https://www.econbiz.de/10010895474