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Performance pay and the gender wage gap: Evidence from Spain

de la Rica, Sara; Dolado, Juan José; Vegas, Raquel - 2010

This paper uses detailed information from a large wage survey in 2006 to analyze the gender wage gap in the performance-pay (PP) component of total hourly wages and its contribution to the overall gender gap in Spain. Under the assumption that PP is determined in a more competitive fashion than...

Persistent link: https://www.econbiz.de/10010276407

The empirical relation between credit quality, recovery and correlation

Rösch, Daniel; Scheule, Harald - 2009

Credit risk is an important issue in many finance areas, such as the determination of cost of capital, the valuation of … corporate bonds and pricing of credit derivatives. Credit risk has also been a cause and consequence of the current financial … crisis. Thus, methods for measuring credit risk, default probabilities, and recoveries have caught more and more attention in …

Persistent link: https://www.econbiz.de/10010276410

Long-run inflation-unemployment dynamics: The Spanish Phillips curve and economic policy

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2008

This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in the growth rate of the money supply. We examine the Phillips curve from the perspective of what we call "frictional growth", i.e. the interaction between money growth and...

Persistent link: https://www.econbiz.de/10010276415

A reappraisal of the inflation-unemployment tradeoff

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2002

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth? describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...

Persistent link: https://www.econbiz.de/10010276419

The evolution of inflation and unemployment: Explaining the roaring nineties

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007

This paper analyses the relation between US inflation and unemployment from the perspective of "frictional growth," a phenomenon arising from the interplay between growth and frictions. In particular, we examine the interaction between money growth (on the one hand) and various real and nominal...

Persistent link: https://www.econbiz.de/10010276420

Long-run inflation-unemployment dynamics: The Spanish Phillips curve and economic policy

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2007

Persistent link: https://www.econbiz.de/10010276422

Unemployment in the European Union: Institutions, prices, and growth

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2004

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the interplay between these adjustment processes and the...

Persistent link: https://www.econbiz.de/10010276423

The evolution of inflation and unemployment: Explaining the roaring nineties

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007

This paper argues that there is a nonzero inflation-unemployment tradeoff in the long-run due to frictional growth, a phenomenon that encapsulates the interplay of nominal staggering and money growth. The existence of a downward-sloping long-run Phillips curve suggests the development of a...

Persistent link: https://www.econbiz.de/10010276425

Does Parental Divorce Affect Adolescents' Cognitive Development? : Evidence from Longitudinal Data

Sanz-de-Galdeano, Anna; Vuri, Daniela - 2004

In this paper we analyse data from the National Education Longitudinal Study of 1988 to investigate whether experiencing parental divorce during adolescence reduces measured cognitive ability. To account for the potential endogeneity of parental divorce we employ a difference-in-differences...

Persistent link: https://www.econbiz.de/10010276429

Benchmarking Structural Change in Transition

Raiser, Martin; Schaffer, Mark E.; Schuchhardt, Johannes - 2003

The transition to market-based economic systems in the countries of Central and Eastern Europe and the former Soviet Union involves fundamental shifts in the allocation of resources and deep changes in the structure of production and employment. This paper uses a simple model of economic...

Persistent link: https://www.econbiz.de/10010276430