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framework is used to illustrate the relation between the budget deficit and the pace of restructuring, unemployment, and the …
Persistent link: https://www.econbiz.de/10005661743
This paper presents an investigation of the empirical significance of the Lucas Critique for the Phillips Curve. The investigation is carried out with annual historical time series for the United Kingdom (1857-1987) and the United States (1892-1987). The results, for two different models of the...
Persistent link: https://www.econbiz.de/10005661752
Development and convergence is explained as the transfer of technology embodied in machinery, to the manufacturing sector of those developing countries that institute the necessary property rights. The process is modelled within a Heckscher-Ohlin-Samuelson framework with capital mobility and...
Persistent link: https://www.econbiz.de/10005661920
This Paper studies the border between shadow employment and unemployment. It argues that the two macroeconomic … the labour market trade-off implied by ‘shadow reducing policies’, it suggests that economies with low unemployment … perform original empirical work on the border between employment, unemployment and inactivity, and we find that Italian shadow …
Persistent link: https://www.econbiz.de/10005662043
forecasting unemployment evolution or analysis of the relationship between existing conditions of employment and job satisfaction …
Persistent link: https://www.econbiz.de/10008487214
Adam Smith considered poverty and unemployment as push factors for migration and wages high enough to provide for a … worker and his family as a pull factor. Migration as a free mobility of labour leads to an optimal allocation of the factor …
Persistent link: https://www.econbiz.de/10008487303
diminished dramatically. Besides other factors that reduces women’s LFP in urban areas, ongoing migration from rural to urban … areas seems to play the dominant role in this result. It appears that as a result of migration rural female workers are left …
Persistent link: https://www.econbiz.de/10008555442
wage inequality and unemployment. We find that an increase in the flows of capital from the parent country to the host … discourages the urban unemployment of the parent and host countries. …
Persistent link: https://www.econbiz.de/10008555944
Labour market reforms face very often opposition from the employed workers, because it normally reduces their wages. Also product market regulations are regularly biased towards too much benefitting the firms. As a result there remain many frictions in both the labour and product markets that...
Persistent link: https://www.econbiz.de/10005572158
We examine whether minimum wages can fulfill a useful role as part of an optimal non-linear income tax scheme. In this setting, governments cannot observe household abilities, only their incomes. Redistributing according to income, the government is constrained by a set of incentive constraints....
Persistent link: https://www.econbiz.de/10005572472