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Persistent link: https://www.econbiz.de/10003202071
Women have made important advances in labour markets. The distinctions between the activities of single and married women are not as sharp as they used to be, and ambition to do well in a job is no longer restricted to men. Have we done enough to exploit the economic potential in our nations’...
Persistent link: https://www.econbiz.de/10010812577
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Persistent link: https://www.econbiz.de/10008562069
While there is consensus on the need to raise the time spent in the market by European women, it is not clear how these goals should be achieved. Tax wedges, assistance in the job search process, and part-time jobs are policy instruments that are widely debated in policy circles. The paper...
Persistent link: https://www.econbiz.de/10010756412
The sustainability of Welfare States requires high employment/high participation to raise the tax base and avoid distortions. To analyse labour market participation decisions in a world with market frictions, we propose and solve a three-state macro model of the labour market. We show that...
Persistent link: https://www.econbiz.de/10010756620
Persistent link: https://www.econbiz.de/10010757936
This paper shows that goods-market frictions drastically change the dynamics of the labor market, bridging the gap with the data both in terms of persistence and volatility. In a DSGE model with three imperfect markets - goods, labor and credit - we find that credit- and goods-market...
Persistent link: https://www.econbiz.de/10010938972
The renewal of interest in macroeconomic theories of search frictions in the goods market requires a deeper understanding of the cyclical properties of the intensive margins in this market. We review the theoretical mechanisms that promote either procyclical or countercyclical movements in time...
Persistent link: https://www.econbiz.de/10010938973
In his book, Capital in the 21st Century,Thomas Piketty highlights the risk of an explosion of wealth inequality because capital is accumulating faster than income in several countries including the US and European countries such as France. Our work challenges the conclusions of the author in...
Persistent link: https://www.econbiz.de/10011003908
A model is developed that allows for interaction between the labor market and the housing market. A job location has an associated commuting time that may affect the job acceptance decision. Obstacles to mobility, such as regulations in the housing market will affect the reservation strategy of...
Persistent link: https://www.econbiz.de/10010756370