We investigate the relationship between financial wealth, reservation wages, and labor market transitions. Wealth is assumed to affect the level of the reservation wage and the employment probability. We test for the validity of this assumption by estimating a simultaneous‐equations model of...

This paper is focused on couple households where the wife is the main earner. The economic literature on this subject is particularly scant. According to our estimates, the wife was the main earner in one of every six couple households in France in 2002, including wife-sole-earner households....

This paper is focused on couple households where the wife is the main earner. The economic literature on this subject is particularly scant. According to our estimates, the wife was the main earner in one of every six couple households in France in 2002, including wife-sole-earner households....

This paper investigates the employment impact of a new tax-credit programme that was put in place in France in 2001. We study the introduction of both this measure and a later reform in 2004 that made the tax credit cashable in advance upon returning to work. We adopt a non-experimental...

A search model of the labor market is augmented to include commuting time to work. The theory posits that wages are positively related to commute distance, by a factor itself depending negatively on the bargaining power of workers. Since not all combinations of distance and wages are accepted,...

Après plusieurs trimestres de forte reprise le Japon a ralenti à la mi-2004 : le taux de croissance du PIB est passé de 1,5 % au premier trimestre, à – 0,3 % aux deux trimestres suivants, pour n’atteindre que 0,1 % en fin d’année. Toutes les composantes du PIB, à l’exception des...

Depuis 1997, les prix immobiliers ont fortement augmenté (+ 135 % au Royaume-Uni, + 120 % en Espagne, + 60 % en France et aux États-Unis). Ce boom immobilier s’est appuyé sur un revenu des ménages dynamique et des conditions de financement particulièrement favorables (bas niveau des taux...

En 2004, l’orientation de politique économique s’est lentement inversée des deux cotés de l’Atlantique. Aux États-Unis, les apports de la politique budgétaire et monétaire à la croissance se sont amenuisés. Dans la zone euro, la neutralité budgétaire et des conditions monétaires...