Monthly panel (1998-2003) data from regional labor offices in Latvia are used to analyze the matching process in a high unemployment – low labor demand environment and to evaluate the impact of active labor market policy programs on outflows from unemployment. Results suggest that the hiring...

Les études appliquées sur l’évolution de l’instabilité de l’emploi conduisent à des résultats contradictoires. Pour les uns, il y aurait à la fois montée structurelle de l’instabilité de l’emploi et généralisation à l’ensemble des catégories de main-d’oeuvre. Pour les...

We provide new evidence on the fit of the hybrid Phillips curve based on indexation of prices to lagged inflation and trend inflation for the Euro area and the United States over the period 1970-2002. The GMM-West estimates suggest that (i) a full indexation scheme is not data consistent whereas...

Social Security provisions impose a tax on continued work whereas delaying the retirement age would be favorable for the financial stability of the system. It is often argued that this tax could be removed by implementing actuarially fair schemes. However, by defimtion, actuarially fair benefits...

In this paper, we develop a Principal-Agent model with both monetary and non-monetary incentives. We show that the latter are always more efficient, that is Pareto-dominate, monetary incentives. Indeed, we not only show that all what monetary incentives can do, non-monetary incentives can do it...

L’objet de cette étude est de décrire statistiquement les changements dans la structure de l’emploi par qualification en France. Il s’agit de produire des constats qui soient robustes au choix nécessairement conventionnel de ce qu’est le travail qualifié, à la définition du...

This paper investigates the role of performance voting in solving the capital levy problem. In a representative democracy, voters can use elections to protect their property by holding politicians accountable for the tax policies they implement. We characterize the set of tax policies that can...

In this paper, we study the asymmetric long-run and short-run determinants of the sovereign bond index, a proxy of sovereign default, for two typical emerging countries: Turkey and Brazil over the 2000Q1-2011Q4 period. The determinants of the sovereign bond index are estimated by three...

We study the stability properties of a Diamond (1965) overlapping generations model in which agents have to pay transaction costs related to the capital accumulated. In particular, these costs depend positively on the amount of individual's savings. At first, we show that under stan- dard...