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Can Wage and Price Stickiness Account for Sizeable Costs of Business Cycle Fluctuations?

Paustian, Matthias - University of Bonn, Germany - 2004

account for the average welfare costs of business cycle fluctuations identified in Gali, Gertler, and Lopez- Salido (2003 … approximation to agents expected lifetime utility and evaluate welfare for different modeling schemes of nominal rigidities that all … have the same average duration of contracts. Calvo (1983) wage and price contracts can deliver sizeable welfare costs, but …

Persistent link: https://www.econbiz.de/10004989600

Effort-Based Career Opportunities and Working Time

Bratti, Massimiliano; Staffolani, Stefano - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2004

The authors evaluate the economic effects of the hypothesis of effort-based career opportunities, described as a situation in which a firm creates incentives for employees to work longer hours than bargained (or desired), by making career prospects depend on relative working hours. Firms'...

Persistent link: https://www.econbiz.de/10004990625

Vanishing Liquidity, Market Runs,and the Welfare Impact of TARP

EWERHART, Christian

welfare losses. In fact, market runs may be nearly constrained efficient. The latter finding might suggest an explanation for …

Persistent link: https://www.econbiz.de/10004990856

Regional welfare weights for Turkey

Sezer, Haluk - In: Journal of Economic Studies 33 (2006) November, pp. 357-368

Purpose – This paper aims to estimate a set of welfare weights for Turkey, based on per capita regional incomes, and to … regional welfare weight measure is the elasticity of marginal utility of income (e), and it is estimated using a tax … Turkey is 1.25, and this value, in combination with per capita income levels, produces measured regional welfare weights for …

Persistent link: https://www.econbiz.de/10004990879

The social question and fundamental principles of modern market economics – there is more agreement than contradiction: The case of von Schmoller's labour question

Frambach, Hans - In: Journal of Economic Studies 33 (2006) September, pp. 224-236

Purpose – In view of current catchwords like globalisation, internationalisation and flexible markets, it should be remembered that many of the fundamental economic positions which are assigned to those terms were already put forward by promoters of the social question. The questions discussed...

Persistent link: https://www.econbiz.de/10004990880

Longevity and Education: A Macroeconomic Perspective

Ricci, Francesco; Zachariadis, Marios - University of Cyprus Department of Economics - 2008

This paper investigates the determinants of longevity at a macroeconomic level, emphasizing the important role played by education. To analyze the determinants of longevity, we build a model where households intentionally invest in health and education, and where education exerts external...

Persistent link: https://www.econbiz.de/10004991186

Do Walmartians Rule? The Political Influence of the Emerging Middle Class

Ricardo Cantú C.; Villarreal, Héctor J. - In: Estudios Económicos 24 (2009) 1, pp. 89-108

The present paper tries to answer the following question: did an increase in the consumption of durable goods -such as electric appliances- help the incumbent party to retain the Mexican presidency in 2006? Stated differently, did the middle class vote to support the current economic model?...

Persistent link: https://www.econbiz.de/10004991447

The Socially Optimal Import Tariff and Tax Credit for Ethanol with Farm Subsidies

de Gorter, Harry; Just, David R.; Tan, Qinwen - In: Agricultural and Resource Economics Review 38 (2009) 1

, import subsidies for ethanol may increase social welfare due to the substantial size of the fuel market relative to the corn …

Persistent link: https://www.econbiz.de/10004991648

Can Germany Be Saved?: The Malaise of the World's First Welfare State

Sinn, Hans-Werner - The MIT Press

, one of Germany's leading economists, takes a frank look at his country's economic problems and proposes welfare- and tax …-reform measures aimed at returning Germany to its former vigor and vitality. Germany invented the welfare state in the 1880s when … for other industrialized countries. But, Sinn argues, today's German welfare state has incurred immense fiscal costs and …

Persistent link: https://www.econbiz.de/10004991829

Can Germany Be Saved?: The Malaise of the World's First Welfare State

Sinn, Hans-Werner - The MIT Press

Persistent link: https://www.econbiz.de/10004991845