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This paper analyzes the effects of economic growth on labor earnings in Bolivia during 1999-2012. More precisely, we … develop a labor market model to capture both cycle and trend effects of prices, and production on earnings, which is estimated … econometrically using pseudo-panel data methods. The results show that labor earnings have had a pro-cyclical behavior. In particular …
Persistent link: https://www.econbiz.de/10011333626
This study assesses the level of inclusiveness of the extraordinary growth experienced by Bolivia from 2006 to 2019 in …
Persistent link: https://www.econbiz.de/10014438578
Over the past decade, workers' rights activists and legal scholars have embraced the language of “wage theft” in describing the abuses of the contemporary workplace. The phrase invokes a certain moral clarity: theft is wrong. The phrase is not merely a rhetorical flourish. Increasingly, it...
Persistent link: https://www.econbiz.de/10012825075
We build a simple dynamic model of the business cycle with monopolistically competitive firms. With simple assumptions concerning firm entry and exit, the model can explain some important stylized facts of the business cycle which standard real business cycle models with perfect competition...
Persistent link: https://www.econbiz.de/10014108107
The recent renaissance of business cycle analysis has led to a renewed interest in business cycle classification as pioneered by Burns/Mitchell, Spiethoff and resumed in the seventies by Meyer/Weinberg (1975a, b). The rather successful elaboration and test of a “modern” four-phase...
Persistent link: https://www.econbiz.de/10010316691
This paper analyzes the optimal cyclical behavior of labor market policies in an economy with asset and labor market frictions. The policies of interest include unemployment insurance (UI) and employment protection (EP). In addition to their supply-side effects, labor market policies affect the...
Persistent link: https://www.econbiz.de/10013216404
This paper applies multivariate linear discriminant analysis to classify West German business cycles from 1955 to 1994 into a four phase scheme (upswing, downswing, and upper/lower turning point phases). It describes the scheme as well as the selection of the classifying variables, and presents...
Persistent link: https://www.econbiz.de/10008596458
Persistent link: https://www.econbiz.de/10001742190
This paper examines changes of the (West) German business cycle from 1958 to 2004. It starts with a multivariate linear discriminant analysis (LDA) based decomposition of the cycle into 4 phases (upswing, upper turning point, downswing, lower turning point). After examining intercyclical changes...
Persistent link: https://www.econbiz.de/10005272955
The recent renaissance of business cycle analysis has led to a renewed interest in business cycle classification as pioneered by Burns/Mitchell, Spiethoff and resumed in the seventies by Meyer/Weinberg (1975a, b). The rather successful elaboration and test of a “modern” four-phase...
Persistent link: https://www.econbiz.de/10010982406