This paper investigates the effects of estate taxation when firms cannot directly observe worker skill levels. Imperfect labor market signaling gives rise to an information externality that causes workers to free-ride off of others' human capital acquisition. Inherited wealth exacerbates the...

This policy note examines sectoral and occupational employment impacts of the Covid-19 crisis. The crisis hit EU economies (and advanced economies in general) as they were already undergoing important structural changes due to technological change (digitisation), a factor affecting most...

The current paper investigates the cross-national relevance of quantitative world systems theory for two dimensions of development (human development, income redistribution) on a global scale and on the level of the European regions and tries to confront the basic pro-globalist assumptions of...

This paper explores the Nordic states (Denmark, Finland and Sweden) during the global crisis in the period 2007−2012. The Nordic states have a high rate of socio-economic growth and competitive advantage but Denmark, Finland and Sweden still experienced the global crisis. However, the global...

The paper focuses on the relation between economic crisis and competitiveness of the economy. The Baltic States (Estonia, Latvia and Lithuania) experienced the biggest GDP contraction during the global crisis. Since then, identifying and assessing changes in the relative competitiveness as a...