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On top of the sovereign debt crisis in the European Union, demographic change is exerting enormous pressure on public finances. We analyze four policy options: lowering pension benefits, increasing labor market participation of the native population, immigration and participation of older...
Persistent link: https://www.econbiz.de/10013105261
High- and low-wage occupations are expanding rapidly relative to middle-wage occupations in both the U.S. and the E.U. We study the reallocation of workers from middle-skill occupations towards the tails of the occupational skill distribution by analyzing changes in age structure within and...
Persistent link: https://www.econbiz.de/10012765086
interest lower, while the effect on trend inflation and wages are not obvious. Population ageing is posing a burden on fiscal …
Persistent link: https://www.econbiz.de/10013286706
regulatory conditions on immigrant-native gaps across four outcomes; unemployment, monthly earnings, underemployment, and … unemployment and underemployment. A higher union density appears to suppress wage differences across some immigrant groups, rather …
Persistent link: https://www.econbiz.de/10010439678
This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using uniquely large macro and micro databases and applying...
Persistent link: https://www.econbiz.de/10013208809
The current economic theory and practice highlights the fact that between inflation and unemployment, two macroeconomic … type relation between the inflation rate and the unemployment rate. The results of this research show that, in Romania, in … into consideration these aspects, we aim to present a theoretical and empirical view on the relationship between inflation …
Persistent link: https://www.econbiz.de/10008853206
We estimate calories available to workers' households in the USA, Belgium, Britain, France and Germany in 1890/1. We employ data from the United States Commissioner of Labor survey (see Haines, 1979) of workers in key export industries. We estimate that households in the USA, on average, had...
Persistent link: https://www.econbiz.de/10012946589
All else equal, higher wages translate into higher inflation. More rigid wages imply a weaker response of inflation to … paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a …
Persistent link: https://www.econbiz.de/10011604969
Inflation has become much less sensitive to movements in unemployment in recent decades. A common explanation for this … change is that inflation expectations have become better anchored as a consequence of credible inflation targeting by central … unemployment gap which underlie the OECD’s Economic Outlook projections. The former OECD specification can be characterised as a …
Persistent link: https://www.econbiz.de/10011399530
All else equal, higher wages translate into higher inflation. More rigid wages imply a weaker response of inflation to … paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a …
Persistent link: https://www.econbiz.de/10012770794