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This note surveys the recent literature on wage inequality between and across enterprises. Implications for policies such as the minimum wage, collective bargaining, and other wage setting institutions are discussed.
Persistent link: https://www.econbiz.de/10015264792
The study investigated the impact of a monther's employment on child labour and schooling in Malawi using the Third Integrated Household Survey (IHS3) dataset. Children aged 5 to 17 were sampled from the dataset and used in the analysis. The study used a series of multivariate probit models with...
Persistent link: https://www.econbiz.de/10015266814
At global level, the impact of the COVID-19 pandemic displays a general character affecting both humans and economies, under the conditions of amplified digitalisation processes, knowledge economy, demographic changes, extreme climate changes, etc. At present, it is obvious that the effects of...
Persistent link: https://www.econbiz.de/10015267485
The world economic situation entails a review of the economic integration processes and, subsequently, a return to national economies that were based on a rebound in domestic demand (that is, very supportive of orthodox Keynesianism), inspired by the commitment to income redistribution policies,...
Persistent link: https://www.econbiz.de/10015267943
The financial crisis of 2007 clearly demonstrated the declining economic and political hegemony of the European social model. Austerity measures, rationalization, and cuts in all areas of society and the state were encouraged by the EU directorates. These measures have weakened social cohesion...
Persistent link: https://www.econbiz.de/10015268971
The year 2022 was featured by Russia's invasion of Ukraine, by the resurgence of COVID in China, by the fight against inflation and by the emergence of geo-political-economic factors among which uncertainty, complexity and the combination of new challenges such as actions derived from...
Persistent link: https://www.econbiz.de/10015270795
An institutional trap emerges in the gap between actual wage rate in Ukraine and the wage that provides the growth in working-age population. This activates the mechanism of demographic trap.
Persistent link: https://www.econbiz.de/10015238281
The demographic database of Eurostat and of Us Census of Bureau are explored and the main facts are extracted and described. This paper is completely self-standing but is also part of a more general analysis dedicated to the functioning and sustainability of pay-as-you-go to finance the welfare...
Persistent link: https://www.econbiz.de/10015239465
For effective economic growth, intentional “creation” of unemployment is required to be followed up by its «elimination». From Okun’s law one can infer an interesting corollary: growing unemployment without reducing GDP increases the economy’s potential. This corollary can be proved...
Persistent link: https://www.econbiz.de/10015241031
For effective economic growth, intentional “creation” of unemployment is required to be followed up by its «elimination». From Okun’s law one can infer an interesting corollary: growing unemployment without reducing GDP increases the economy’s potential. This corollary can be proved...
Persistent link: https://www.econbiz.de/10015242059