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Labour market reforms face very often opposition from the employed workers, because it normally reduces their wages. Also product market regulations are regularly biased towards too much benefitting the firms. As a result there remain many frictions in both the labour and product markets that...
Persistent link: https://www.econbiz.de/10005572158
We examine whether minimum wages can fulfill a useful role as part of an optimal non-linear income tax scheme. In this setting, governments cannot observe household abilities, only their incomes. Redistributing according to income, the government is constrained by a set of incentive constraints....
Persistent link: https://www.econbiz.de/10005572472
Our paper analyzes the determinants of unemployment rates in Canada. The theoritical framework incorporates "demande … density, demographic pressure, unemployment insurance, the terms of trade. The unemployment model is estimated with 500 … comprehensive picture of the macroeconomic and structural causes of Canadian unemployment with a unique data set combining the …
Persistent link: https://www.econbiz.de/10005572483
unemployed, and the involuntarily unemployed. Both voluntary and involuntary unemployment are endogenous. We analyze optimal … government policies in the presence of two types of involuntary unemployment, frictional and that induced by efficiency wages. We …-working employables, unemployment insurance, employment subsidies, and taxes on workers and firms. <P> Nous étudions les transferts aux …
Persistent link: https://www.econbiz.de/10005572502
evolution of inflation and unemployment in the United States and Canada since 1930. …
Persistent link: https://www.econbiz.de/10005572519
Persistent link: https://www.econbiz.de/10005574288
Persistent link: https://www.econbiz.de/10005574293
effect of coordination on unemployment. …
Persistent link: https://www.econbiz.de/10008555993
), unemployment, inflation, bank credit, and real estate prices in a twenty one-year window surrounding selected adverse global and …
Persistent link: https://www.econbiz.de/10008642684
We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory … generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise …-run unemployment over the 1980s and its rise during the late 2000s. …
Persistent link: https://www.econbiz.de/10008642883