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GEM-PIA: A real-financial general equilibrium model for poverty impact analysis technical description

Wiebelt, Manfred - 2004

This paper provides a technical description of GEM-PIA, a recursive-dynamic computable General Equilibrium Model for Poverty Impact Analysis in individual countries. The model combines the optimizing behavior of CGE models with the asset portfolio behavior of macromodels, thereby addressing the...

Persistent link: https://www.econbiz.de/10010272944

Interactions between employment and training policies

Oskamp, Frank; Snower, Dennis J. - 2007

employment rate, the greater the length of time over which workers use the human capital generated by training policies. Moreover …

Persistent link: https://www.econbiz.de/10010272951

Selfish-biased conditional cooperation: On the decline of contributions in repeated public goods experiments

Neugebauer, Tibor; Perote, Javier; Schmidt, Ulrich; … - 2007

In the recent literature, several hypotheses have been put forward in order to explain the decline of contributions in repeated public good games. We present results of an experiment which allows to evaluate these hypotheses. The main characteristics of our experimental design are a variation of...

Persistent link: https://www.econbiz.de/10010272953

Unemployment accounts and employment incentives

Brown, Alessio J. G.; Orszag, Jonathan Michael; Snower, … - 2006

We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment accounts (UA) system. Under the UA system, employed people are required to make ongoing contributions to their UAs and the balances in these accounts are available to them during...

Persistent link: https://www.econbiz.de/10010272954

Macroeconomic aspects of structural labor market reforms in Germany

Dovern, Jonas; Meier, Carsten-Patrick - 2006

Using a newly constructed macroeconometric model for Germany and the rest of the Euro area, we investigate the macroeconomic effects of structural labor market reforms in Germany. We find that neither the fact that Germany can no longer pursue an independent monetary policy nor the possibility...

Persistent link: https://www.econbiz.de/10010272958

Institutions and training inequality

Lechthaler, Wolfgang; Snower, Dennis J. - 2007

We analyze the interaction among important institutional variables in the labor market (firing costs, minimum wages and unemployment benefits) in determining firm-provided training. We find that the institutional interactions - specifically, their degree of complementarity and substitutability -...

Persistent link: https://www.econbiz.de/10010272964

Hyperbolic discounting and the Phillips curve

Graham, Liam; Snower, Dennis J. - 2007

Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long-run effects on real variables.

Persistent link: https://www.econbiz.de/10010272966

Parametric weighting functions

Diecidue, Enrico; Schmidt, Ulrich; Zank, Horst - 2008

This paper provides preference foundations for parametric weighting functions under rankdependent utility. This is achieved by decomposing the independence axiom of expected utility into separate meaningful properties. These conditions allow us to characterize rank-dependent utility with power...

Persistent link: https://www.econbiz.de/10010272968

The effect of low-wage subsidies on skills and employment

Oskamp, Frank; Snower, Dennis J. - 2006

amplifies the negative effect of low-wage subsidies on the incentive to acquire human capital. Thus, the first effect on the one …

Persistent link: https://www.econbiz.de/10010272975

The Solow model in the empirics of growth and trade

Gundlach, Erich - 2006

state output per person are due to international differences in technology for a constant capital output ratio. However … differences in output per person are due to international differences in the capital output ratio for a constant level of … institutional technology and treating the capital output ratio as part of the regression constant. This reinterpretation of the …

Persistent link: https://www.econbiz.de/10010272976