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Euro area countries and Japan are confronted with similar challenges. Potential output is on a falling trend in the euro area, and the decrease started well before the financial crisis. In Japan, low output growth is a striking feature since many years, despite the unconventional monetary policy...
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. Labour demand is expressed by its structural parameters, such as the elasticities of employment to output and factor prices …. Institutional variables include employment protection legislation, the structure of wage bargaining, measures describing the tax and … transfer system and active labour market policies. As cointegration between employment, output and factor prices is detected …
Persistent link: https://www.econbiz.de/10003085749
. Labour demand is expressed by its structural parameters, such as the elasticities of employment to output and factor prices …. Institutional variables include employment protection legislation, the structure of wage bargaining, measures describing the tax and … transfer system and active labour market policies. As cointegration between employment, output and factor prices is detected …
Persistent link: https://www.econbiz.de/10013318303
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second half of their retirement period, probably due to bequest motives and increasing immobility. Given the ongoing …
Persistent link: https://www.econbiz.de/10009579234
second half of their retirement period, probably due to bequest motives and increasing immobility. Given the ongoing …
Persistent link: https://www.econbiz.de/10009580160
second half of their retirement period, probably due to bequest motives and increasing immobility. Given the ongoing …
Persistent link: https://www.econbiz.de/10009539225