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What Is the Value of Entrepreneurship?A Review of Recent Research

Praag, Mirjam van; Versloot, Peter H. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper examines to what extent recent empirical evidence can collectively andsystematically substantiate the claim that entrepreneurship has important economic value.Hence, a systematic review is provided that answers the question: What is the contribution ofentrepreneurs to the economy in...

Persistent link: https://www.econbiz.de/10005862087

Do Employment Protections Reduce Productivity?Evidence from U.S. States

Autor, David H.; Kerr, William R.; Kugler, Adriana D. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Theory predicts that mandated employment protections may reduce productivity by distortingproduction choices. Firms facing (non-Coasean) worker dismissal costs will curtail hiringbelow efficient levels and retain unproductive workers, both of which should affectproductivity. These theoretical...

Persistent link: https://www.econbiz.de/10008939768

Union Wage Compression in a Right-to-Manage Model

Vogel, Thorsten - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007

Trade unions are consistently found to compress the wage distribution. Moreover, unemployment affects in particular low …

Persistent link: https://www.econbiz.de/10005861186

Real Wages and the Business Cycle:Accounting for Worker and Firm Heterogeneity

Carneiro, Anabela; Guimarães, Paulo; Portugal, Pedro - Institut zur Zukunft der Arbeit <Bonn> - 2009

wages. A one-point increase in the unemployment rate decreases wages ofnewly hired male workers by around 2.8% and by just 1 …

Persistent link: https://www.econbiz.de/10009360639

Real Origins of the Great Depression: Monopolistic Competition, Union Power, and the American Business Cycle in the 1920s

Ebell, Monique; Ritschl, Albrecht - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007

Most treatments of the Great Depression have focused on its onset and its aftermath. In contrast, we take a unified view of the interwar period. We look at the slide into and the emergence from the 1920-21 recession and the roaring 1920s boom, as well as the slide into the Great Depression after...

Persistent link: https://www.econbiz.de/10005861193

Discussion of "The Source of Historical Economic Fluctuations : An Analysis using Long- Run Restrictions" by Neville Francis and Valerie A. Ramey

Uhlig, Harald - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2006

This paper discusses the paper "The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions" by Neville Francis and Valerie A. Ramey. It argues that these authors have made great progress both in the precise measurement of labor input as well as determining the effect...

Persistent link: https://www.econbiz.de/10005861317

Taxes on Labour, Effciency Wages,and Union Bargaining

Altenburg, Lutz; Straub, Martin - Fernuniversität <Hagen> / Fakultät für … - 2000

of unemployment compensation to the net-of-tax wage iskept fixed a tax cut leads to higher unemployment. When the … unemployment benefitsreplacement ratio is allowed to change, whether by keeping benefits fixed in real termsor by imposing a budget … constraint on the unemployment insurance scheme, the effect ofa tax cut on unemployment is ambiguous. Adverse employment effects …

Persistent link: https://www.econbiz.de/10005868370

National prices and wage setting in a currency union

Sánchez, Marcelo - European Central Bank - 2009

Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typicallypredicts more aggressive wage setting under monetary union. This insight has not beenconfirmed by the EMU experience, which has been characterised by wage moderation,thereby eliciting criticism from Posen and...

Persistent link: https://www.econbiz.de/10005866574