This paper offers a new representation of discrimination on the job market based on the most recent findings in the socio-psychological academic literature about human behaviour. Put it simply, it is assumed that the agents prefer working with people like themselves. This "affinity" principle is...

En Belgique, la question de la formation des salaries n’échappe pas à la communautarisation des débats. Parmi les réformes suggérées apparaît de manière récurrente la régionalisation des négociations salariales. Ses partisans estiment notamment que les différences de productivité...

This paper relates the volatility of interest rates to the collective nature of monetary policymaking in monetary unions. Several decision rules are modelled, including hegemonic and democratic procedures, and also committees headed by a chairman. A ranking of decision rules in terms of the...

Dans cet article, nous survolons les grandes tendances de l'évolution de la pensée économique en ce qui concerne le rôle de l'éducation et du capital humain, et nous cherchons par là à évaluer s'il y a eu (ou non) progrès dans le champ spécifique de l'économie de l'éducation Si les...

Better understand the consequences of unemployment in terms of labour market opportunities as well as psychological well-being is of primary importance for any policies aimed at reducing unemployment. One way by which unemployment may impact on future labour market outcomes is through a...

According to Adam Smith, self-deceit is essential to the economy. In this light the paper draws on the Theory of Moral Sentiments and revisits Adam Smith’s view of the self. The originality of Smith’s account of self-deceit is seen in his insights into self-regulating social forces. The...

Le but de cette étude est, d'une part, d'analyser le coût de la maternité en termes de conditions et de perspectives de travail et, d'autre part, de mesurer l'impact (positif ou négatif) des politiques publiques sur les décisions des femmes en matière de maternité et d'emploi. Les...

This research investigates how bankruptcy law influences the design of debt contracts and the investment choice through the sanction of faulty managers. We model a lending relationship between a small firm and a monopolistic bank which decides the loan rate. The firm may perform asset...

This paper assesses the relationship between institutions, output, and productivity, when official output is corrected for the size of the shadow economy. Our results confirm the usual positive impact of institutional quality on official output and total factor productivity, and its negative...

Using the data collected for the year 2004 in the Belgian Health Survey, we aim to show that, controlling for all the determinants of self-reported health state, there is a residual effect of geographic location on the self-assessed health, namely a more favourable scoring for individuals that...