Similar Search Results

Eastern Germany Since Unification: Wage Subsidies Remain a Better Way

Begg, David; Portes, Richard - C.E.P.R. Discussion Papers - 1992

In Spring 1991, we argued that the centrepiece of German policy towards unification should be a universal, temporary wage subsidy in Eastern Germany and the elimination of all other subsidies. Subsequent events have strengthened the analytical case for and practical importance of this policy....

Persistent link: https://www.econbiz.de/10005666856

The High Unemployment Trap

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1992

A model of the labour market under firing restrictions and endogenous quits is constructed. It is shown that in the spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment equilibrium coexisting with a high-quits/low-unemployment...

Persistent link: https://www.econbiz.de/10005791589

Migration in an enlarged EU: A challenging solution?

Kahanec, Martin; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2009

. This essay provides a broad and in-depth account of the effects of the post-enlargement migration flows on the receiving as … analysis of the available literature and empirical evidence shows that (i) EU enlargement had a significant impact on migration … hard to detect, (iv) post-enlargement migration contributes to growth prospects of the EU, (v) these immigrants are …

Persistent link: https://www.econbiz.de/10004979474

Russia's Regions: Income Volatility, Labour Mobility and Fiscal Policy

Kwon, Goohoon; Spilimbergo, Antonio - C.E.P.R. Discussion Papers - 2005

Russia's regions are heavily exposed to regional income shocks because of an uneven distribution of natural resources and a Soviet legacy of heavily skewed regional specialization. Also, Russia has a limited mobility of labour and lacks fiscal instruments to deal with regional shocks. We assess...

Persistent link: https://www.econbiz.de/10005661764

Theoretical and Empirical Determinants of International Labour Mobility: A Greek-German Perspective

Glytsos, Nicholas; Katseli, Louka Tarsitsa - C.E.P.R. Discussion Papers - 1986

Emigration of labour and its subsequent repatriation can best be understood as phases of an intertemporal exchange process, of a relatively abundant factor, namely unskilled labour, for a relatively scarce factor, namely capital. This capital flow initially consists of financial capital, that is...

Persistent link: https://www.econbiz.de/10005662201

Labour Mobility and Fiscal Coordination: Setting Growth Agenda for an Economic Union

Razin, Assaf; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 1996

Using a human-capital-based growth model, we show the essential role of labour mobility and cross-country tax harmonization in equalizing income levels of countries that start off from different initial income positions. Knowledge spillovers cum labour mobility are the driving forces behind the...

Persistent link: https://www.econbiz.de/10005666441

Why Russian Workers Do Not Move: Attachment Of Workers Through In-Kind Payments

Friebel, Guido; Guriev, Sergei - C.E.P.R. Discussion Papers - 2000

We relate the phenomena of sluggish interregional labour reallocation and in-kind compensation in Russia to 'attachment' strategies of firms: Paying wages in non-monetary forms makes it hard for workers to raise the cash needed for quitting their region in order to find better jobs in more...

Persistent link: https://www.econbiz.de/10005788929

Policy Complementarities: The Case for Fundamental Labour Market Reform

Coe, David T; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

The paper analyses complementarities among a variety of labour market policies. It shows: (a) that a wide range of labour market institutions (e.g. unemployment benefits, job security legislation and payroll taxes) have complementary effects on unemployment; and thus (b) that policies aimed at...

Persistent link: https://www.econbiz.de/10005791663

On the Relevance of Exchange Rate Regimes for Stabilization Policy

Adão, Bernardino; Correia, Isabel; Teles, Pedro - C.E.P.R. Discussion Papers - 2006

This paper assesses the relevance of the exchange rate regime for stabilization policy. This regime question cannot be dealt with independently of other institutions, in particular how fiscal policy is designed. We show that once fiscal policy is taken into account, the exchange rate regime is...

Persistent link: https://www.econbiz.de/10005791985

Making Sense of Bolkestein-Bashing: Trade Liberalization Under Segmented Labour Markets

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2005

Trade liberalization is often met with sharp opposition. Recent examples include the so-called ‘Bolkestein’ directive, which allows service providers from a given EU member to temporarily work in another member country. One way to view such a reform is that it simply widens the range of...

Persistent link: https://www.econbiz.de/10005123997