Similar Search Results

The Household Effects of Government Spending

Giavazzi, Francesco; McMahon, Michael - C.E.P.R. Discussion Papers - 2012

This paper provides new evidence on the effects of fiscal policy by studying, using household-level data, how households respond to shifts in government spending. Our identification strategy allows us to control for time-specific aggregate effects, such as the stance of monetary policy or the...

Persistent link: https://www.econbiz.de/10011083759

Sharing High Growth Across Generations: Pensions and Demographic Transition in China

Song, Zheng Michael; Storesletten, Kjetil; Wang, Yikai; … - C.E.P.R. Discussion Papers - 2012

population dynamics and productivity growth. Although a reform is necessary, delaying its implementation implies large welfare …

Persistent link: https://www.econbiz.de/10011083803

Unemployment and Consumption: Are Job Losses Less Painful near the Mediterranean?

Bentolila, Samuel; Ichino, Andrea - C.E.P.R. Discussion Papers - 2000

In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel data on households in five countries: Spain and Italy (the South), and Germany, Britain, and the US (the North). Our empirical results indicate that an increase in the duration...

Persistent link: https://www.econbiz.de/10005791504

Consumption and Savings with Unemployment Risk: Implications for Employment Contracts

Pissarides, Christopher - C.E.P.R. Discussion Papers - 2002

This Paper derives optimal employment contracts when workers are risk-averse and there are employment and unemployment risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment contracts offer severance compensation to smooth...

Persistent link: https://www.econbiz.de/10005124282

The 1920s and the 1990s in Mutual Reflection

Gordon, Robert J - C.E.P.R. Discussion Papers - 2005

productivity growth linked to the delayed effects of previously invented 'general purpose technologies' stimulated an increase in … fixed investment that became excessive and proved to be unsustainable, while the productivity acceleration helps to account …

Persistent link: https://www.econbiz.de/10005792478

Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2005

, greater wage inequality presents opportunities to increase aggregate productivity by concentrating market work among more … the result of a welfare gain of around 5% from the endogenous increase in productivity coupled with a loss of around 7 …

Persistent link: https://www.econbiz.de/10005123728

Are the Unemployed Unemployable?

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

increase in the productivity and/or the supply of skilled relative to unskilled workers. These effects are stronger when hiring …

Persistent link: https://www.econbiz.de/10005666594

Gross Job Flows in Russian Industry Before and After Reforms: Has Destruction Become More Creative?

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

productivity effects of gross job flow rates before and after reforms. Job creation was low throughout the period in this sector … also increased significantly. Intra- and inter-sectoral job reallocation had no effect on aggregate labour productivity … the firms with the lowest productivity. …

Persistent link: https://www.econbiz.de/10005666804

Structural Reforms and Growth: Product and Labor Market Deregulations

Eijffinger, Sylvester C W; Rossi, Alberto - C.E.P.R. Discussion Papers - 2006

The paper focuses on labor and product market deregulations, as fundamental elements in the passage from an investment to an innovation-based economy. The approach undertaken is prominently empirical. After a very brief description of the regulatory levels on the two sides of the Atlantic, we...

Persistent link: https://www.econbiz.de/10005792522

Job Reallocation and Productivity Growth Under Alternative Economic Systems and Policies: Evidence from the Soviet Transition

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2003

How do economic policies and institutions affect job reallocation processes and their consequences for productivity … little relationship to relative productivity across firms and sectors. Since liberalization began, the pace, heterogeneity …, and productivity effects of job flows have increased substantially. The increases occurred more quickly in rapidly …

Persistent link: https://www.econbiz.de/10005123720