Showing 1 - 10 of 114
private sector employment. Our analysis suggests that the dramatic decline of the skill premium in Sweden is the result of an …
Persistent link: https://www.econbiz.de/10005661889
dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour … passive labour market policies, and the structure of employment and output. …
Persistent link: https://www.econbiz.de/10005067622
Advocates of apprenticeship programmes often argue as if it is simply a matter of historical accident that such investment by US firms has been hindered. This paper explores the structure of incentives underpinning the German system of apprenticeship training. First, we describe three...
Persistent link: https://www.econbiz.de/10005124483
estimated stimulus is extremely small just when needed most, and GDP and employment effects are only one-sixth as large, with … private sector employment impacts likely to be even smaller. …
Persistent link: https://www.econbiz.de/10004961429
We estimate the multiplier relying on differences in spending in infrastructure across Italian provinces and an …-mafia measures on output, our results suggest a multiplier as high as 1.4 on impact, and 2 including dynamic effects. …
Persistent link: https://www.econbiz.de/10008925709
This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule and trace their macroeconomic impact under different conditions regarding the exchange rate...
Persistent link: https://www.econbiz.de/10011083665
This paper proposes a dynamic stochastic general equilibrium model in which the government-consumption multiplier …, that labor supply is convex in a labor market tightness-employment diagram. In the model, as government consumption … increases, public employment rises, stimulating labor demand. Equilibrium tightness increases, which reduces private employment …
Persistent link: https://www.econbiz.de/10011083889
We report estimates of the fiscal multiplier for interwar Britain based on quarterly data and time-series econometrics …. We find that the government-expenditure multiplier was in the range 0.3 to 0.9 even during the period when interest rates …
Persistent link: https://www.econbiz.de/10011084469
We develop a general equilibrium analysis of the impact of active labour market policy on unemployment, wages and the welfare of the employed. This framework is used to assess the political support in favour of such policies and to relate it to the working of such policies and other parameters...
Persistent link: https://www.econbiz.de/10005662144
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005666625