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of tackling their unemployment problem. …
Persistent link: https://www.econbiz.de/10005789204
The distributional effects of the minimum wage are analysed in a model where skilled and unskilled labour enter the production function. It is argued that distributional goals are best achieved by letting the labour market clear and achieving redistribution through taxes and transfers.
Persistent link: https://www.econbiz.de/10005791667
English-speaking ones) together with stubbornly higher levels of unemployment in many others. Australia has shared in the rise … persistent unemployment, butnot to the degree that many continental European countries have. This situation provides the …
Persistent link: https://www.econbiz.de/10005032882
This paper shows how misleading is the facile contrast of Europe following a path of high productivity growth, high … unemployment, and relatively greater income equality, with the opposite path being pursued by the United States. While structural … shocks may initially create a positive trade-off between productivity and unemployment, they set in motion a dynamic path of …
Persistent link: https://www.econbiz.de/10005114412
This paper constructs a theoretical model to study the effects on employment of the introduction of flexible labour contracts (i.e. with low firing costs), which occurred in many European countries in the 1980s, which it then tests on Spanish data. The model predicts that such contracts increase...
Persistent link: https://www.econbiz.de/10005504305
Unemployment in Europe is a worrying phenomenon not so much because it hits 18 million people, but because it almost … unemployment rate. Thus, understanding the Italian unemployment and finding effective solutions for it, is useful to understand and …
Persistent link: https://www.econbiz.de/10005067385
carries out a comparative analysis of unemployment rates of the different ‘Mezzogiornos of Europe’. Finally, some policy …The unemployment dynamics in the Mezzogiorno of Italy seem to corroborate the New Economic Geography predictions …, whereby, under some specific hypotheses, a stronger economic integration can amplify the regional polarisation of unemployment …
Persistent link: https://www.econbiz.de/10005792261
The paper surveys recent analyses of rising unemployment in Europe based on the concept of the natural rate. It argues … efficiency wages, hysteresis, and insiders/outsiders are related to a core theory in which the unemployment benefit is the basic …, and that in its absence they would fail to explain unemployment. …
Persistent link: https://www.econbiz.de/10005792267
Similar durations but lower flows into unemployment gave Europe lower unemployment rates than the United States until … the 1970's. But since 1980, higher durations have kept unemployment rates in Europe persistently higher than in the U.S. A … workers, hazard rates of gaining employment in Europe fall off sharply with the duration of unemployment, and why displaced …
Persistent link: https://www.econbiz.de/10005123735
We analyze optimal taxation in an economy with monopsonistic labour markets. The individuals, whose only decisions are whether to work, or not, have heterogeneous productivities and opportunity costs of work. Given its preferences for redistribution, the government, which does not observe the...
Persistent link: https://www.econbiz.de/10005504333