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The purpose of this paper is threefold. First, we survey the way in which the tax burden on labour has been proxied for in recent multi-country macro-economic studies. Second, we critically evaluate these proxies. Finally, we examine to what extent the conclusions of some studies change if some...
Persistent link: https://www.econbiz.de/10011507980
overview of the current debates around the potential effects of impending labor-replacing innovation. We then summarize …
Persistent link: https://www.econbiz.de/10014430719
Persistent link: https://www.econbiz.de/10003620170
We study the effects of immigration on native welfare in a general equilibrium model featuring two skill types, search frictions, wage bargaining, and a redistributive welfare state. Our quantitative analysis suggests that, in all 20 countries studied, immigration attenuates the effects of...
Persistent link: https://www.econbiz.de/10010418118
in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …
Persistent link: https://www.econbiz.de/10012157899
What are the pro-competitive consequences of trade in frictional labor markets? This paper develops and estimates a … and frictions in labor markets has important implications for aggregate as well as distributional consequences of trade …. In particular, I show that once markups are allowed to respond to trade liberalization, unemployment and residual wage …
Persistent link: https://www.econbiz.de/10014364693
downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a … range of shocks labor hoarding occurs while wages are cut. We argue these features are consistent with recent evidence. …
Persistent link: https://www.econbiz.de/10010237280
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms' job offer and workers' job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show that...
Persistent link: https://www.econbiz.de/10010371904
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011444082
Labor market performance has differed considerably between OECD countries over the last two decades. The focus of the … literature so far has been to ask whether these differences can be explained by varying degrees of labor market rigidities and … investments have explanatory power with respect to labor market performance across countries and over time. In particular, the …
Persistent link: https://www.econbiz.de/10011408964