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Asymmetric Labor Market Institutions in the Emu and the Volatility of Inflation and Unemployment Differentials

Abbritti, Mirko - 2012

How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this question, this paper sets up a dynamic currency union model with monopolistic competition and sticky prices, hiring frictions and real wage rigidities. In our analysis, we...

Persistent link: https://www.econbiz.de/10013107467

Labor Turnover Costs, Workers' Heterogeneity, and Optimal Monetary Policy

Faia, Ester - 2009

We study the design of optimal monetary policy in a New Keynesian model with labor turnover costs in which wages are set according to a right to manage bargaining where the firms' counterpart is given by currently employed workers. Our model captures well the salient features of European labor...

Persistent link: https://www.econbiz.de/10013157529

In Search of Opportunities? The Barriers to More Efficient Internal Labor Mobility in Ukraine

Koettl, Johannes - 2014

Ukraine's economy lacks dynamism, and this is both the cause and the effect of people not moving across the regions. The rate at which Ukrainians move from one region to another within the country is only half of what would be expected in comparison with other countries. This paper examines the...

Persistent link: https://www.econbiz.de/10013043674

Less Welfare or Fewer Foreigners? Immigrant Inflows and Public Opinion Towards Redistribution and Migration Policy

Murard, Elie - 2017

I examine the effect of immigrant inflows in Europe on natives' individual attitudes towards redistribution and immigration policy over the last decade. Unlike previous studies, I analyze the evolution over time of these two types of attitudes in a joint empirical framework. Using migration data...

Persistent link: https://www.econbiz.de/10012955009

The Gain from the Drain : Skill-Biased Migration and Global Welfare

Biavaschi, Costanza - 2016

High-skilled workers are four times more likely to migrate than low-skilled workers. This skill bias in migration – often called brain drain – has been at the center of a heated debate about the welfare consequences of emigration from developing countries. In this paper, we provide a global...

Persistent link: https://www.econbiz.de/10012980350

A Global View of Cross-Border Migration

Di Giovanni, Julian - 2013

This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and destinations, using a quantitative multi-sector model of the global economy calibrated to aggregate and firm-level data on 60 developed and developing countries. Our framework accounts...

Persistent link: https://www.econbiz.de/10013090780

Bounding the Price Equivalent of Migration Barriers

Clemens, Michael A. - 2016

and policy barriers to worker mobility. We use migrant selection theory and evidence to place lower bounds on the ad …

Persistent link: https://www.econbiz.de/10012996552

Macroeconomic Volatilities and the Labor Market : First Results from the Euro Experiment

Merkl, Christian - 2010

This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …

Persistent link: https://www.econbiz.de/10013143682

A Theory of Price Adjustment Under Loss Aversion

Ahrens, Steffen - 2014

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition.The resulting theory of price adjustment is …

Persistent link: https://www.econbiz.de/10013054582

Regional Migration and Wage Inequality in the West African Economic and Monetary Union

Girsberger, Esther Mirjam; Méango, Romuald; Rapoport, … - 2022

We investigate the impact of regional migration on average wages and on wage inequality in the West African Economic and Monetary Union (UEMOA). We exploit unique data from a unified labour force household survey which covers natives and migrants in the seven economic capitals of the region. We...

Persistent link: https://www.econbiz.de/10014078552