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wages only will not solve the euro crisis. Only in the case of Greece, Europe’s biggest 'problem child', would a general … wage cut lead to improved competitiveness – regardless of the pain such a reform would cause. This is because Greece … foodstuffs (olive oil, ewe’s milk cheese) but at a lower price. On the other hand, for Spain and Portugal efforts to stimulate …
Persistent link: https://www.econbiz.de/10011258799
States like Greece, Portugal, Ireland , Spain and Italy The advanced state debt are nothing more than a symptom of a lack of …
Persistent link: https://www.econbiz.de/10011212950
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
(1) The basic problem in OECD countries is the tax void. (2) A tax system with an exemption is more transparant than a system with a tax credit. (3) Exemption should be at the level of the net minimum wage so that such workers can work at net = gross. (4) A tax credit is a sufficient but not a...
Persistent link: https://www.econbiz.de/10011109700
developments (i.e. the current global crisis and the fiscal and debt crisis of Greece). The first part analyses the turbulent … and how it has been expressed in Greece. It is depicted as a twin crisis, i.e. a combination of (a) the current global …
Persistent link: https://www.econbiz.de/10008645086
The paper focuses on empirical analysis of major factors that determine innovation activities of Russian manufacturing firms during the crisis. We presume that the crisis has ambiguous effects on firms' behaviour, on one hand limiting their financial capabilities to invest into new products...
Persistent link: https://www.econbiz.de/10013082604
This is an article on the economic policy in Italy today, written in a left-wing liberal perspective. It deals with the …
Persistent link: https://www.econbiz.de/10011109301
The paper analyses the current and possible future development of social protection systems in three Mekong countries: Cambodia, Lao PDR and Viet Nam. The three countries are at differing levels of development but face a number of shared challenges including poverty and malnutrition, climate...
Persistent link: https://www.econbiz.de/10011107639
Today the European welfare states are strongly challenged and it is heavily debated how much social security a society should provide and how much private insurance is possible. This article goes back to the origins of the German welfare state. In the 1830s, industrialists from the district of...
Persistent link: https://www.econbiz.de/10011108599
Empirical studies have shown that preferences for redistribution are significantly correlated with expectations of future mobility and the belief that society offers equal opportunities. We add to previous research by investigating the role of individual and social norms on rent seeking. We find...
Persistent link: https://www.econbiz.de/10011108639