Showing 1 - 10 of 31
In this paper we investigate the quantitative importance of efficiency wages in explaining fluctuations in Bulgarian labor markets. This is done by augmenting an otherwise standard real business cycle model a la Long and Plosser (1983) with unobservable workers effort by employers and wage...
Persistent link: https://www.econbiz.de/10011572678
This paper descriptively analyzes the nexus between income comparisons and perceptions of unfair pay. A German household survey reveals that individuals who perceive their wages as unfair earn significantly lower wages than fairly paid individuals with similar characteristics. This suggests that...
Persistent link: https://www.econbiz.de/10010322381
This paper explores the problem of non-convex labor supply decisions in an economy with both private and public sector jobs. To this end, Hansen (1985) and Rogerson's (1988) indivisible-hours framework is extended to an environment featuring a double discrete labor choice. The novelty of the...
Persistent link: https://www.econbiz.de/10011490491
In this paper we introduce reciprocity in labor relations and government sector to investigate how well the real wage rigidity that results out of that arrangement ex- plains business cycle fluctuations in Bulgaria. The reciprocity mechanism described in this paper follows Danthine and Kurmann...
Persistent link: https://www.econbiz.de/10011622575
In this paper, I study the sources of cross-country differences in unemployment dynamics. Elsby, Hobijn and Sahin … (forthcoming) find that in Anglo-Saxon economies unemployment fluctuations are mainly driven by changes in the outflows out of … unemployment, while in continental European and Nordic countries changes in inflows into unemployment are almost equally important …
Persistent link: https://www.econbiz.de/10011643082
technological unemployment reawakens. Frey and Osborne (2013) estimate that half of US employment will be automated by algorithms …
Persistent link: https://www.econbiz.de/10012053689
:3-2006:2, following the methodology proposed by Gali and Gertler (1999). They claim that a potential source of inflation may be the … of the productivity gains on inflation, which the ad hoc measure output gap misses. We also estimate a hybrid version of …
Persistent link: https://www.econbiz.de/10011495882
Artificial Intelligence (AI) has been embraced enthusiastically by Africans as a new resource for African development. AI could improve well-being by enabling innovation in business, education, health, ecology, urban planning, industry, etc. However, the high expectations could be little more...
Persistent link: https://www.econbiz.de/10015045952
. Johnson's scheme reminded Britain's foremost historian of Nazi Germany, Sir Richard Evans, of Hitler's ploy to deport Jews to … Historiker von Nazi-Deutschland, Sir Richard Evans, an Hitlers Plan, Juden nach Madagaskar zu deportieren. Daher kann eine …
Persistent link: https://www.econbiz.de/10015045983
Artificial Intelligence (AI) has been embraced enthusiastically by Africans as a new resource for African development. AI could improve well-being by enabling innovation in business, education, health, ecology, urban planning, industry, etc. However, the high expectations could be little more...
Persistent link: https://www.econbiz.de/10015046001