Similar Search Results

A Real-Business-Cycle model with efficiency wages and fiscal policy: the case of Bulgaria

Vasilev, Aleksandar - 2016

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

Aggregation with a double non-convex labor supply decision: indivisible private- and public-sector hours

Vasilev, Aleksandar - 2016

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

My Wage is Unfair! Just a Feeling or Comparison with Peers?

Schneck, Stefan - 2013

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

A Real-Business-Cycle model with reciprocity in labor relations and fiscal policy: the case of Bulgaria

Vasilev, Aleksandar - 2017

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

Search, Rigidities and Unemployment Dynamics

Zaveh, Fakhraldin - 2014

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

New Keynesian Phillips Curve Estimation: The Case of Hungary /1981-2006/

Vasilev, Aleksandar - 2015

: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

Back to the Future - Changing Job Profiles in the Digital Age

Stephany, Fabian; Lorenz, Hanno - 2019

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

Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area

Adam, Klaus; Zhu, Junyi - 2014

EA as a whole decreases with unexpected inflation, although in some countries (Austria, Germany and Malta) inequality …, and Belgium and Malta being the largest losers. Governments are net winners of inflation, while the household (HH) sector … is a net loser. HHs in Belgium, Ireland, Malta and Germany incur the biggest per capita losses, while HHs in Finland and …

Persistent link: https://www.econbiz.de/10010378324

The End of Neoliberalism?

Bichler, Shimshon; Nitzan, Jonathan - 2003

This article was commissioned by the French newspaper Le Monde. The newspaper was one of several sponsors of an International Conference on Global Regulation, held at the University of Sussex on May 29-31, 2003, where we presented a plenary paper. As part of its sponsorship, Le Monde agreed to...

Persistent link: https://www.econbiz.de/10011644925

From Welltop to Laptop?

Bichler, Shimshon; Nitzan, Jonathan - 2008

industrialized countries are only 20 per cent higher. This short note explains why the sluggish response of inflation may be about to …

Persistent link: https://www.econbiz.de/10011644930