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Temporary shocks and unavoidable transitions to a high-unemployment regime
Den Haan, Wouter J. - 2003
This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …
Persistent link: https://www.econbiz.de/10009635968
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Wages and the risk of displacement
Carneiro, Anabela; Portugal, Pedro - 2010
In this paper a simultaneous-equations model of firm closing and wage determination is specified in order to analyse how wages adjust to unfavorable product demand shocks that raise the risk of displacement through firm closing, and to what extent an exogenous wage change affects the exit...
Persistent link: https://www.econbiz.de/10009640400
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Changes in the Austrian structure of wages, 1996 - 2002
Pointner, Wolfgang; Stiglbauer, Alfred - 2010
Analyzing data from the Structure of Earnings Surveys we find that wage dispersion in Austria increased marginally between 1996 and 2002. There was an increase in the returns to education which accrued only to male workers. The positive effects of tenure and especially of experience on wages...
Persistent link: https://www.econbiz.de/10009640271
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Asset pricing, habit memory, and the labor market
Jaccard, Ivan - 2010
This article studies the asset pricing and the business cycle implications of habit formation in a production economy with capital adjustment costs and endogenous labor supply. A specification of internal habit in the mix of consumption and leisure which minimizes the wealth effect on labor...
Persistent link: https://www.econbiz.de/10009640396
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The response of labour taxation to changes in government debt
Holm-Hadulla, Fédéric; Leiner-Killinger, Nadine; … - 2011
This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries over the period 1979-2008. The econometric estimates point to a statistically significant and economically relevant positive response of labour taxation to changes in the general...
Persistent link: https://www.econbiz.de/10009640641
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Inter-industry wage differentials: how much does rent sharing matter?
Caju, by Philip Du; Rycx, François; Tojerow, Ilan - 2009
This paper investigates inter-industry wage differentials in Belgium, taking advantage of access to a unique matched employer-employee data set covering all the years from 1999 to 2005. Findings show the existence of large wage differentials among workers with the same observed characteristics...
Persistent link: https://www.econbiz.de/10009640484
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Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?
Wolff, Edward N.; Gittleman, Maury - 2011
We found that on average over the period from 1989 to 2007, 21 percent of American households at a given point of time received a wealth transfer and these accounted for 23 percent of their net worth. Over the lifetime, about 30 percent of households could expect to receive a wealth transfer and...
Persistent link: https://www.econbiz.de/10009640633
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Wealth mobility and dynamics over entire individual working life cycles
Hochguertel, Stefan; Ohlsson, Henry - 2011
We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...
Persistent link: https://www.econbiz.de/10009640634
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The immigrant/native wealth gap in Germany, Italy and Luxembourg
Mathä, Thomas Y.; Porpiglia, Alessandro; Sierminska, Eva - 2011
, Germany and Italy. The results show that, in all three countries, a sizeable wealth gap exists between natives and immigrants …
Persistent link: https://www.econbiz.de/10009640635
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Case study on the functioning of enforcement proceedings relating to judicial decisions in Member States : Final report
Tipik; Matrix Insight Ltd - 2015
The purpose of this study was to collect data on the functioning of the EU Member States’ national judicial systems when enforcing judicial decisions in civil and commercial matters. Data on the length of enforcement proceedings is difficult to collect as Member States seldom collect this...
Persistent link: https://www.econbiz.de/10011624864