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Equilibrium employment in a model of imperfect labor markets
Garibaldi, Pietro; Wasmer, Etienne - 2003
This paper presents a simple model of imperfect labor markets with endogenous labor market participation and home production. We show that a two-sector economy (home and market) implies a three-state labor market when labor market imperfections take the form of an irreversible entry cost...
Persistent link: https://www.econbiz.de/10010277062
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Recession and deflation
Blanchflower, David G.; Bryson, Alex - In: Review of Keynesian economics 11 (2023) 2, pp. 214-231
Persistent link: https://www.econbiz.de/10014383455
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Skill accumulation in the market and at home
Flemming, Jean - In: Journal of economic theory 189 (2020), pp. 1-26
Persistent link: https://www.econbiz.de/10012424524
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Does Protection Harden Budget Constraints?
Everaert, Greetje; Vandenbussche, Hylke - 2001
In this paper we analyse the effects of soft budget constraints in an international context. Firstly, we show that soft budget constraints in an exporting country lead to higher levels of trade protection in the recipient country. Secondly, the model predicts that protectionist trade policy...
Persistent link: https://www.econbiz.de/10010313350
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Equilibrium Wage Arrears: A Theoretical and Empirical Analysis of Institutional Lock-In
Earle, John S.; Sabirianova, Klara Z. - 2000
We present a model of wage contract violation that implies a possibility of multiple equilibria in the level of arrears. Positive feedback arises because each employer's arrears affect the costs of late payment faced by other employers operating in the same labor market, resulting in a network...
Persistent link: https://www.econbiz.de/10010262404
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Are oligarchs productive? Theory and evidence
Gorodnichenko, Yuriy; Grygorenko, Yegor - 2008
, politically and economically strong conglomerates in transition and developing countries. The model predicts that oligarchs are …
Persistent link: https://www.econbiz.de/10010268738
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Modeling institutions, start-ups and productivity during transition
Brixiova, Zuzana; Égert, Balázs - 2010
The transition paths from plan to market have varied markedly across countries. Central and Eastern European and the … firms at an earlier stage of transition, underscoring the importance of reforms. The role of the state sector as an employer … during transition rises in countries where reforming institutions is particularly costly. …
Persistent link: https://www.econbiz.de/10010273819
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On Aghion's and Blanchard's On the speed of transition in Central Europe
Nævdal, Eric; Wagner, Martin - 2005
that point in time, which we may define as the end of transition, unemployment is discontinuous. The approximate solution …
Persistent link: https://www.econbiz.de/10010293747
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Unemployment in reforming countries: Causes, fiscal impacts and the success of transformation
Treier, Volker - 1999
explanations why unemployment is high during transition in countries of Central and Eastern Europe the role of unemployment and the … fiscal problems due to unemployment is discussed within a model of economies of transition. The model highlights the …
Persistent link: https://www.econbiz.de/10010301337
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Trade liberalization during transition: A political economy perspective
Wunner, Norbert - 1996
during transition is explained from a political economy perspective. It is shown that trade liberalization can be a rational …
Persistent link: https://www.econbiz.de/10010397907