We use tests for multiple breaks at unknown points in the sample, and the Stock-Watson (1996, 1998) time-varying parameters median-unbiased estimation methodology, to investigate changes in the equilibrium rate of growth of labor productivity–both per hour and per worker–in the United...

We jointly estimate the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output for the Euro area, the United States, Sweden, Australia, and the United Kingdom. Particular attention is paid to time-variation in (i) the data-generation process for...

We use Bayesian time-varying parameters VARs with stochastic volatility to investigate changes in the marginal predictive content of the yield spread for output growth in the United States and the United Kingdom, since the Gold Standard era, and in the Eurozone, Canada, and Australia over the...

This article examines the consequences of contracting-out on the basis of the four criteria of efficiency, economy, effectiveness and equality (3 or 4 e's concept), which are borrowed from New Public Management research. The paper is based on 76 expert interviews and informative discussions...

Other countries have already privatised their job placement systems to a greater extent than Germany has. This concerns such different welfare state regimes as Australia and Great Britain on the one hand and the Netherlands - and more recently also Belgium and Denmark - on the other hand....

Using two period comparisons of six wealthy nations, the authors look at the extent of inequality at three levels of income: earned income, market income, and after tax and transfer disposable income. Interesting implications of the results are discussed.

Looks at the pre- and post-tax wage distribution of prime age males in six countries, focusing on Australia. Analysis includes an examination of the impact of income taxes and employer and employee contributions on the wage distribution.

Addresses three hypotheses which may help to explain the differences in the observed labour-force participation rates of women and which can be examined using micro-data from LIS. These include: the importance of income needs, the role of marriage patterns, and the effects of children....

Hourly wage differentials between part-time and full-time workers, using comparable microdata from LIS for the US, UK, Canada, and Australia are examined. Institutions and policies that contribute to different outcomes for part-time workers in these countries, and implications of these policies...

This paper attempts to bridge the gap between previous cross-national work estimating rates of return to education and the current trend toward examining rates over time. Changes in the returns to education in the 1980s over five countries were driven by different forces across the countries.