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You Get What You Vote For: Electoral Determinants of Economic Freedom
Crampton, Eric - EconWPA - 2002
While several cross-sectional studies (La Porta et. al. 2002, Norton 2002) examine institutional and cultural determinants of economic freedom, changes in economic freedom remain unexamined. I construct a measure of median voter preferences and find changes in voter preferences for economic...
Persistent link: https://www.econbiz.de/10005556897
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The Role of Institutions and Policies in Creating High European
Palley, Thomas I. - EconWPA - 2001
The conventional wisdom is that high European unemployment is the result of job markets that are rigid and inflexible … spillovers. The evidence shows that macroeconomic factors dominate in explaining unemployment. These factors are robust to … changes in empirical specification. Labor market institutions do matter for unemployment, but not in the way conventionally …
Persistent link: https://www.econbiz.de/10005412644
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To Be or Not To Be in Office Again: Political Business Cycles with Local Governments
Baleiras, Rui Nuno; Costa, José da Silva - EconWPA - 2003
Most opportunistic-type models of political business cycles tend to posit a given objective for incumbents: maximisation of re-election chances. Though taking an opportunistic view too, we suggest a new explanation for a fiscal policy cycle: the incumbent’s concern with her own welfare in...
Persistent link: https://www.econbiz.de/10005076618
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Duration and Risk of Unemployment in Argentina
Sebasti=E1n Galiani; Hopenhayn, Hugo A. - EconWPA - 2001
After a decade of structural reforms, unemployment rates have tripled in Argentina. This paper is concerned with the … measurement of unemployment risk and its distribution. We show the importance of considering re-incidence in the measurement of … risk and develop a methodology. Our estimates for Argentina show that, though the typical unemployment spell is short, once …
Persistent link: https://www.econbiz.de/10005556763
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The workers' value of the remaining employment contract duration
Ommeren, Jos Van; Hazans, Mihails - EconWPA - 2005
This paper introduces and applies a method for estimating workers' marginal willingness to pay for job attributes employing data on job search activity. Worker's willingness to pay for the remaining duration of the employment contract is derived. We provide evidence that workers attach...
Persistent link: https://www.econbiz.de/10005556782
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Firm Heterogeneity and Worker Turnover
Lane, Julia I.; Isaac, Alan G.; Stevens, David W. - EconWPA - 1996
Previous emperical analyses of job mobility focus on worker rather than firm characteristics. This paper exploits a unique data set on enterprise employment. We describe sectoral difference in turnover rates and in the persistence of turnover. We also present evidence of persistent turnover...
Persistent link: https://www.econbiz.de/10005556831
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Structure, Behavior, and Market Power in an Evolutionary Labor Market with Adaptive Search
Tesfatsion, Leigh - EconWPA - 2000
This study uses an agent-based computational labor market framework to experimentally study the relationship between job capacity, job concentration, and market power. Job capacity is measured by the ratio of potential job openings to potential work offers, and job concentration is measured by...
Persistent link: https://www.econbiz.de/10005561498
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Hysteresis in an Evolutionary Labor Market with Adaptive Search
Tesfatsion, Leigh - EconWPA - 2000
This study undertakes a systematic experimental investigation of hysteresis (path dependency) in an agent-based computational labor market framework. It is shown that capacity asymmetries between work suppliers and employers can result in two distinct hysteresis effects, network and behavioral,...
Persistent link: https://www.econbiz.de/10005561506
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A Computational Laboratory for Evolutionary Trade Networks
McFadzean, David; Stewart, Deron; Tesfatsion, Leigh - EconWPA - 2000
This study presents, motivates, and illustrates the use of a computational laboratory for the investigation of evolutionary trade network formation among strategically interacting buyers, sellers, and dealers. The computational laboratory, referred to as the Trade Network Game Laboratory (TNG...
Persistent link: https://www.econbiz.de/10005134562
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Worker-firm Matching and Unemployment in Transition to a Market
Munich, Daniel; Svejnar, Jan; Terrell, Katherine - EconWPA - 2001
In this paper we compare the nature and determinants of outflows from unemployment in the case of the Czech and Slovak … exceptionally low unemployment rate in the Czech Republic as compared to Slovakia and the other Central and East European economies … has been brought about principally by (1) a rapid increase in vacancies along with unemployment, resulting in a balanced …
Persistent link: https://www.econbiz.de/10005407653