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Aspects of Informalization and Income Distribution in Developing Countries: A Modified Specific Factors Approach

Razmi, Arslan - 2006

This paper explores aspects of increased informalization in developing countries with the help of a modified specific factors model with a fixed nominal wage in the formal sector, which is assumed to have a “lighthouse” effect on the informal sector wage. Both sectors produce a tradable good...

Persistent link: https://www.econbiz.de/10009468108

Employment fluctuations with downward wage rigidity : the role of moral hazard

Costain, James S.; Jansen, Marcel - 2006

This paper considers a dynamic matching model with imperfectly observable worker effort. In equilibrium, the wage distribution is truncated from below by a no-shirking condition. This downward wage rigidity induces the same type of inefficient churning and "contractual fragility" as in Ramey and...

Persistent link: https://www.econbiz.de/10012530144

The incidence of nominal and real wage rigidity : an individual-based sectoral approach

Messina, Julián; Izquierdo Peinado, Mario - 2010

This paper presents estimates based on individual data of downward nominal and real wage rigidities for thirteen sectors in Belgium, Denmark, Spain and Portugal. Our methodology follows the approach recently developed for the International Wage Flexibility Project, whereby resistance to nominal...

Persistent link: https://www.econbiz.de/10012530294

Contract staggering and unemployment during the great recession : evidence from Spain

Díez-Catalán, Luis; Villanueva López, Ernesto - 2014

Una caída de la actividad agregada conlleva una reducción de la demanda de empleo, que es tanto mayor cuanto más rígidos sean los salarios. Este artículo examina el impacto de la rigidez salarial en España sobre la evolución del empleo entre 2009 y 2010. La extensión de los convenios...

Persistent link: https://www.econbiz.de/10012530458

Essays on crime and search frictions

Engelhardt, Bryan - 2008

four and a half months to find a job. Combining these results, it is demonstrated that reducing the average unemployment … of various labor market and crime policies such as unemployment insurance, hiring subsidies and the duration of jail … sentences. For example, wage subsidies reduce unemployment, the crime rates of employed and unemployed workers, and improve …

Persistent link: https://www.econbiz.de/10009466027

UNEMPLOYMENT, IDENTITY, AND SELF-CONFIDENCE: THEORETICAL MODELS AND EXPERIMENTAL EVIDENCE

Nolen, Patrick - 2006

In the leading chapter of this dissertation, "Unemployment, Vulnerability and Poverty: A New Class of Measures, Its … Axiomatic Properties and Applications," we, Kaushik Basu and myself, derive a new class of measures for unemployment or poverty …. Measures of unemployment and poverty have usually focused solely on those currently unemployed or below the poverty line …

Persistent link: https://www.econbiz.de/10009466172

From the Crisis of Distribution to the Distribution of the Costs of the Crisis: What Can We Learn from Previous Crises about the Effects of the Financial Crisis on Labor Share?

Onaran, Özlem - 2009

distribution, wages, and unemployment. This comparison is important not only because it compares developing vs. developed country …

Persistent link: https://www.econbiz.de/10009468080

On the Sources of the Inflationary Bias

Piga, Gustavo - 1998

Why do dynamic inconsistencies in monetary policy exist? In this paper we present a traditional model with output inefficiencies, but we allow for monetary policy to be influenced by the various constituencies in the economy, that pressure the Congress to in turn pressure the central bank to...

Persistent link: https://www.econbiz.de/10009472582

Outsourcing and Insourcing Jobs in the U.S. Economy: An Overview of Evidence Based on Foreign Investment Data

Jackson, James K.; Foreign Affairs, Defense - 2008

Foreign direct investment is sparking a national debate. Local communities compete for investment projects, while many of the residents of those communities fear losing their jobs to foreign outsourcing. Some opponents argue that such job losses have disproportionately negative impact on local...

Persistent link: https://www.econbiz.de/10009475015

Do Recessions Improve the Teenage Obesity Rate?

Zhang, Amy - 2011

Recent evidence reveals an interesting relationship between macroeconomic conditions and population health/health behaviors: economic downturns have been correlated with positive effects on overall health and health behaviors, while economic booms have been correlated with the negative effects...

Persistent link: https://www.econbiz.de/10009475480