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Fiscal policy and the labour market: The effect of public sector employment and wages
Gomes, Pedro - 2010
the optimal policy can increase the volatility of unemployment significantly. Public sector wage and employment shocks … have mixed effects on unemployment. A wage shock raises the unemployment rate, while a reduction in the separations lowers … it. Hiring more people can increase or decrease the unemployment rate. All shocks raise the wage and crowd out employment …
Persistent link: https://www.econbiz.de/10010331074
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Heterogeneity and the public sector wage policy
Gomes, Pedro - 2017
-state unemployment by 1.4 percentage points. …
Persistent link: https://www.econbiz.de/10011738878
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Heterogeneity and the Public Sector Wage Policy
Gomes, Pedro Maia - 2017
-state unemployment by 1.4 percentage points. …
Persistent link: https://www.econbiz.de/10011786941
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The effects of public sector employment on the economy : the size and wage level of the public sector affect overall employment volatility and the economy
Caponi, Vincenzo - 2017
Public sector jobs are created because governments opt to provide goods and services produced directly by public employees. Governments, however, may also choose to regulate the size of the public sector in order to stabilize targeted national employment levels. However, economic research...
Persistent link: https://www.econbiz.de/10011664993
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The effects of public sector employment on the economy
Caponi, Vincenzo - In: IZA World of Labor (2017)
Public sector jobs are created because governments opt to provide goods and services produced directly by public employees. Governments, however, may also choose to regulate the size of the public sector in order to stabilize targeted national employment levels. However, economic research...
Persistent link: https://www.econbiz.de/10011662651
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Macroeconomic effects of public-sector unions
Vasilev, Aleksandar - In: LABOUR 29 (2015) 2, pp. 101-126
Motivated by the highly-unionized public sectors, the high public shares in total employment, and the public-sector wage premia observed in Europe, this paper examines the importance of public-sector unions for macroeconomic theory. The model generates cyclical behavior in hours and wages that...
Persistent link: https://www.econbiz.de/10011508120
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Macroeconomic effects of public-sector unions
Vasilev, Aleksandar - 2015
Motivated by the highly-unionized public sectors, the high public shares in total employment, and the public-sector wage premia observed in Europe, this paper examines the importance of public-sector unions for macroeconomic theory. The model generates cyclical behavior in hours and wages that...
Persistent link: https://www.econbiz.de/10011518448
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Public employment redux
Garibaldi, Pietro; Gomes, Pedro; Sopraseuth, Thepthida - In: Journal of government and economics : JGE 1 (2021), pp. 1-32
The public sector hires disproportionately more educated workers. To rationalize this finding, we propose a model with a perfectly competitive private sector, and non-Walrasian public sector. Our economy also features heterogeneity across individuals and jobs, and a simple sorting mechanism that...
Persistent link: https://www.econbiz.de/10012803194
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Fiscal policy and the labour market : the effect of public sector employment and wages
Gomes, Pedro - 2010
the optimal policy can increase the volatility of unemployment significantly. Public sector wage and employment shocks … have mixed effects on unemployment. A wage shock raises the unemployment rate, while a reduction in the separations lowers … it. Hiring more people can increase or decrease the unemployment rate. All shocks raise the wage and crowd out employment …
Persistent link: https://www.econbiz.de/10009302182
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Fiscal Policy and the Labour Market : The Effects of Public Sector Employment and Wages
Gomes, Pedro - 2010
the optimal policy can increase the volatility of unemployment significantly. Public sector wage and employment shocks … have mixed effects on unemployment. A wage shock raises the unemployment rate, while a reduction in the separations lowers … it. Hiring more people can increase or decrease the unemployment rate. All shocks raise the wage and crowd out employment …
Persistent link: https://www.econbiz.de/10013135824