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We introduce the papers in this volume and put them into the context of the literature on land use regulation. We then synthesise and draw some conclusions from existing research on land use regulation and interpret the evidence currently available. In the light of this review we then identify...
Persistent link: https://www.econbiz.de/10010745368
A key feature of OECD economic growth since the early 1970s has been the secular decline in manufacturing’s share of GDP and the secular rise of service sectors. This paper examines the role played by relative prices, technology, factor endowments, and labour market institutions in the process...
Persistent link: https://www.econbiz.de/10010746522
Individual and household based aggregate measures of worklessness can, and do, offer conflicting signals about labour market performance. We outline a means of quantifying the extent of any disparity, (polarisation), in the signals stemming from individual and household-based measures of...
Persistent link: https://www.econbiz.de/10010744988
Recent work in psychology and economics has investigated ways in which individuals experience their lives. This literature includes influences on individuals’ momentary happiness. We contribute to this literature using a new data source, Mappiness (www.mappiness.org.uk), which permits...
Persistent link: https://www.econbiz.de/10010745240
the minimum wage, trade unions, unemployment insurance, progressive income taxation and restrictions on labour contracts û …
Persistent link: https://www.econbiz.de/10010745358
It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...
Persistent link: https://www.econbiz.de/10010745736
We provide a unified directed search framework with general production and matching specifications that encompass most of the existing literature. We prove the existence of subgame perfect Nash equilibria in pure firm strategies in a finite version of the model. We use this result to derive a...
Persistent link: https://www.econbiz.de/10010746108
unemployment benefits can increase welfare because they limit firms’ market power by improving the workers’ outside option. …
Persistent link: https://www.econbiz.de/10010746648
example unemployment insurance. We argue that using wage data alone, it is virtually impossible to identify whether …
Persistent link: https://www.econbiz.de/10010746670
“The standard explanation of why advanced Europe has generated less work per adult than the US is that something is seriously amiss with EU labor markets. The theme of this piece is simple. Compared to an ideal competitive market, EU labor markets fall seriously short, but compared to labor...
Persistent link: https://www.econbiz.de/10011071444