Fotografías de las generaciones jóvenes en el mercado laboral neerlandés

Ante el declive generalizado de la relación de trabajo estándar y sus efectos particulares en los jóvenes, se examinan aquí en detalle las trayectorias laborales de los trabajadores al inicio de su carrera en los Países Bajos entre 1985 y 2015 mediante el enfoque del análisis secuencial del ciclo vital. Tras calcular dos indicadores de inestabilidad (índices de entropía y de turbulencia), se observa que las cohortes que iniciaron su vida activa después de 2000 y, en particular, 2008 experimentan mayor inestabilidad laboral a pesar de las políticas de flexiseguridad aplicadas. Las transiciones hacia el empleo estable son la excepción al final del periodo estudiado.     

Optimal monetary policy in a New Keynesian model with habits in consumption

In this paper we consider the implications of habits for optimal monetary policy, when those habits either exist at the level of the aggregate basket of consumption goods (‘superficial’ habits) or at the level of individual goods (‘deep’ habits: see Ravn et al., 2006). External habits generate an additional distortion in the economy and create new trade-offs for optimal policy, as the policy maker does not respond as aggressively to technology shocks in order to avoid exacerbating the habits externality. This can dramatically affect both the parameterization of optimal simple rules, as well as their determinacy properties. These effects are particularly strong when habits are of the deep kind.     

Economic Sentiments and Money Demand Stability in the CEECs

Open Economies Review - This paper aims at building a money demand function that takes account of the heterogeneities of the Central and Eastern European Countries (CEECs) in the context of the...     

Does Unemployment Lead to Greater Alcohol Consumption?

Using panel data from Waves 1 and 2 of the NESARC, we estimate gender‐specific effects of changes in employment status on overall alcohol consumption, binge‐drinking episodes, and a diagnosis of alcohol abuse and/or dependence. We employ various fixed‐effects models to address potential bias from unobserved and time‐invariant individual heterogeneity. All results show a positive and significant effect of unemployment on drinking behaviors, and the findings are robust to numerous sensitivity tests. Perhaps, macroeconomic policy decisions intended to stimulate the economy during economic downturns should also consider the avoided personal costs and externalities associated with alcohol misuse.     

Pro‐Consumer Price Ceilings under Regulatory Uncertainty*

We examine optimal price ceilings when the regulator is uncertain about demand and maximizes expected consumer surplus. With perfect competition, if regulatory uncertainty is large enough, then softer intervention is called for, with the price ceiling set at a relatively high level compared with a full information scenario. In an imperfectly competitive setting where symmetric firms compete in supply functions, with large enough uncertainty, the optimal ceiling increases with the degree of competition, so greater competitive pressure justifies less restrictive regulation. Under perfect competition, we also determine a cut‐off level of rationing efficiency below which a price ceiling should not be used.     

Approved routes and alternative paths: The construction of women's careers in large accounting firms. Evidence from the French Big Four

Despite decades of gender-balanced recruitment and clear-cut criteria for promotion based on meritocracy, women in public accounting firms remain proportionally fewer in number in the highest levels of the hierarchy than men. This paper aims to explore the mechanisms fostering women's rarity in top positions within French accounting firms in terms of organizationally constructed approved paths. Drawing on 23 semi-structured interviews with both male and female accountants, the specificities of these approved paths, alongside the construction of alternative, feminized routes, lacking the legitimacy of the former and often implying a derailment of women's careers from a very early stage, will be explored. It is suggested that more than a matter of only lifestyle preferences or practical constraints, this rarity is constructed by the interplay between the two, often resulting in “unintended and unwanted consequences, which retroactively may become unacknowledged conditions of future actions” (Giddens, 1984: 76). The focus of this study is to understand how the discursive and practical components of daily routines contribute to the reproduction of Big Four's gendered culture. Furthermore, this paper challenges the concept of the glass ceiling and instead conceives of the construction of women's careers in the accounting profession in terms of a labyrinth.     

A Closed‐form Solution of a Two‐sector Endogenous Growth Model with Habit Formation

This paper determines a closed‐form solution of the two‐sector endogenous growth model with habit formation. Differently to the paper of Hiraguchi, but similar to other approaches as those of Gomez, Turnovsky and Monteiro, we consider that the habits are formed in an external manner and enter additively into the utility function.