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1.
This paper puts together the non-distortionary liquidity effect of unemployment insurance and job match quality. We identify
a big impact on subsidized unemployment duration and a small impact on wages on the job that follows the unemployment spell.
Wage gains are heterogeneous and concentrated on individuals at the bottom of the pre-unemployment income distribution. The
non-distortionary nature of the liquidity effect reduces the pressure on low-income workers to accept lower productivity jobs.
相似文献
álvaro A. Novo (Corresponding author)Email: |
2.
Does population density matter in the process of matching heterogeneous job seekers and vacancies? 总被引:1,自引:0,他引:1
This paper studies the matching of job seekers and vacant jobs using data on local labour markets. We estimate differences
in the ability of the local markets to form new matches and trace whether these differences can be explained by the differing
population densities across markets or by the heterogeneity of job seekers measured by the distribution of their education
level. We find that high-density areas are more efficient in forming matches than other areas despite frictions caused by
the wider heterogeneity of job seekers in those areas than elsewhere.
相似文献
Jukka LahtonenEmail: |
3.
Jean-Pierre Lévy Mangin Jaime de Pablo Valenciano Tamás Michal Koplyay 《International Advances in Economic Research》2009,15(2):186-206
Relations between manufacturers and distributors have been the center point of the distribution channel’s management. This
study covers the effects of coercive, as well as non-coercive power on intermediary variables such as cooperation and conflict.
It will also analyze the effects of cooperation and conflict on American car dealers’ satisfaction and performance in Spain.
Due to the small sample size (46 dealers), the model based on causal modeling compelled us to use the optimization method
based on the partial least squares (PLS) regression techniques coupled with a bootstrapping to enable some generalization
of the results.
相似文献
Jean-Pierre Lévy ManginEmail: |
4.
Josep Maria Raya Vílchez 《International Advances in Economic Research》2009,15(2):156-168
Competitiveness in most developed countries is increasingly measured in terms of the quality of goods and services and to
a lesser extent in terms of prices. It is crucial to know the opinion of the consumer with regards to the goods and services.
The paper uses data from satisfaction surveys on local events celebrated during 2006 in the Maresme region (Barcelona). The
effects of each explanatory variable on the satisfaction of individuals are analyzed using an ordered logit model for the
Likert variable and a logit model for the binary variable. It is observed that, although generic valuations are very similar,
the effects of some explanatory variables can be very different, since each indicator presents specific features.
相似文献
Josep Maria Raya VílchezEmail: |
5.
This study examines the impact of a stamp tax rate increase on market behavior, using data from two stock exchanges in China. We find that when the tax rate increases from 0.3 to 0.5% (which implies that the transaction cost increases by about 1/3) trading volume decreases by 1/3. This implies an elasticity of turnover with respect to a stamp tax of −50% and an elasticity of turnover with respect to transaction cost of −100%. The markets’ volatility significantly increases after the increase in the tax rate. Furthermore, the change in the volatility structure indicates that the markets become less efficient in the sense that shocks are less quickly assimilated in the markets.
相似文献
Badi H. Baltagi (Corresponding author)Email: |
Dong LiEmail: |
Qi LiEmail: |
6.
This paper estimates a cointegrated vector autoregressive (VAR) model for UK data on consumer prices, unit labour costs, import prices and real consumption growth. The estimated VAR indicates that the nominal variables are characterised by I(2) trends, and that a linear combination of these processes cointegrate to I(1). This supports an analysis in which I(1) and I(2) restrictions are imposed. A key finding is that an increase in real import prices reduces productivity adjusted real wages, such that the change in domestic inflation is moderated. This may explain why the depreciation of sterling in 1992 left inflation unchanged.
相似文献
Christopher BowdlerEmail: |
7.
We test the hypothesis that the sector bias of skill biased technical change is important in explaining the rising relative
wage of skilled workers in the manufacturing sector in three Central and Eastern European transition countries. The econometric
results broadly confirm that the concentration of skill biased technical change in the skill intensive sectors had a significant
effect on the skill premium in these transition countries.
相似文献
Robert Stehrer (Corresponding author)Email: |
8.
This paper uses a human capital earnings equation to quantify administrative corruption in the public sector. Regression analyses
are conducted based on information from surveys administered to public officials in Albania. After accounting for officials’
characteristics, e.g., schooling, experience, gender, type of agency, and public and private sectors’ features, we deduce
that the administrative corruption was on average 2.6× the officials’ current salary in Albania, which is equivalent to 16.7%
of the country’s GDP.
相似文献
Omer GokcekusEmail: |
9.
Huw David Dixon 《Portuguese Economic Journal》2007,6(2):89-93
This paper introduces the special issue by tracing out the history of imperfect competition in macroeconomics, particularly
since 1980. It argues that in the search for a micro-foundation for nominal rigidity it was necessary to abandon the assumption
of competitive equilibrium where all agents are price-takers. This led to models where firms and other optimising agents set
wages and prices which were part of the new Keynesian economics of the 1980s. When these were combined with quantitative dynamic
equilibrium methods it gave rise to the new neoclassical synthesis models which dominate macroeconomics today. The assumption
of imperfect competition provides an equilibrium with different properties to the competitive, and one particular focus is
on the relationship between the markup and the fiscal multiplier.
相似文献
Huw David DixonEmail: |
10.
The authors welcome criticisms emanating from neoclassical critics of Austrian economics. We congratulate Laidler for transcending
the usual modes of macroeconomic analysis to take on praxeological considerations. This paper should be interpreted as a welcome
for his efforts in the hope that they will be widely emulated within the profession.
相似文献
William Barnett IIEmail: |
11.
We analyse the effects of the regulation of wages in a standard one-sector OLG model of neoclassical growth extended to account
for endogenous fertility decisions of households and unemployment benefit policies financed at balanced budget. In contrast
with the prevailing literature, which has failed to pay due attention to inter-temporal contexts, our conclusion is that minimum
wages may be introduced not only for equity reasons, that is, to increase the income of low-paid workers, but under suitable
conditions—i.e., if production is sufficiently capital oriented and the unemployment benefits are high enough—minimum wage
legislation might be considered as a source of increased economic performance despite unemployment, i.e. a regulated-wage
economy performs better than a market-wage economy. As a consequence, since higher minimum wages raise per capita income together
with increasing unemployment, our results imply that a positive correlation between unemployment and long-run income per-capita
may exist. Further, the lifetime welfare of the representative generation may be increased as well. Finally, the wage rate
may also be treated as a policy instrument for the control of population growth.
相似文献
Luca Gori (Corresponding author)Email: |
12.
Ralf Brüggemann 《Empirical Economics》2006,31(2):409-431
In this paper we analyze the sources of German unemployment within a structural vector error correction model (SVECM) framework. For this purpose we estimate a VECM model using data for unified Germany. The cointegration analysis reveals a long-run relationship between real wages, productivity and unemployment which is interpreted as a wage setting relation. Based on a reduced form subset VECM we identify structural shocks and assess their importance for unemployment by impulse response analysis, forecast error variance and historical decompositions. In contrast to previous studies for West Germany, we find that productivity, labor supply and labor demand shocks are important sources of unemployment in the long-run.
相似文献
Ralf BrüggemannEmail: |
13.
The relative stability of differences in entrepreneurial activity across countries suggests that other than economic factors
are at play. The objective of this paper is to explore how postmaterialism may explain these differences. A distinction is
made between nascent entrepreneurship, new business formation and a combination of the two, referred to as total entrepreneurial
activity, as defined within the Global Entrepreneurship Monitor (GEM). The model is also tested for the rate of established businesses. The measure for postmaterialism is based upon Inglehart’s
four-item postmaterialism index. A set of economic, demographic and social factors is included to investigate the independent
role postmaterialism plays in predicting entrepreneurial activity levels. In particular, per capita income is used to control
for economic effects. Education rates at both secondary and tertiary levels are used as demographic variables. Finally, life
satisfaction is included to control for social effects. Data from 27 countries (GEM, World Values Survey and other sources) are used to test the hypotheses. Findings confirm the significance of postmaterialism in predicting total
entrepreneurial activity and more particularly, new business formation rates.
相似文献
Roy ThurikEmail: |
14.
We present a two-sector endogenous growth model with human and physical capital accumulation to analyze the long-run relationship
between population growth and real per capita income growth. Formal education and investment in physical capital are assumed
to be two separate components of human capital production. Along the balanced growth path equilibrium, population change may
have a positive, negative, or else neutral effect on economic growth depending on whether physical and human capital are complementary/substitutes
for each other in the formation of new human capital and on their degree of complementarity.
相似文献
Davide La TorreEmail: |
15.
Sjoerd Beugelsdijk 《Journal of Evolutionary Economics》2007,17(2):187-210
In this paper, we empirically study the relationship between entrepreneurial culture and economic growth. Based on a micro
based comparison of entrepreneurs and non-entrepreneurs, we develop a measure reflecting entrepreneurial attitude at the regional
level. We subsequently relate this newly developed variable, ‘entrepreneurial culture,’ to innovativeness and economic growth
in 54 European regions. Extensive robustness analysis suggests that differences in economic growth in Europe can be explained
by differences in entrepreneurial culture, albeit mostly in an indirect way.
相似文献
Sjoerd BeugelsdijkEmail: |
16.
Sourushe Zandvakili 《Forum for Social Economics》2008,37(2):135-145
Assessment of inequality measurement is the focus for this survey. All measures of inequality must be evaluated based on a
set of desirable properties. More importantly, the usefulness of statistical inference for measures of inequality needs examination.
相似文献
Sourushe ZandvakiliEmail: |
17.
How large is liquidity risk in an automated auction market? 总被引:2,自引:0,他引:2
We introduce a new empirical methodology that models liquidity risk over short time periods for impatient traders who submit market orders. Using Value-at-Risk type measures, we quantify the liquidity risk premia for portfolios and individual stocks traded on the automated auction market Xetra. The specificity of our approach relies on the adequate econometric modelling of the potential price impact incurred by the liquidation of a portfolio. We study the sensitivity of liquidity risk towards portfolio size and traders' time horizon, and interpret its diurnal variation in the light of market microstructure theory.
相似文献
Pierre GiotEmail: Phone: +32-81-724887 |
Joachim Grammig (Corresponding author)Email: Phone: +49-7071-2976009Fax: +49-29-5546 |
18.
This paper explores the implications of trade liberalization by extending the intra-industry trade framework à la Fung and
Maechler (J Int Trade Econ Dev 16(1):53–69, 2007) to the case of sequential move and taking the mode of firms’ competition
into consideration as well. It is shown that the existing results obtained for the case of simultaneous price competition
are robust in quantity competition and sequential move cases. Moreover, it studies the likelihood that the environmental effects
of trade liberalization occur.
相似文献
Lihong ZhaoEmail: |
19.
Thiess Buettner 《Empirica》2007,34(4):287-297
This paper provides empirical evidence on regional labor market flexibility in Europe and, in particular, in the EU-accession
countries in Central and Eastern Europe. Whereas substantial regional disparities in unemployment are found for pre-accession
EU member countries as well as for accession countries, an empirical analysis taking account of spatial effects shows that
regional wage flexibility is significantly higher for accession countries. Moreover, unemployment disparities are found to
be less persistent in the accession countries.
相似文献
Thiess BuettnerEmail: |
20.
Pierre Garrouste 《The Review of Austrian Economics》2008,21(4):251-269
This paper presents an analysis of the way the Austrian theory of institutions evolved from Menger’s main works. It also tries
to advance the idea that the economics of institutions, when it deals with the emergence and evolution of rules and norms
from interacting individuals, is inspired by Menger’s work and more generally by the Austrian analysis of the emergence and
evolution of institutions. Recent works in the economics of institutions build on this earlier Austrian work to make it more
formalized and testable.
相似文献
Pierre GarrousteEmail: |