Documents

Déposez votre fichier ici pour le déplacer vers cet enregistrement.

V

Munich

"This paper painstakingly restores a vintage empirical model of unemployment determination by interacting shocks and institutions, and runs it on recent data featuring dramatic shocks and controversial institutional change. Theoretical insights and empirical results suggest that reforms and capital flows contribute sensible and interrelated explanations for the recent twists and turns of unemployment rates in Europe and elsewhere."

More

Bookmarks

Déposez votre fichier ici pour le déplacer vers cet enregistrement.

V

Munich

"Labour incomes depend on structural as well as politico-economic factors, because labour market policies partially remedy the financial market imperfections that make labour income shocks difficult to insure, and have different implications for labour and capital income. This paper illustrates such theoretical insights with a simple model, and reviews evidence of their empirical relevance generated by international economic, monetary, and financial integration."

"Labour incomes depend on structural as well as politico-economic factors, because labour market policies partially remedy the financial market imperfections that make labour income shocks difficult to insure, and have different implications for labour and capital income. This paper illustrates such theoretical insights with a simple model, and reviews evidence of their empirical relevance generated by international economic, monetary, and ...

More

Bookmarks

Déposez votre fichier ici pour le déplacer vers cet enregistrement.

V

Munich

"“Race-to-the-bottom” deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern is readily explained by this paper's model of financial integration between differently capital-abundant countries, within which labor policies benefit individuals with wealth/labor income ratios different from country's aggregate."

"“Race-to-the-bottom” deregulation is to be expected when markets operate across the borders of countries that independently choose and enforce labor policies. Less obviously, in pre-crisis EMU reforms of labor market policies were uneven and related to international imbalances. That pattern is readily explained by this paper's model of financial integration between differently capital-abundant countries, within which labor policies benefit ...

More

Bookmarks

Déposez votre fichier ici pour le déplacer vers cet enregistrement.

Labour. Review of Labour Economics and Industrial Relations - vol. 27 n° 3 -

"Private school students do not always perform better in standardized tests. We suggest that this may be explained by choice of private schooling by less capable students in countries where government schools are better suited to talented students. To assess the empirical relevance of this mechanism, we exploit cross-country variation in the Program for International Student Assessment (PISA) 2009 survey of differences between private and state school regarding organizational features that are differently suitable for students with different learning ability. We seek and find evidence of this mechanism's empirical relevance in controlled regressions that treat within-country variation of PISA scores as an indicator of unobserved ability to learn."

"Private school students do not always perform better in standardized tests. We suggest that this may be explained by choice of private schooling by less capable students in countries where government schools are better suited to talented students. To assess the empirical relevance of this mechanism, we exploit cross-country variation in the Program for International Student Assessment (PISA) 2009 survey of differences between private and state ...

More

Bookmarks

Déposez votre fichier ici pour le déplacer vers cet enregistrement.

V

Munich

"This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors, inspects the empirical relevance of this mechanism in European data, and outlines the proposed theoretical perspective's implications for reform design in crisis-hit economies."

"This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors, inspects the empirical relevance of this mechanism in European data, and outlines the proposed theoretical perspective's implications for refo...

More

Bookmarks

Déposez votre fichier ici pour le déplacer vers cet enregistrement.

Labour Economics - vol. 19 n° 5 -

"We analyse the relative intensity and character of price vs. cost and wage vs. employment firm-level adjustment to cost-push shocks in the European System of Central Banks Wage Dynamics Network (WDN) survey data set. The results document several statistically significant and theoretically sensible relationships: price increases are less likely when product market competition is more intense, and more likely when collective wage agreements or employment protection legislation constrain firm-level reactions. We discuss how changes of such structural and institutional features of firms and of their environment may underlie the evolution of macroeconomic adjustment mechanisms in Europe."

"We analyse the relative intensity and character of price vs. cost and wage vs. employment firm-level adjustment to cost-push shocks in the European System of Central Banks Wage Dynamics Network (WDN) survey data set. The results document several statistically significant and theoretically sensible relationships: price increases are less likely when product market competition is more intense, and more likely when collective wage agreements or ...

More

Bookmarks

Déposez votre fichier ici pour le déplacer vers cet enregistrement.

OECD Economic Studies - n° 31 -

employment policy ; international ; job satisfaction ; low wages ; social integration ; taxation ; unemployment benefit ; unskilled worker ; wages

More

Bookmarks

Déposez votre fichier ici pour le déplacer vers cet enregistrement.

International Labour Review - vol. 139 n° 1 -

employment ; employment creation ; labour market ; regulation

More

Bookmarks

Déposez votre fichier ici pour le déplacer vers cet enregistrement.

V

Frankfurt am Main

"This paper analyses information from survey data collected in the framework of the Eurosystem's Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in response to cost-push shocks depend – in theoretically sensible ways – on the intensity of competition in firms' product markets, on the importance of collective wage bargaining and on other structural and institutional features of firms and of their environment. Focusing on the passthrough of cost shocks to prices, our results suggest that the pass-through is lower in highly competitive firms. Furthermore, a high degree of employment protection and collective wage agreements tend to make this pass-through stronger."

"This paper analyses information from survey data collected in the framework of the Eurosystem's Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in response to cost-push shocks depend – in theoretically sensible ways – on the intensity of competition in firms' product markets, on the importance of collective ...

More

Bookmarks

Déposez votre fichier ici pour le déplacer vers cet enregistrement.

V

London competition ; freedom of movement ; labour mobility ; posted worker ; regulation ; service sector

More

Bookmarks

Documents Bertola, Giuseppe 17 results

European unemployment revisited: shocks, institutions, integration Bertola, Giuseppe CESifo, Munich | 2016 NEW

Finance, labour, capital, and international integration Bertola, Giuseppe CESifo, Munich | 2016 NEW

Labor policies and capital mobility in theory and in EMU Bertola, Giuseppe CESifo, Munich | 2014 NEW

Who chooses which private education? Theory and international evidence Bertola, Giuseppe ; Checchi, Daniele | 2013 H NEW

Labor market policies and European crises Bertola, Giuseppe CESifo, Munich | 2013 NEW

Price, wage and employment response to shocks: evidence from the WDN survey Bertola, Giuseppe ; Dabusinskas, Aurelijus ; Hoeberichts, Marco ; Izquierdo, Mario ; Kwapil, Claudia ; Montornès, Jérémi ; Radowski, Daniel | 2012 H NEW

What do we know about policies to make work pay. Pearson, Mark ; Scarpetta, Stefano ; Hotz, V. Joseph ; Scholz, John Karl ; Greewood, John ; Voyer, Jean-Pierre ; Dilnot, Andrew ; McCrae, Julian ; Phelps, Edmund S. ; Fitoussi, Jean-Paul ; Gregg, Paul ; Grubb, David ; Bertola, Giuseppe | 2000 NEW

Employment protection in industrialized countries: the case for new indicators. Bertola, Giuseppe ; Boeri, Tito ; Cazes, Sandrine | 2000 NEW

Price, wage and employment response to shocks. Evidence from the WDN survey Bertola, Giuseppe ; Dabusinskas, Aurelijus ; Hoeberichts, Marco European Central Bank | 2010 NEW

Services provision and temporary mobility: freedoms and regulation in the EU Bertola, Giuseppe ; Mola, Lorenza London School of Economics and Political Science | 2009 NEW