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The Political Economy of Labour Market Institutions

Gilles Saint-Paul

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293323
eISBN:
9780191596841
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198293321.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

Most economists think that unemployment is high in Europe because of rigid labour market institutions such as minimum wages, unemployment benefits, and employment protection. The book develops a ... More


The Constituency Effect

Gilles Saint‐Paul

in The Political Economy of Labour Market Institutions

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293323
eISBN:
9780191596841
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293321.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter discusses the constituency effect. By this, it is meant that when a labour market institution is in place, it creates its own political support. This in turn generates status‐quo bias ... More


Learning from Welfare Reforms: The Case of Public Pensions

Tito Boeri, Agar Brugiavini, Lars Calmfors, Alison Booth, Michael Burda, Daniele Checchi, Bernhard Ebbinghaus, Richard Freeman, Pietro Garibaldi, Bertil Holmlund, Robin Naylor, Martin Schludi, Thierry Verdier, and Jelle Visser

in The Role of Unions in the Twenty-first Century: A Report for the Fondazione Rodolfo Debenedetti

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199246588
eISBN:
9780191596001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199246580.003.0010
Subject:
Economics and Finance, Macro- and Monetary Economics

Provides a detailed account of the position of unions on pension reforms across Europe. This example is regarded as a major indicator establishing whether unions have a truly solidaristic approach in ... More


Conclusions

Tito Boeri, Agar Brugiavini, Lars Calmfors, Alison Booth, Michael Burda, Daniele Checchi, Bernhard Ebbinghaus, Richard Freeman, Pietro Garibaldi, Bertil Holmlund, Robin Naylor, Martin Schludi, Thierry Verdier, and Jelle Visser

in The Role of Unions in the Twenty-first Century: A Report for the Fondazione Rodolfo Debenedetti

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199246588
eISBN:
9780191596001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199246580.003.0012
Subject:
Economics and Finance, Macro- and Monetary Economics

Summarizes the main findings of this part of the report, stressing how the seniority bias in unions leads to economic outcomes that are more favourable to older workers. It analyses the ways in which ... More


The Production Function

John Hicks

in Capital and Time: A Neo-Austrian Theory

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198772866
eISBN:
9780191596414
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198772866.003.0015
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter discusses the production function. Product as a function of labour and capital applied — a function that is unchanged with given technology, but changes when technology changes. The ... More


Index Numbers: Issues and Alternatives

Robert J. Shiller

in Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198294184
eISBN:
9780191596926
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198294182.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

This chapter addresses the fact that creating index numbers for settlement of contracts requires some judgement, and that no single method is likely to be applicable to all circumstances—there are ... More


Policy Practices and Institutions for Successful Export Development and Diversification in Developing Countries *

Salomon Samen

in Handbook of Trade Policy for Development

Published in print:
2013
Published Online:
January 2014
ISBN:
9780199680405
eISBN:
9780191760266
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199680405.003.0014
Subject:
Economics and Finance, Macro- and Monetary Economics, Development, Growth, and Environmental

Salomon Samen examines the policy practices and institutions that can promote export development and diversification in developing countries. Many of the most tested and successful measures for ... More


Experimental Measures of Output and Productivity in the Canadian Hospital Sector, 2002 to 2010

Wulong Gu and Stéphane Morin

in Measuring Economic Sustainability and Progress

Published in print:
2014
Published Online:
May 2015
ISBN:
9780226121338
eISBN:
9780226121475
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226121475.003.0018
Subject:
Economics and Finance, Macro- and Monetary Economics

This paper constructs a direct output measure of the hospital sector in Canada. The volume index of the output of the hospital sector is estimated from aggregating the number of inpatient cases and ... More


The Response of Consumption to Anticipated Changes in Income

Tullio Jappelli and Luigi Pistaferri

in The Economics of Consumption: Theory and Evidence

Published in print:
2017
Published Online:
October 2017
ISBN:
9780199383146
eISBN:
9780199383160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199383146.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

The intertemporal models studied so far postulate that people use savings in order to smooth income fluctuations, and that unless there are liquidity constraints, consumption responds little if at ... More


The Skill Bias of the US Trade Deficit

Rosario Crinò and Paolo Epifani

in The Factory-Free Economy: Outsourcing, Servitization, and the Future of Industry

Published in print:
2017
Published Online:
April 2017
ISBN:
9780198779162
eISBN:
9780191824333
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198779162.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

In Chapter 7, Crino and Epifani suggest that large and rising global trade imbalances (e.g. the US with China) have directly led to rising wage inequality in industrial countries. They argue that ... More


Dynamic Consistency and Credibility

Jean-Pascal Bénassy

in Macroeconomic Theory

Published in print:
2011
Published Online:
April 2015
ISBN:
9780195387711
eISBN:
9780190261405
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780195387711.003.0019
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter analyzes the issues of time consistency and credibility in fiscal and monetary policy making. It briefly describes the article by Finn Kydland and Edward Prescott which introduced the ... More


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