* 19 Results

The report presents an assessment of the economic outlook for 2019 and 2020 based on a synopsis of the forecasts of Euroframe institutes and focused on the euro area.

Globalization might affect the mix of jobs available in an economy and the rate at which workers gain skills. We develop a model in which firms differ in terms of productivity and skills and use the model to examine how globalization affects the wage...

Kiel Policy Brief No. 70: The authors Sebastian Braun, Wolfgang Lechthaler and Mariya Mileva show that trade liberalization increases wage inequality.

This paper seeks to contribute to the ongoing controversy on the distributional effects of structural reforms in developing countries. To this end, we set up a small-scale macroeconomic model of a dual economy to capture the transmission mechanisms...

This paper explores the implications of the ongoing reorganization of firms for inequality in the labour market. We show how recent technological advances in physical and human capital can lead to the breakdown of occupational barriers, creating...

Under less restrictive assumptions than in previous contributions, this paper highlights various general patterns of profit rate dynamics. Without a substantial re-distribution of income in favour of profits, the profit rate declines. When labour...

In Taiwan, since the early 2000s the growth rate of real wages has been very low and has been even negative for high-skilled workers. This paper tries to shed new light on the potential causes of this puzzling development with a comparison to South...

Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching models while preserving individual rationality. I evaluate the quantitative implications of such an approach. I feed through a series...

The paper examines the relative effectiveness of two policy proposals in reducing unemployment and working poverty: hiring subsidies and wage subsidies. The hiring subsidies are targeted exclusively at the unemployed and are provided only for a...

We present a theory of involuntary unemployment which explains why the unemployed workers ("outsiders") are unable or unwilling to find jobs even though they are prepared to work for less than the prevailing wages of incumbent workers ("insiders")....