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  1. Happiness, economy and institutions
    Autor*in: Frey, Bruno S.; Stutzer, Alois
    Erschienen: 2000
    Verlag:  CESifo, München

    A cross-regional econometric analysis suggests that institutional factors in the form of direct democracy (via initiatives and referenda) and of federal structure (local autonomy) systematically and sizeably raise s elf-reported individual... mehr

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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Universitätsbibliothek Osnabrück
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    A cross-regional econometric analysis suggests that institutional factors in the form of direct democracy (via initiatives and referenda) and of federal structure (local autonomy) systematically and sizeably raise s elf-reported individual well-being. This positive effect can be attributed to political outcomes closer to voters' preferences, as well as to the procedural utility of political participation. Moreover, the results of standard microeconometric well-bein g functions previously published for other countries are generally supported. Unemployment has a strongly depressing effect on happiness. A higher income level raises happiness, however, only to a small extent.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/75475
    Schriftenreihe: CESifo Working Paper ; 246
    Schlagworte: subjective well-being; institutions; direct democracy; unemployment
    Umfang: Online-Ressource (39 S.)
  2. Hysteresis in West German unemployment reconsidered
    Autor*in: Reutter, Michael
    Erschienen: 2000
    Verlag:  CESifo, München

    The view that high unemployment in West Germany and other European countries is caused by a path dependence effect - or hysteresis effect - is quite popular among economists. However, because of an identification problem, much of the empirical... mehr

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    The view that high unemployment in West Germany and other European countries is caused by a path dependence effect - or hysteresis effect - is quite popular among economists. However, because of an identification problem, much of the empirical evidence for this hypothesis is not fu lly convincing. This paper suggests a testing procedure that overcomes this problem. It is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of the explanatory variables. Building on a cointeg ration model of the employment rate in West Germany, I find only weak evidence for hysteresis.

     
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/75522
    Schriftenreihe: CESifo Working Paper ; 240
    Schlagworte: cointegration; hysteresis; trade unions; unemployment
    Umfang: Online-Ressource (20 S.)
  3. Capital accumulation and unemployment
    a tale of two continents
    Autor*in: Malley, James R.; Moutos, Thomas
    Erschienen: 2000
    Verlag:  CESifo, München

    In contrast to much recent work regarding the causes of European unemployment, in this paper, we emphasise the importance of capital accumulation. But unlike the few previous studies which have examined the relationship between capital accumulation... mehr

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    In contrast to much recent work regarding the causes of European unemployment, in this paper, we emphasise the importance of capital accumulation. But unlike the few previous studies which have examined the relationship between capital accumulation and unemployment, we argue that what matters for the evolution of employment [and the unemployment rate] is not the absolute growth rate of a country\rquote s capital stock, but its evolution relative to other countries' capital stock. The empirical validity of the above statement is demonstrated for almost all OECD countries using quarterly time-series data from 1961-1995. More detailed evidence is also presented for Germany, Japan and the United Kingdom.

     
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    Weitere Identifier:
    hdl: 10419/75642
    Schriftenreihe: CESifo Working Paper ; 236
    Schlagworte: unemployment; capital accumulation; international competition
    Umfang: Online-Ressource (26 S.)
  4. Unemployment and Consumption: Are Job Losses Less Painful near the Mediterranean?
    Autor*in: Bentolila, Samuel; Ichino, Andrea
    Erschienen: 2000
    Verlag:  CESifo, München

    In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel data on households in five countries: Spain and Italy (the South), and Germany, Britain, and the US (the North). Our empirical... mehr

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    In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel data on households in five countries: Spain and Italy (the South), and Germany, Britain, and the US (the North). Our empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with smaller consumption losses in Spanish and Italian households. We discuss this finding in the light of different market and institutional frameworks. Given that the coverage and generosity of social welfare institutions are both higher in the North, and that credit and insurance markets are also more developed in the North than in the South, existing theories of consumption indicate that in the South consumption should fall more than in the North when the male household head becomes unemployed. This and other evidence supports the hypothesis that extended family networks, which appear to be stronger near the Mediterranean, provide a fundamental source of insurance against unemployment in southern Europe.

     
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    Weitere Identifier:
    hdl: 10419/75623
    Schriftenreihe: CESifo Working Paper ; 372
    Schlagworte: consumption; savings; unemployment
    Umfang: Online-Ressource (39 S.)
  5. Institutions and structural unemployment
    do capital-market imperfections matter?
    Autor*in: Belke, Ansgar; Fehn, Rainer
    Erschienen: 2000
    Verlag:  Bayerische Julius-Maximilians-Univ., Wirtschaftswiss. Fak., Würzburg

    This paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing... mehr

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    This paper analyzes whether differences in institutional structures on capital markets contribute to explaining why some OECD-countries, in particular the Anglo-Saxon countries, have been much more successful over the last two decades in producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the often-blamed labor-market rigidities alone, while important, do not provide a satisfactory explanation for these differences across countries and over time. Financial constraints are potentially important obstacles against creating new firms and jobs and thus against coping well with structural change and against moving successfully toward the new economy. Highly developed venture capital markets should help to alleviate such financial constraints. This view that labor-market institutions should be supplemented by capitalmarket imperfections for explaining differences in employment performances is supported by our panel data analysis, in which venture capital turns out to be a significant institutional variable.

     
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/32478
    Auflage/Ausgabe: Preliminary version
    Schriftenreihe: Wirtschaftswissenschaftliche Beiträge des Lehrstuhls für Volkswirtschaftslehre, Wirtschaftsordnung und Sozialpolitik, Universität Würzburg ; 40
    Schlagworte: Strukturelle Arbeitslosigkeit; Finanzmarkt; Unvollkommener Markt; Lohnrigidität; Arbeitsmarktflexibilität; Risikokapital; Beschäftigungseffekt; Schätzung; Theorie; OECD-Staaten; labor markets; unemployment; new economy; panel analysis; venture capital
    Umfang: Online-Ressource ([1], 36, [15] S., graph. Darst.