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  1. The costs of flexibility-enhancing structural reforms
    a literature review
    Author: Boeri, Tito; Cahuc, Pierre; Zylberberg, André
    Published: 2015
    Publisher:  OECD, Economics Dep., Paris

    This survey highlights the key results of the empirical literature concerning the costs of flexibility enhancing reforms in product and labour markets. The documented costs include reduced employment, loss of government revenue, undesirable... more

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    This survey highlights the key results of the empirical literature concerning the costs of flexibility enhancing reforms in product and labour markets. The documented costs include reduced employment, loss of government revenue, undesirable distributional consequences and political instability. The literature suggests that: i) once implemented, product and labour market reforms affect prices and quantities quite rapidly; ii) there are no major differences between the overall effects in the short and long run; iii) the costs of reforms are very much related to interactions with other policies and institutions; and iv) the costs of reforms change over the business cycle.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    ECO/WKP(2015)82
    Series: OECD Economics Department working papers ; 1264
    Subjects: Flexibilität; Wirtschaftliche Anpassung; Anpassungskosten; Bibliometrie; Economics
    Scope: Online-Ressource (74 S.), graph. Darst.
    Notes:

    Zsfassung in franz. Sprache
  2. Comparing the employment-output elasticities of expatriates and nationals in the Gulf Cooperation Council
    Author: Behar, Alberto
    Published: 2015
    Publisher:  IMF, Washington, DC

    We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results indicate that the employment... more

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results indicate that the employment response is lower for nationals, who have an estimated short-run elasticity of only 0.15 and a long-run response of 0.7 or less. The elasticity is almost unity for expatriates in the long run and 0.35 in the short run. We interpret low elasticities as indirect evidence of labor market adjustment costs, which could include hiring and firing rigidities, skills mismatches, and reluctance to accept private sector jobs. Forecasts suggest that, absent measures to reduce adjustment costs, the private sector will only be able to absorb a small portion of nationals entering the labor force

     
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  3. The costs of flexibility-enhancing structural reforms
    a literature review
    Author: Boeri, Tito; Cahuc, Pierre; Zylberberg, André
    Published: 2015
    Publisher:  OECD, Economics Dep., Paris

    This survey highlights the key results of the empirical literature concerning the costs of flexibility enhancing reforms in product and labour markets. The documented costs include reduced employment, loss of government revenue, undesirable... more

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    This survey highlights the key results of the empirical literature concerning the costs of flexibility enhancing reforms in product and labour markets. The documented costs include reduced employment, loss of government revenue, undesirable distributional consequences and political instability. The literature suggests that: i) once implemented, product and labour market reforms affect prices and quantities quite rapidly; ii) there are no major differences between the overall effects in the short and long run; iii) the costs of reforms are very much related to interactions with other policies and institutions; and iv) the costs of reforms change over the business cycle.

     
    Export to reference management software   RIS file
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    Content information
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    ECO/WKP(2015)82
    Series: OECD Economics Department working papers ; 1264
    Subjects: Flexibilität; Wirtschaftliche Anpassung; Anpassungskosten; Bibliometrie; Economics
    Scope: Online-Ressource (74 S.), graph. Darst.
    Notes:

    Zsfassung in franz. Sprache
  4. State-dependent pricing, firm entry and exit, and non-neutrality of money
    Author: Oikawa, Koki; Ueda, Kozo
    Published: 2015
    Publisher:  Centre for Applied Macroeconomic Analysis, The Australian National Univ., Canberra

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper series ; 2015,03
    Subjects: Internationaler Markteintritt; Anpassungskosten; Neutralität des Geldes; Theorie
    Scope: Online-Ressource (10 S.)
  5. The optimal inflation rate under Schumpeterian growth
    Author: Oikawa, Koki; Ueda, Kozo
    Published: 2015
    Publisher:  Centre for Applied Macroeconomic Analysis, The Australian National Univ., Canberra

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper series ; 2015,14
    Subjects: Inflation; Wirtschaftswachstum; Anpassungskosten; Geldpolitik; Schumpeterismus; Endogenes Wachstumsmodell
    Scope: Online-Ressource (50 S.)
  6. Labor-force heterogeneity and asset prices
    the importance of skilled labor
    Published: 2015

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 1 (21487)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: NBER working paper series ; 21487
    Subjects: Arbeitskräfte; Qualifikation; Volkswirtschaftliche Investitionstheorie; Anpassungskosten; Theorie; USA
    Scope: 55 S.
    Notes:

    Parallel als Online-Ausg. erschienen
  7. Comparing the employment-output elasticities of expatriates and nationals in the Gulf Cooperation Council
    Author: Behar, Alberto
    Published: 2015
    Publisher:  IMF, Washington, DC

    We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results indicate that the employment... more

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    We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results indicate that the employment response is lower for nationals, who have an estimated short-run elasticity of only 0.15 and a long-run response of 0.7 or less. The elasticity is almost unity for expatriates in the long run and 0.35 in the short run. We interpret low elasticities as indirect evidence of labor market adjustment costs, which could include hiring and firing rigidities, skills mismatches, and reluctance to accept private sector jobs. Forecasts suggest that, absent measures to reduce adjustment costs, the private sector will only be able to absorb a small portion of nationals entering the labor force

     
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