1,721,060 research outputs found
The effects of financial and real wealth on consumption: new evidence from OECD countries. A comment
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Firing costs and labor market tightness: Is there any relationship?
No full textEmpirical evidence suggests the existence of a negative relationship between rigidities on the labor market and the level of economic activity. In this paper, we provide a background of this evidence. We build a model where the employed worker chooses the optimal level of firing costs by maximizing her human capital. Performing a comparative statics exercise, we analyze the effects of labor market tightness on the optimal choice of firing costs. Our theoretical model shows the existence of an inverse relation between labor market conditions and the level of firing cost under plausible hypothesis. © 2010 University of Venice
Households' Intertemporal Choice and the Duration of Fiscal Policies: Medium Run Non-Keynesian Effects
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