Are specific skills an obstacle to labor market adjustment ?: theory and an application to the EU enlargement
In: Working paper series 585
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In: Working paper series 585
In: Economics of education review, Volume 29, Issue 6, p. 1086-1099
ISSN: 0272-7757
In: ECB Working Paper No. 1215
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In: IZA Discussion Paper No. 4982
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Under the Maastricht Treaty and the Stability and Growth Pact (SGP) European Union (EU) Member States commit themselves to avoid excessive deficits over 3% of GDP and to pursue the medium-term objective of budgetary positions close to balance or in surplus. The SGP provides also regulation for the surveillance of budgetary positions. An analysis of associated tools is the focus of this paper. In particular, it addresses two open issues in the empirical public finance literature which are crucial for monitoring fiscal policy discipline in the EU. First, the estimation of the structural component of the fiscal balance ratio. Second, the computation, when only annual fiscal data is available, of quarterly budget balance ratios, using relevant information from quarterly measured macroeconomic series. An econometric model that addresses both issues is presented and estimated. Additionally, this modelling framework allows us to answer questions such as: what is the safety margin that will prevent a particular country from reaching with certain probability abudget deficit that breaches the 3% upper bound?
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In: CEPR Discussion Paper No. DP13678
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Working paper
In: ECB Working Paper No. 2265
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Working paper
In: ECB Working Paper No. 2159
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In: IZA Discussion Paper No. 12306
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In: IZA Discussion Paper No. 5250
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In: Working paper series 963
In: Wage dynamics network
In: EBSCOhost eBook Collection
Labour Supply and Incentives to Work in Europe highlights recent developments in the labour supply in Europe and gives a detailed assessment of their link with economic policies and labour market institutions. Despite major changes in European labour supply during the past few decades, the existing literature still lacks a comprehensive study of the relationship between labour supply and labour market institutions from a macro perspective
In: ECB Working Paper No. 1890
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In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Volume 35, Issue 5, p. 697-712
ISSN: 0161-8938
International audience ; To increase labour market participation is a major challenge currently faced by the EU, and attracting women into the labour force appears as a promising avenue to do so. Therefore, a clear understanding of what the factors influencing the evolution of female participation rates are in Europe is essential for a successful design of policy measures aiming at increasing participation rates. This paper provides empirical evidence on the role that institutions have played in determining participation rates of women in the European labour markets. Our findings discard any doubt on the influence of institutions on women's participation in Europe. The strictness of labour market institutions negatively affects female participation rates. We also find that institutional features aimed at reconciling motherhood with professional life such as maternity leave schemes and part-time work favour participation rates of prime-age women. Additionally, fertility rates and education enrolment have been relevant for the evolution of participation rates during the sample period considered for prime-age and young females respectively, while cohort effects drive the developments of older females.
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