22 research outputs found
Bericht zur Lage der europĂ€ischen Wirtschaft: Ein neuer Krisenmechanismus fĂŒr die Eurozone
Am 22. Februar 2011 stellte die European Economic Advisory Group (EEAG) at CESifo ihren nunmehr zehnten Report on the European Economy in BrĂŒssel vor (EEAG Report on the European Economy 2011). Die Gruppe von internationalen Ăkonomen thematisiert insbesondere die Verschuldungskrise in Europa als Folge der Finanzkrise. Im Fokus des diesjĂ€hrigen Berichts stehen LĂ€nderstudien zu Griechenland und Spanien sowie das Design eines Krisenmechanismus fĂŒr die Eurozone. DarĂŒber hinaus werden Wege zur Regulierung des Finanzsektors aufgezeigt. Wie in den vergangenen Jahren liefert die EEAG auch eine Konjunkturprognose fĂŒr die europĂ€ische Wirtschaft. In diesem Artikel werden die fĂŒnf Kapitel des Reports zusammengefasst. Der gesamte EEAG Report kann unter http://www.cesifo-group.de/eeag heruntergeladen werden.Finanzmarktkrise Schulden Euromarkt Krisenmanagement Wirtschaftslage Wirtschaftspolitik Wirtschaftspolitische Wirkungsanalyse Wirtschaftspolitische Beratung EU-Staaten
The Long-run Determinants of Australian Income Inequality
Recent interest has been stimulated by the growth of income inequality in most developed countries during the 1980s and 1990s. However, considerable uncertainty still exists as to which factors have been the most important causes of this development. This article uses a measure of income inequality derived from taxation statistics and a recently proposed method for testing long-run Granger non-causality to examine the key determinants of Australiaâs inequality for the years 1970â2001. In line with popular concern, we find that globalisation and technological progress â defined as the global flow of information â has increased income inequality. In contrast, improved terms of trade have been equity-enhancing. Of the institutional determinants, de-unionisation has had an adverse effect on income inequality, where as higher minimum wages have reduced it
Employment protection versus flexicurity : on technology adoption in unionised tirms
We analyse how different labour-market institutions â employment protection versus âflexicurityââ affect technology adoption in unionised firms. We consider trade unionsâ incentives to oppose or endorse labour-saving technology and firmsâ incentives to invest in such technology. Increased flexicurity â interpreted as less employment protection and a higher reservation wage for workers â unambiguously increases firmsâ incentives for technology adoption. If unions have some direct influence on technology, a higher reservation wage also makes unions more willing to accept technological change. Less employment protection has the opposite effect, as this increases the downside (job losses) of labour-saving technology.COMPETE; QREN; FEDERFundação para a CiĂȘncia e a Tecnologia (FCT