Labor Market Reform and Price Stability: An Application to the Euro Area

Welfare Reform and the Labor Market

This paper reviews the basic theoretical models that are appropriate for analyzing different types of welfare reforms, and the related empirical literature. We first present the canonical labor supply model of a classical welfare program, and then extend this basic framework to include in-kind transfers, incomplete take-up, human capital, preference persistence, and borrowing and saving. The em...

The Labor Market Effects of Welfare Reform

The recent reform of the federal welfare system was meant to encourage recipients to leave welfare and enter the workforce. If the reform is successful there are likely to be effects felt throughout the low–skilled end of the labor market. As former welfare recipients enter the labor market, they may exert downward pressure on wages or displace employment of others already in the labor market. ...

Reform And Efficiency: An Application To Iranian Regional Electricity Companies

Tax Reform and Labour-market Performance in the Euro Area a Simulation-based Analysis Using the New Area-wide Model

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Distributional Consequences of Asset Price Inflation in the Euro Area

We study the distributional consequences of housing price, bond price and equity price increases for Euro Area households using data from the Household Finance and Consumption Survey (HFCS). The capital gains from bond price and equity price increases turn out to be concentrated among relatively few households, while the median household strongly benefits from housing price increases. The capit...