Search Results

1 - 10 of 22 items :

  • Economic Policy x
  • Econometrics x
  • Microeconomics x
Clear All
Survey vs Scraped Data: Comparing Time Series Properties of Web and Survey Vacancy Data

specific case study using data from an NSO to benchmark a very large data set collected from the Internet, with the aim of shedding light on the relationship between the population collected online and the population at large as inferred by traditional scientific methods. More specifically, we focus on the number of vacancies in the economy inferred by survey methods by a statistical office compared to the number of vacancies obtained from web crawling. In economics research, labor markets are among the areas in which Big Data is increasingly being used ( Choi and

Open access
Diaspora Externalities

) through market prices. This is how the “brain drain,” for example, has been portrayed in the early literature of the 1970s as well as in the first “new growth” models of the early 1990s. And this also applies, this paper will argue, to the role of migration and diaspora networks that contribute to integrate home countries into the world economy. While by definition individuals do not internalize the full extent of consequences of their decisions on other’s welfare (for if they were, there would be no externality), these consequences should be—but are seldom

Open access
Economics of Artificial Intelligence: Implications for the Future of Work

do we think of the jobs that might have been lost because of these computers and machines. Today, we no longer fear the computer that Professor Simon was afraid of, but something more profound: artificial intelligence (AI) or the capacity of machines to make predictions using large amounts of data to take actions in complex, unstructured environments ( Agrawal et al., 2018a ). Complex decision-making under uncertainty is at the heart of modern economies. Whether as a consumer deciding which products and services to consume, as an employee when it comes to

Open access
Labor Migration in Indonesia and the Health of Children Left Behind

1 Introduction Economic research on labor migration in the developing world has traditionally focused on the role played by the remittances of overseas migrant labor in the sending country’s economy (for a survey of the empirical literature on remittances, see Adams (2011) ). In the last decade, more attention has been paid to migration for work and its effects on the socioeconomic outcomes of sending households, thanks in large part to the increased availability of household survey data from developing countries. This study contributes to this particular

Open access
Frontal assault versus incremental change: A comparison of collective bargaining in Portugal and the Netherlands

on collective bargaining has tended to concentrate on the level of bargaining . An influential view originally proposed by Calmfors and Driffill (1988) held that systems with predominantly sector-level bargaining lead to excessive wage claims relative to productivity. As a result, these systems were thought to be associated with weaker labour market performance than either centralised systems, which provide flexibility at the aggregate level by inducing unions and employer associations to internalise the macro-economic effects of wage claims on economy

Open access
The World’s Oldest Profession? Employment-Age Profiles from the Transactional Sex Market

Weiss, Y., 1976. Human capital and labor supply: A synthesis. Journal of Political Economy, 84(3): 449-472. 10.1086/260454 Blinder A.S. and Weiss Y. 1976 Human capital and labor supply: A synthesis. Journal of Political Economy, 84 3 449 – 472 Castellucci, F., Padula, M. and Pica, G. 2011. The age-productivity gradient: Evidence from a sample of F1 drivers. Labour Economics, 18(4): 464-473. 10.1016/j.labeco.2010.09.002 Castellucci F. Padula M. and Pica G. 2011 The age-productivity gradient: Evidence from a sample of F1 drivers

Open access
Exploiting the Irish Border to Estimate Minimum Wage Impacts in Northern Ireland

employment protection in NI and the RoI are likely to be broadly similar. Over this period, the RoI labor market has been subject to much higher levels of economic volatility, due principally to the highly open nature of the Irish economy, compared to the NI labor market, which is generally perceived as being less subject to national and international shocks, in part due to its heavier reliance on public sector employment. Public sector jobs are estimated to account for over 30% of total employment in NI, compared to a UK average of 17% ( McFlynn, 2015 ) and a figure of

Open access
Reallocation and the Role of Firm Composition Effects on Aggregate Wage Dynamics

for the same period. We proceed by first implementing a standard Blinder–Oaxaca (BO) decomposition exercise ( Blinder, 1973 and Oaxaca, 1973 ), augmented with employer-level characteristics. This exercise allows us to quantify separately the parts of average wage changes that are due to changes in employers’ and those due to changes in workers’ average characteristics in the economy. Since matched employer–employee datasets were previously not easily available, the firm side of the adjustment has often been neglected in the earlier literature. Recently, some

Open access
Migration, Cultural Identity and Diasporas An Identity Economics Approach

people have to be able to do business with each other across all the particularities of content and background” ( Taylor, 2011 , p. 83). He argues that a homogeneous culture seems to be “… an undeniable feature of modern-market, growth-oriented, industrial economies, embedded as they are in bureaucratic polities …” ( Taylor, 2011 , p. 83). Even more, “… the modern state economy can’t help fostering in his homogenization of identity and allegiance that it must nourish for its survival” ( Taylor, 2011 , p. 90). “That is why those states try to inculcate patriotism and to

Open access
Unemployment Impact of Product and Labor Market Regulation: Evidence from European Countries

macroeconomic tools such as monetary and fiscal policies are being already used and have their limits, structural reforms appear as a crucial ingredient for boosting economic growth and employment. This paper contributes to the debate by evaluating the effect of product and labor market deregulation on the unemployment rate. The economy-wide product market regulation (PMR) index computed by the Organisation for Economic Co-operation and Development (OECD) is used to estimate the level of regulation in 24 European countries Twenty-one countries from the European Union (EU

Open access