Found 738 article(s) in category 'Regulation'

Civil society and the state: The interplay between cooperation and minimum wage regulation

Civil society and the state: The interplay between cooperation and minimum wage regulation. Philippe Aghion, April 30, 2009, Paper. “In a cross-section of countries, state regulation of labor markets is strongly negatively correlated with the quality of labor relations. In this paper, we argue that these facts reflect different ways to regulate labor markets, either through the state or through the civil society, depending on the degree of cooperation in the economy. We rationalize these facts with a model of learning of…” Link

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TECHNOLOGY AND LABOR REGULATIONS. Alberto Alesina, April 2009, Paper. “Many low skilled jobs have been substituted away for machines in Europe, or eliminated, much more so than in the US, while technological progress at the “top”, i.e. at the high-tech sector, is faster in the US than in Europe. This paper suggests that the main difference between Europe and the US in this respect is their different labor market policies. European countries reduce wage flexibility and inequality through a host of labor market regulations, like binding minimum wage laws, permanent unemployment subsidies, firing costs, etc..” Link

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Can political affirmative action for women reduce gender bias?

Can political affirmative action for women reduce gender bias? Rohini Pande, January 8, 2009, Article. ““While women have the legal right to equal participation in politics in almost every country around the world, they remain vastly underrepresented in local and national politics. As of July 2006, women accounted for only 17% of parliamentarians worldwide, and a woman headed the government in only seven countries (UNICEF, 2007). These numbers vary dramatically by region. In 2004, the highest share of female parliamentarians was found in the Nordic countries (39.7%), while the lowest was in the Arab States (6%)…” Link

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Investment Cycles and Sovereign Debt Overhang

Investment Cycles and Sovereign Debt Overhang. Aguiar, Mark, Manuel Amador, and Gita Gopinath, 2009, Paper. “We characterize optimal taxation of foreign capital and optimal sovereign debt policy in a small open economy where the government cannot commit to policy, seeks to insure a risk-averse domestic constituency, and is more impatient than the market. Optimal policy generates long-run cycles in both sovereign debt and foreign direct investment in an environment in which the first best capital stock is a constant. The expected tax on capital endogenously varies with the state of the economy, and investment is distorted…” Link


Does Equity Pass the Laugh Test? A Response to Oliar and Springman

Does Equity Pass the Laugh Test? A Response to Oliar and Springman. Henry Smith, 2009, Paper, “Dotan Oliar and Christopher Sprigman explore an example of a norm system-the one among stand-up comedians against joke theft-and show why it is likely superior to use of copyright to protect rights in jokes. In the course of their study they document both how formal copyright law is unsuited to protecting comedic material and what type of norm system, enforced by other comics and booking agents, has sprung up in its stead. From a property point of view, the likely bi-causal relationship between the development of the antiplagiarism norm and the rise of narrative, observational, and social commentary-style comedy out of earlier vaudeville and post-vaudeville styles is now, thanks to Oliar and Sprigman, one of the better documented cases of Demsetzian development we have.Link

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The Economics of Growth

The Economics of Growth. Philippe Aghion, December 19, 2008, Book. “This comprehensive introduction to economic growth presents the main facts and puzzles about growth, proposes simple methods and models needed to explain these facts, acquaints the reader with the most recent theoretical and empirical developments, and provides tools with which to analyze policy design. The treatment of growth theory is fully accessible to students with a background no more advanced than elementary calculus and probability theory…” Link

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Regulation and Distrust

Regulation and Distrust. Philippe Aghion and Andrei Shleifer, November 27, 2008, Paper. “In a cross-section of countries, government regulation is strongly negatively correlated with social capital. We document, and try to explain, this highly significant empirical correlation. The correlation works for a range of measures of social capital, from trust in others to trust in corporations and political institutions, as well as for a range of measures of regulation, from product markets, to labor markets, to judicial procedures…” Link

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The Euro and Structural Reforms

The Euro and Structural Reforms. Alberto Alesina, November 2008, Paper. “This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of the Euro and structural reforms, we investigate the empirical evidence. We find that the adoption of the Euro has been associated with an acceleration of the pace of structural reforms in the product market…” Link

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This Bailout Doesn’t Pay Dividends

This Bailout Doesn’t Pay Dividends. Jeremy Stein, David Scharfstein, October 21, 2008, Article. “On Oct. 13, the chief executives of nine large American banks were called to a meeting at the Treasury Department. At the meeting, Secretary Henry Paulson offered them $125 billion from the federal government in exchange for shares of preferred stock. The chief executives accepted his terms. In some accounts of the meeting, Secretary Paulson is described as playing the role of the Godfather, making the banks an offer they could not refuse. But in one important respect, he was more Santa Claus than…” (May require user account or purchase) Link

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Can Policy Interact with Culture? Minimum Wage and the Quality of Labor Relations

Can Policy Interact with Culture? Minimum Wage and the Quality of Labor Relations. Philippe Aghion, September 2008, Paper. “Can public policy interfere with culture, such as beliefs and norms of cooperation? We investigate his question by evaluating the interactions between the State and the Civil Society, focusing on the labor market. International data shows a negative correlation between union density and the quality of labor relations on one hand, and state regulation of the minimum wage on the other hand…” Link

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