by Daniel Gros, Roberto Musmeci, Marta Pilati (April, 2018)
This contribution analyses the state of regional convergence in the European context. It finds that different country groups have had quite different experiences following the financial crisis and that in most cases there has been little convergence across regions within countries. More importantly, the seemingly permanent differences in regional per capita income are for some countries mainly the result of differences in occupation ratios. Regional differences in productivity (or income per worker) are relatively uniform across the larger member states and in all cases smaller than regional differences in per capita income. Convergence might thus be easier to achieve if cohesion and regional policies were to focus not only on productivity, but also on employment creation.
by Seamus McGuinness, Paul Redmond (April, 2018)
On 1 January 2016, the Irish minimum wage (MW) increased from €8.65 to €9.15 per hour, an increase of approximately 6 per cent. Using data from the Quarterly National Household Survey (QNHS) for the years 2015 and 2016, we estimate the effect of the increase in the minimum wage on the hours worked and likelihood of job loss among low paid workers using a difference-in-differences estimator.
by Mika Maliranta, Satu Nurmi (April, 2018)
The novel Finnish Longitudinal OWNer-Employer-Employee (FLOWN) database was used to analyze how the characteristics of owners and employees relate to firm performance as determined by labor productivity, survival, and employment growth. Focusing on the role of the employment history, the results show that previous experience in a high-productivity firm strongly predicts high productivity and probability of survival for the entrepreneur’s new firm. This can be interpreted as evidence of knowledge spillovers through labor mobility of both the owners and the employees. The results also show that the owner’s high education in a technical field is positively related to firm performance. Different findings for owner-entrepreneurs and pure owners suggest that the definition of entrepreneurship matters.
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Time and place: 01/06/2018 in London, United Kingdom
A joint NIESR/RICS/CaCHE/CFM conference This free one-day conference will bring together leading academics, policymakers and practitioners to discuss what is “broken” about the UK housing market and how we might go about fixing it. The event will take place at the Institution of Civil Engineers, Westminster, SW1P 3AA.
Time and place: 31/05/2018 in Dublin, Ireland
Seminar Topic: The speaker will present a paper which proposes a new channel to explain the medium- to long-term effects of banking crises on the real economy. It embeds a banking sector prone to runs in a stylized growth model to show that episodes of bank distress affect not only the volume, but also the … Continued
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