Taking the Skill Bias out of Global Migration

by Costanza Biavaschi, Michal Burzynski, Benjamin Elsner, Joël Machado
July, 2018

Global migration is heavily skill-biased, with tertiary-educated workers being four times more likely to migrate than workers with a lower education. In this paper, we quantify the global impact of this skill bias in migration. Based on a quantitative multi-country model with trade, we compare the current world to a counterfactual with the same number … Continued

Employers’ Pension Provision Survey 2017

by L. Stokes, L. Samek
June, 2018

The workplace pension reforms, introduced following the 2008 Pensions Act (and updated as part of the 2011 and 2014 Pensions Acts), require all employers to automatically enrol all eligible employees into a qualifying workplace pension scheme, although employees can choose to opt out. The Employers’ Pension Provision Survey (EPP) has been measuring the extent of … Continued

The buffering role of the family in the relationship between job loss and self-perceived health: Longitudinal results from Europe, 2004–2011

by Giulia Tattarini, Raffaele Grotti, Stefani Scherer
June, 2018

Unemployment has numerous negative consequences for health, but the family and the welfare state can mitigate these consequences. How the family supports its members and whether and to what extent this interacts with the broader context is still an open question. Our evidence show that job loss is causally linked to significant declines in health … Continued

Regional economic disparities in Finland

by Fornaro Paolo
June, 2018

In this note, I study the Finnish regional dispersion of economic indicators such as the GDP per capita, labour productivity, the employment rate and the compensation of employees. Moreover, I examine the regional-level correlation between these variables. The results are then compared with what has been found for the German and Italian economies. Finnish regional … Continued

Economic impact of professional services reform in Belgium – A DSGE simulation

by Chantal Kegels, Dirk Verwerft
June, 2018

This working paper reports the results of a macroeconomic impact assessment of the reforms in three regulated professional services in Belgium, namely legal, accounting and architectural services. Beyond their direct contribution to the economy, these services are economically relevant because they are closely linked to the other industries not only as user of inputs but … Continued

Explaining the post-crisis Philips curve: Cumulated wage gap matters for inflation

by Liviu Voinea
June, 2018

This paper constructs a new model for understanding the relationship between wage and inflation. It introduces the concept of a cumulated wage gap – meaning the cumulated gap between the current wage and a maximum reference wage value in the past. The permanent income hypothesis is fundamentally flawed in times of crisis, because of the … Continued