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Wage stickiness and unemployment fluctuations: an alternative approach
(2009)
Documento de trabajo / Lan gaiak,
Erceg, Henderson and Levin (2000, Journal of Monetary Economics) introduce sticky wages in a New-Keynesian general-equilibrium model. Alternatively, it is shown here how wage stickiness may bring unemployment fluctuations ...
A new Keynesian analysis of industrial employment fluctuations
(2009)
Documento de trabajo / Lan gaiak,
This paper describes a model with sticky prices, search frictions and hours-clearing wages that provides firm differentiation across several dimensions: price, output, wage, employment and hours per worker. The connection ...
Wage setting actors, sticky wages, and optimal monetary policy
(2007)
Documento de trabajo / Lan gaiak,
Following Erceg et al. (2000), sticky wages are generally modelled assuming that households set wage contracts à la Calvo (1983). This paper compares that sticky-wage model with one where wage contracts are set by firms, ...
Sticky prices, sticky wages, and also unemployment
(2008)
Documento de trabajo / Lan gaiak,
This paper shows a New Keynesian model where wages are set at the value that matches household's labor supply with firm's labor demand. Subsequently, wage stickiness brings industry-level unemployment fluctuations. After ...
An economic model of behaviour: attitudes towards altruistic blood and organ donations
(2009)
Documento de trabajo / Lan gaiak,
The aim of this research is to model altruistic blood and organ donors behaviour. First, we make an analysis of the decision of to be or not to be a donor for any individual. We propose a model where individuals compare ...
The location decisions of multinationals and the cultural link: evidence from Spanish direct investment abroad
(2008)
Documento de trabajo / Lan gaiak,
We examine the way in which differences in language and culture may affect direct investment decisions. We use a discrete choice approach to model the location decisions of multinationals in which cultural links, language ...
The drawbacks of welfare effort in measuring social spending trends
(2008)
Documento de trabajo / Lan gaiak,
The welfare effort (social spending as a percentage of GDP) has conventionally been the preferred measure for comparisons in space and time of the level of development of welfare states. However, frequent mentions are made ...
Health related quality of life of patients with generalized anxiety disorder
(2008)
Documento de trabajo / Lan gaiak,
Aims: To analyze the health-related quality of life of patients with Generalized Anxiety Disorder (GAD), with respect to the population at large and to a control group. The following goals are addressed: 1.- To determine ...
Monopolistic competition, sticky prices, and the minimal mark-up in steady state
(2007)
Documento de trabajo / Lan gaiak,
This note reports the rate of inflation that minimizes the mark-up of prices over marginal costs in the steady-state solution of a monopolistic competition model with either Taylor (1980) or Calvo (1983) pricing. The minimal ...
Wage inequality and the labour market in Argentina: labour institutions, supply and demand in the period 1980–99
(2001)
Documento de trabajo / Lan gaiak,
En el presente trabajo estudiamos los determinantes económicos e institucionales en la relación mercado de trabajo y desigualdad salarial en el Gran Buenos Aires durante el período 1980-1999. La hipótesis principal de este ...