The rise and future of progressive redistribution

Peter H. Linder. Starting from today’s collection of estimates of fiscal distribution within each of 53 countries, we can begin mapping a history of how redistribution has evolved historically, and to project some influences on its trends in the next   […]

The Hartz myth A closer look at Germany’s labour market reforms

Christian Odendahl Germany’s labour market and welfare reforms of the early 2000s have gained an outsized importance over time. For some, these reforms put an end to Germany’s social market economy and pushed millions into unsecure, low wage jobs. For   […]

Welfare: Savings not Taxation

Roger Douglas, Robert MacCulloch. Public healthcare and retirement programmes are putting pressure on government budgets around the world. The search for treating illness at a lower cost without compromising quality is becoming urgent. In this paper, the authors propose an original response   […]

Tony Atkinson 1944–2017: A lifetime commitment to the study of inequality

Anthony B. (Tony) Atkinson, who died on 1 January 2017, was not a historian of economic thought in the more specific sense. However, he was an economist who was extraordinarily well read and broadminded, being always open to alternative approaches   […]

Labor Market Institutions and the Cost of Recessions

Martin Scheffel, Tom Krebs. This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance (JSA), on the output cost and welfare cost of recessions. The paper develops a tractable incomplete-market model with search unemployment,   […]

European Unemployment Revisited: Shocks, Institutions, Integration

Giuseppe Bertola. This paper painstakingly restores a vintage empirical model of unemployment determination by interacting shocks and institutions, and runs it on recent data featuring dramatic shocks and controversial institutional change. Theoretical insights and empirical results suggest that reforms and   […]

Some are more equal than others: new estimates of global and regional inequality

Zsolt Darvas. Zsolt Darvas compares four methodologies to estimate the global distribution of income and find that many methods work well, but the method based on two-parameter distributions is more accurate than other methods. This method is simpler, easier to   […]

An Italian job: the need for collective wage bargaining reform

Alessio Terzi. Competitiveness is often presented as a nebulous concept, lacking a clear workable definition, and too vague to guide policymaking (Odendahl, 2016). Krugman (1994) goes as far as accusing it of being a “dangerous obsession”, insofar as it makes   […]

Inventory of Labour Market Policy Measures in the EU 2008-13

The second inventory analyses how member states of the European Union have responded to the dramatic impact of the financial crisis of 2007/08 on their labour markets, and investigates to what extent those policies were successful in mitigating that negative   […]

The Dynamics of the Regulation of Labor in Developing and Developed Countries since 1960

Nauro F Campos, Jeffrey B. Nugent. This paper examines both the determinants and the effects of changes in the rigidity of labor market legislation across countries over time. Recent research identifies the origin of the legal system as being a   […]