This paper surveys the literature on public–private sector pay differentials based on 20 years
of research in transitioning countries of Eastern Europe (EE) and compares the results with …

We develop a model of political cycles driven by time-varying risk aversion. Agents choose
to work in the public or private sector and to vote Democratic or Republican. In equilibrium …

We estimate the effects of fiscal policy on the labor market in US data. An increase in
government spending of 1 percent of GDP generates output and unemployment multipliers …

Can resilience be a relevant concept for industrial policy? Resilience is usually described as
the ability of a socioeconomic system to recover from unexpected shocks. While this concept …

I develop a New Keynesian model in which a type of government multiplier doubles when
unemployment rises from 5 percent to 8 percent. This multiplier indicates the additional …

This paper develops a medium-scale dynamic, stochastic, general equilibrium (DSGE)
model for fiscal policy simulations. Relative to existing models of this type, our model …

We examine the interactions between public and private sector wages per employee in
OECD countries. The growth of public sector wages and of public sector employment …

I build a dynamic stochastic general equilibrium model with search and matching frictions to
determine the optimal public sector wage policy. Public sector wages are crucial in …

For the period between 2003 and 2018, we document a number of facts about worker gross
flows in France, the United Kingdom, Spain and the United States, focussing on the role of …

We develop and estimate a structural model that incorporates a sizeable public sector in a
labor market with search frictions. The wage distribution and the employment rate in the …