Temporary employment: The trade-off between efficiency and equity

Elke Jahn, Regina T. Riphahn, Claus Schnabel 10 October 2012

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Over the last three decades, the use of flexible forms of employment such as fixed-term and temporary agency work contracts has increased substantially throughout much of Europe. This development has been driven by government efforts to ease restrictions on temporary employment, whereas the regulation of permanent contracts has been left essentially unaltered. The reforms of temporary employment have intended to increase overall employment by lowering dismissal and adjustment costs for flexible jobs and thereby providing firms with new opportunities.

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Topics:  Labour markets

Tags:  unemployment, temporary contracts, equity, efficiency

The virtuous equity-efficiency trade-off in educational outcomes

Richard B. Freeman, Stephen Machin, Martina Viarengo 04 January 2011

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How countries fare in international tests of student achievement is a magnet for media attention the world over. In December 2010, for instance, two of the world's leading newspapers, the New York Times, and The Financial Times reported on the remarkable scores of students from Shanghai in the latest Programme for International Student Assessment (Pisa) tests, which assess the reading, maths and scientific skills of the world’s 15-year-olds (Cook 2010, Dillon 2010).

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Topics:  Education

Tags:  education, equity, educational policy

The distributional burden of cap and trade

Sebastian Rausch, Gilbert E. Metcalf , John Reilly , Sergey Paltsev 31 July 2010

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The distributional impacts of energy and climate policies can be assessed across a number of dimensions. Goulder and Parry (2008) note that two dimensions in particular have attracted attention: the impact on energy-intensive industry and the impact across households of differing incomes.

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Topics:  Energy Environment

Tags:  equity, cap and trade, carbon pricing

Has equity always earned a premium? Evidence from nineteenth-century Britain

John Turner , Graeme Acheson , Charles Hickson, Qing Ye 10 May 2008

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Financial economists have become increasingly interested in the historical returns of financial assets.1 This interest largely stems from a desire to calculate the expected equity risk premium. In particular, academics and practitioners are interested in discovering whether or not the high returns on stock markets over the past half-century are an aberration or are somehow intrinsic to equity as an asset.

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Topics:  Financial markets

Tags:  equity, risk premium, UK, stock markets