#finaces

[occknow]

An essay on labor market frictions, international trade, and uncertainty Economics and Finance.

The labor market is a central institution in any modern economy. If the market does not function satisfactorily, willing workers will remain unemployed for too long, and many workers will occupy positions that are unsuited for them. Moreover, firms will not appear, grow, or close at the optimal rate. At the same time, the labor market is characterized by pervasive regulation. Across nations, the labor market is subject to minimum wages, hiring and bring restrictions, compulsory collective bargaining and arbitrage, limitations on the number of hours, anti discrimination clauses, curtailments on work by age and by gender, etc. Moreover, substantial differences in labor market flexibility persist even within groups of countries with similar income levels.

The purpose of this paper is to studying the role of labor market frictions and its interaction with international trade and uncertainty, the relationship between uncertainty and the business cycle.

When uncertainty increases, the value of a job match declines as the option value of waiting increases. Unemployment goes up, making it harder for unemployed workers to find jobs. The decline in employment drives the marginal product of capital downward, which triggers fall in capital investment. Uncertainty also makes economic agents cautious about decisions like employment, which adjustment costs can make expensive to reverse. Thus, it gives rise to a contractionary real option-value effect. In this, real options apply to key decisions: hirings, firing and firrm entry.

How Can Taxes Help Ensure a Fair Globalization?

As productivity can quickly revert, firms become more reluctant to separate from their workforce, all the more so as they pay firing costs. The decline in total employment drives the marginal product of capital downwards, which triggers a fall in capital investment. Firm dynamics have an impact on job creation and separation decisions, and vice versa. We find that increased uncertainty generates real exchange rate depreciation, current account surplus and reduces the stock offirms in the economy.

Over the past decades, trade liberalization has led to a significant trade expansion. In developing countries, job creation resulting from trade liberalization has mainly taken place in the informal economy. The novelty of this paper is to focus on the interactions between the choices to participate at the international trade and the induced labor reallocations between formal and informal activities.

However, trade expansion and higher levels of economic activity do not necessarily imply higher employment quality and better working conditions. The essay show that trade liberalization boosts economic activity and employment in both the formal and informal sector. In the emerging economy, in the medium run, trade liberalization ultimately induces more firms to export, thereby increasing labor demand and real wages. As in the developed economy, this leads to high share of exporters and informality in emerging economy.

In the long run, when the developed country has reached its long-run level of iceberg costs, in the emerging country trade expansion is still ongoing. In the emerging country, revenue growth is now driven by iceberg cost reduction which takes place only in the emerging country and still generates growth gains.

An easy way to promote formal employment is to reduce the payroll tax paid by firms. An alternative solution might be implementing a "budget-neutral" tax reform, consisting in increasing the consumption tax to fund the cut in payroll taxes. An advantage of this strategy is that the consumption tax has a larger base, it is easier to collect and more difficult to evade. The tax reform is country-specifc. The most important point is certainly the fact that the tax reform allows the welfare of the unemployed workers to increase, despite the large initial loses induced by the jump in the consumption tax.

This essay show that trade liberalization boosts economic activity in both developed and emerging countries. However, the paper find that trade liberalization is associated to higher informality, which ultimately implies less job security and lower employment quality. Policy makers should consider placing a high priority on promoting job quality and income equality. Policy interventions should follow a comprehensive approach that rests on three pillars: increasing the benefitts of formality, decreasing the costs of formalization and improving enforcement methods.

Tax policy interventions should go hand in hand with more effective social protection systems and labor laws. Extending unemployment benefits to all workers in the formal sector including those working part-time and/or on temporary contracts, could prevent unemployed from looking for an informal job. Another step to enhance the quality of existing jobs is intensifying labor inspections in those sector where the incidence of informal work is higher.

The effects of uncertainty shocks can vary across countries, depending on their structuralcharacteristics, policy reactions, etc. This paper tries to focus on the role of LMIs in the transmission of uncertainty shocks. Under irreversibility and uncertainty, rms become more reluctant to lay workers off. The role of other country characteristics is ambiguous.

@occknow

[skeletonsescapedthelab]

People who complain that feminists have criticisms of modern house wives are not taking away woman's autonomy. Financially relying on someone is not freedom. I hate capitalism and work dose not give you meaning, however s

a stay at home girlfriend is a dangerous position to put yourself in. People have a point when they bring up concerns. It's not feminists judging other women for not being capitalist girl bosses. It's worry, because not making your own money is not freedom. Because it takes forever to find a job, especially if you have a work gap or no experience. Needed to rely on someone else until you can find a job bc you broke up is not freedom. People break up. People divorce. It happens to anyone. Also having your own money does not work in this situation because A. You got it from someone else, or B. It's savings that will run out or you could be manipulated out of.

No one sees a break up, divorce, or abuse happening. If they did they would never get in the relationship in the first place. This is not me thinking women are too dumb to make their own choices, this is me being concerned that stay at home girl freinds on tik tok and trad wives on Tumblr can be hurt by relationship problems, as most people are at some point in their lives. But this mistake also includes money, jobs, and dependcey.

I just saw a yter say that a tik tok comment bringing up what the work gap would look like on a resume if they broke up was belittling. No it's not. It's logic. We live in a capitalists country( in the US at least) and that's true weather you like it or not.

Working to have your own finances =/= becoming a toxic boss babe workaholic capitalist.

TLDR : stop saying feminists are hypocritical bc they are concerned about the choices stay at home women are making. We all hate work but we all need our own money.

[mansorus]

The lifestyle I’m looking forward to plus more

[adelitawilliam]

What To Look For In A Payroll Service For A Small Business?

Setting up payroll can be a challenging part of starting a new small business. The payroll process can be time-consuming and challenging, but using payroll services for small businesses can help you save time and energy. It is important to choose a payroll service that is both user-friendly and technically sound for your small business.

[saturnisareallycoolplanet]

Hey y'all. My family really needs some help. If you could spare some money I'd be eternally grateful.

[kredxconsultant]

[madebywater]

Ares - platform

Credits: Visual design — Jordan Vitanov

All product photos are used only for presentation for non-commercial purposes only. All rights reserved.

Thank you!

[quickjournals]

What is Financial Literacy? Everything you need to know …

Today, a lot of people know about finances. Saving and investing are difficult for many people due to a lack of financial knowledge.No matter whether he is a beggar or a business tycoon, financial freedom is important. Beggars can become rich through good financial knowledge, and business tycoons can become beggars through false financial knowledge. This is the game of knowledge and confidence. Every few years, the Financial Industry Regulatory Authority (FINRA) issues a short financial literacy test as part of its National Financial Capability Study. The test measures people’s knowledge of interest, compounding, inflation, diversification, and bond prices. And the result was almost 0%. However, I was able to achieve Financial Freedom in just six months. You can also achieve financial freedom in six months.

To be financially literate is to know how to manage your money. Find out how to pay your bills, how to borrow and save money responsibly, and how to invest and plan for retirement. By learning the basics of money management, you can become a smart spender through self-education and growing your financial knowledge. Putting time into your financial development improves saving and investing decisions. By leveraging resources—like age, talent, money, and the ability to establish good habits—you can build a long-lasting nest egg. Now let’s continue …

What Is Financial Literacy?

Financial literacy is the knowledge and application of various financial skills. These may include creating a budget, understanding how credit works, and saving for retirement. It is a life skill that one must grasp for good financial well-being. Financial literacy includes budgeting, investing, insurance, and loans and interest.

Why is financial literacy important for you?

Our responsibilities are increasing, so financial literacy is essential. A financially literate person has the knowledge and skills necessary to manage their money effectively. Savings and investments would be weak unless one has a solid foundation of financial knowledge. It helps them understand economic concepts better and enables them to manage their finances efficiently. It helps in effective money management, making wise decisions, and achieving financial stability.

Conclusion

Financial literacy is a major life skill as it increases financial capability. Improving financial literacy will have a profound impact on people and their ability to provide for their future. It consists of planning finances, managing budgets, savings, etc… To improve financial literacy, one must first understand its components. One can always begin their investment journey even after they turn old. However, starting early has its benefits

So let Quick Journals help you to build financial knowledge by visiting more blogs on our site and we will help to convert savings into investments and guide you in achieving life goals.

Our blog should be able to help you to better understand financial education, so please leave us a comment below about your experience with our site. Thank you! 

For more blogs, please visit Quick Journals

[yourlifetimerealtor]

The downpayment is an important part of the homebuying process, so here are some tips to help you prepare. If you're looking for more tips to help you become a homeowner leave me a comment, I'm a wealth of knowledge and I'm here to assist. 😉 #thehelpfulagent #home #houseexpert #house #listreports #icanhelp #finaces #realestateagent #realestate #themoreyouknow #investment #smartmoney #homeowners #yourlifetimerealtor #northroprealty #happy #home #luxury #maryland #homeowner #explorepage #realestateagents #realtorsofinstagram #realestatelife #realtorstyle #realestatemarketing #iloverealestate #realtorlife #mdrealtor #dcrealtor #education (at Washington D.C.) https://www.instagram.com/p/CdXcC7ML04n/?igshid=NGJjMDIxMWI=

[catominor]

if you think about it a joint consulship is like 1-year-fiance

[prettiestboytoy2]

Every time i am sad that i've made bad investment i remmeber that Alameda Research had literal cheats build-in the trading platform they've used, and not only could gamble customer's money but thanks to full access to analytics of the FTX they could also bet against them.

And they still menaged to go fucking bankrupt. Amazing.

If world of finance ever gets its own equivalent of Darwin Award, they should be first one to recive it.

[generalgri3vous]

one of my biggest fears is accidentally committing fraud because i dont understand taxes or money. :[ how do i explain to the IRS that im not trying to commit fraud, im just a dumbass with no clue what im doing?

[pitch-and-moan]

Financially Good Omens: The Nice and Accurate Prophecies of Agnes Nutter, Voodoo Economist

A new adaptation of Good Omens, except all the predictions are about Reaganomics. Also, the devil wins in the end.

[wolftattoo]

hey. if i get an autis. diagnosis i can get on disability and its more than im currently making at work. would anyone be interested in helping out with the assessment fee.

[house-of-quark]

[dangerliesbeforeyou]

god... family are so frustrating sometimes lol...