The Impact of Collective Labor Bargaining Extensions

The recent crises raised a number of questions about the role of structural reforms in promoting economic growth. One area that has received greater attention is collective bargaining: the interactions between firms and employees in setting of pay and many other working conditions can be highly relevant promoting micro and macro flexibility, increasing resilience during… Continue reading The Impact of Collective Labor Bargaining Extensions

Maximum Duration of Fixed-Term Labor Contracts in Recessions

Policy makers and academics put great effort in understanding and minimising the negative employment effects of business cycles. This paper evaluates one policy option in this regard: greater flexibility in the maximum duration of fixed term contracts during recessions. Its simple rationale is that, when faced with an uncertain outlook (and restrictive permanent contracts), firms… Continue reading Maximum Duration of Fixed-Term Labor Contracts in Recessions

From Convergece to Divergence: Portuguese Demography and Economic Growth, 1500-1850

When did Portugal’s economy diverge from the European core? This paper constructs the first time-series for Portugal’s per capita GDP for 1500-1850, drawing on a new and extensive database. Starting around 1550 there was a highly persistent upward trend on per capita income, which accelerated after 1700 and peaked 50 years later. At that point,… Continue reading From Convergece to Divergence: Portuguese Demography and Economic Growth, 1500-1850