Is Self-employment a Way to Escape from Skill Mismatches?

During the last two decades, skill mismatches have become one of the most important issues of policy concern in the EU (European Commission, 2008). Hence, the literature has stressed the necessity to reduce skill mismatches. We contribute to this literature by analyzing the impact of the transition from salaried employment to self-employment on self-reported skill mismatches. To do so, we resort to the European Community Household Panel (ECHP) covering the period 1994–2001. Using panel data, we track individuals over time and measure their self-reported skill mismatch before and after the transition. Our empirical findings indicate not only that the average self-employee is less likely to declare being skill-mismatched but also that those individuals who transit from salaried employment to self-employment reduce their probability of skill mismatches after the transition. Keywords: Self-employment, skill mismatches, salaried employment. JEL Classification: L26, J24, B23 __________________________

Sustainability of EU fiscal policies. A panel test

The fiscal policy rule implicit in the Stability and Growth Pact, has been rationalised as a way to ensure that national fiscal policies remain sustainable within the EU, thereby endorsing the independence of the ECB. We empirically examine the sustainability of European fiscal policies over the period 1970-2001. The intertemporal government budget constraint provides a test based on the cointegration relation between government revenues, expenditures and interest payments. Sustainability is analysed at both the national level and for a European panel. Results show that European fiscal policy has been sustainable overall, yet national experiences differ considerably.

La Gestió per competències als llocs de treball de comandament de les policies locals

Les policies són potser un dels sectors de l’administració que més incidència directa té sobre la ciutadania en les seves decisions quotidianes i que, per tant, més han d’evolucionar cap aquests models descentralitzats i horitzontals de decisió i de funcionament en xarxa. Aquesta responsabilitat de millora i adaptació és competència immediata dels comandaments intermedis i als Caps d’aquests Cossos, que hauran de disposar de les capacitats, habilitats i coneixements necessaris (competències) per dur-los a terme. Caldria, doncs, plantejar-nos si un sistema basat en la gestió per competències podria ser idoni per ser aplicat de forma integral: des del reclutament o selecció passant per la definició de perfils competencials per als llocs de treball, per posteriorment poder fer l’avaluació d’acompliment del lloc i atribuir en aquest resultat alguna mena de recompensa o reconeixement en forma de carrera professional vertical o horitzontal. En aquest treball ens centrarem en les dues primeres etapes, és a dir, estudiarem si la gestió per competències podria millorar els mètodes de reclutament i, de forma especial, en la definició del perfil professional idoni, per als Caps i els comandaments intermedis de la Policia Local, per a la qual cosa es durà a terme un treball de camp amb els responsables polítics i comandaments de diferents policies locals de Catalunya.

The determinants of capital intensity in Japan and the U.S

We estimate the determinants of capital intensity in Japan and the US, characterized by striking different paths. We augment an otherwise standard Constant Elasticity of Substitution (CES) model with demand-side considerations, which we find especially relevant in the US. In this augmented setting, the elasticity of substitution between capital and labor is placed around 0.85 in Japan, and 0.30 in the US. We also find evidence of biased technical change, which is capital-saving in Japan but labor-saving in the US. These differences help us explain the diverse experience in the capital deepening process of these economies, and lead us to conclude that demand-side drivers may also be relevant to account for different growth experiences. A close look at the nature of technological change is also needed before designing one-size-fits-all industrial, economic growth, and/or labor market policies.