• 01Apr

    If you get unemployed you will be paid less on your next job

    business, Economy, Finance, general, Global No Comments

    “Of the countries studied, Spain, Italy and Portugal are the countries of the European Union where the long-term unemployment affects more negatively to salary, once the individual returns to work,” explains to SINC Carlos García Serrano, a researcher University of Alcalá (UAH) and one of the authors.

    The paper analyzes the labor mobility and “losses relative” of wages when the individual passes the idle-state workers not actively seeking work or have use for it-or unemployment in Spain, Italy, Portugal, United Kingdom, France and Germany for seven consecutive years (1995-2001), from data collected in the Panel Survey Household Panel (ECHP).

    “We wanted to know the effect on wages in unemployment and inactivity, and see if the selected countries were grouped according to level of impact on remuneration. To this end, we took into account the different labor market institutions and social protection systems that exist in each country, “said Garcia Serrano.

    The results, published in Manchester School, show that the countries studied are divided into three groups. The first one is formed by Germany and France, countries representative “of protective institutions, ie, following a more proactive model of social security or to the job.

    For its part, Spain, Italy and Portugal, have a similar preventive policy but “weaker” and differences in the system of collective bargaining and active labor market policies work. And finally, the United Kingdom has the most flexible and lowest unemployment protection.

    “We expected that the impact of inactivity and unemployment was higher in countries like France and Germany, but it was not. Only in the case of inaction, France, Germany and Portugal are at the forefront of negative impact on wages in the later work, “says the researcher.

    A temporary phenomenon

    But not all negative data: periods of relative wage losses after unemployment are not permanent. “In workers who have moved from job due to a recent period of unemployment, wage figures are 4.5% lower in Spain, Italy 5.6% and 7% in Portugal compared to those have remained in occupation, but his recovery is quick as they disappear after one year, “he stresses.

    Younger workers have the highest wage increases in every country (especially if they move voluntarily). However, individuals between 31 and 45 years are most affected by periods of unemployment on wages later and they are more permanent effects.

  • 26Mar

    Elinor Ostrom becomes the first woman to receive the Nobel Prize for Economics

    business, Economy, Finance, general, Global, Nobel Prize No Comments

    Elinor Ostrom, professor at the University of Indiana (USA), is the first woman to win the Nobel Prize in Economics is awarded since 1969, for his analysis of economic governance, especially the commons. “Ostrom said stay stunned Upon learning of the award. “It’s a great and exciting surprise,” he said.

    The U.S. also Oliver Williamson, a professor at the University of California at Berkeley, was honored for his theories “that indicate that large corporations are, first, because they are efficient,” and for “his analysis of political governance, especially in regarding the limits of the company, “ie, how some of the economic measures are decided in other markets and within firms.

    Ostrom was born in Los Angeles in 1933 and is a lecturer in political science from the University of California. He also founded and directed the Center for the Study of Institutional Diversity at the University of Arizona. This research bases its work on the analysis of public property management, whose work has challenged the conventional wisdom that common property is managed poorly and should be regulated by central authorities or be privatized.

    For his part, Oliver Williamson received his doctorate in economics in 1963 at Carnegie Mellon University in Pittsburgh, and professor at the University of Berkeley (California). The Economist has discovered in his work that markets and hierarchical organizations represent corporate governance structures that differ in their approaches towards the resolution of conflicts of interest.

    The two winners will share equally the officially known as Sveriges Riksbank Prize in Economic Sciences and endowed with 10 million kronor (1.4 million U.S. dollars).

    The Nobel Prize in Economics was instituted by the Bank of Sweden in 1969 and is the only award not established left Alfred Nobel in his will. Last year the award went to U.S. researcher and broadcaster Paul Krugman. This is the last of six Nobel announced this year.

  • 22Mar

    The price of land has grown nine times more than the CPI during the housing boom

    business, Economy, Finance, general, Global No Comments

    The value of housing in Spain has increased by 3.6 from 1997 to 2007, which corresponds to the real estate boom. According to the study in 1998 was necessary to use the 5-year average salary to buy a house of 90 m2, while in 2007 it was necessary 12 years.

    Responsible for 84% of the increase in housing prices during the boom was the price of land, compared to rising prices of the building that represented only 16%. The Basque Country is the region where the expensive price of land has more impact on the price of housing with 91% of the total, said Ezequiel Uriel, director of the report.

    The autonomous communities that offer the greatest capital stock of housing with 53% in Spain in 2007 were Catalonia (993,395,000), Comunidad de Madrid (928,782,000) and Andalusia (771,522,000). On the other hand, Andalucía, Ceuta and Melilla are the regions where it has increased the value of housing between 1998 and 2007.

    During the period that has lasted the housing bubble, housing prices have grown at an average annual rate of 12% as did the CPI to 2.9% annually. The most populated municipalities (more than 100 000 inhabitants) and the coastal present higher prices.

    The Community of Madrid is the region with the 2007 housing price per square meter high (3,221 per m2) and the lowest price we found in Extremadura to 887 per m2).

    Francisco Perez, director of the Ivie, wanted to point out that “have to analyze the consequences of a housing bubble of this magnitude has had on the growth pattern and learn from it, since the rate of housing production has led to a surplus and now must adjust. “Both experts agree that the housing boom could happen again but do not venture to predict when.

    All data in this study appear in the monograph “The capital stock of housing in Spain and its geographical distribution (1900-2007), directed by Ezequiel Uriel, a professor at the University of Valencia and Ivie researcher and conducted in collaboration with Carlos Albert, Eva and Vincent Benages Cucarella, Ivie technicians.

  • 15Mar

    Unemployment remains a major concern in Spain

    business, Economy, Finance, general, Global No Comments

    The CIS survey, released today, shows that the main problem for two-thirds of the pooblación living in Spain is unemployment. 48.4% of respondents priority is economic issues, which continue, terrorism (18.3%), immigration (14.3%) and insecurity (12.8%).

    Compared with the figures in July, the problem of unemployment experienced a rise of two points and so does the number of people (70.8% in September) they believe the economic situation is “bad” or very bad. “Only 24% of the public appreciates that the situation will improve in the next twelve months.

    The evolution of the economic situation within a year experienced a more optimistic. 24.2% of the population thinks it will improve, compared to 22.8% that they promised before the summer.

    The protection of network data

    In the surveys received, it is assessed that the privacy of online data has a low security level. 40% of respondents said that does not give any assurance to bank online, and give the card to make a purchase on the network (51.4%).

    More than two thirds of the population ensures that any institution or similar to what is not aware of giving their personal data, has called on the phone or sent an SMS for advertising.

    47% sure you never consent to fill out forms when you ask where your personal information so you can dispose of and 52% of those who said they had requested to cancel their data they found it “difficult” or ” very difficult “to do so.

    On the other hand, 35.6% never read the privacy policies of the pages you visit and 46.3% do not know of the existence of the Data Protection Agency.

    To obtain the results of the survey have been conducted 2475 interviews in 239 municipalities and 49 provinces other than between 4 and 14 September.

  • 08Mar

    Online, Fast Payday Loans

    business, Economy, Finance, general, Global No Comments

    Payday Loans

    Loans until payday cash advances are short term in order to help solve their financial problems. Loans to payday are also perfect for those times when you need some money to pay unexpected bills or special occasions. It’s those times when you need a loan to pay day and not know where to turn for it. These loans until payday loans are low, to be paid in the short term.

    With a computer and network access the Internet everyone can find many companies that offer loans until payday, one of those is Payday.org .

    In the comfort of your home and with complete confidentiality, Payday.org offers these loans until payday. Nobody has to know their problems, so pore is that these loans until payday are so convenient.

    We have few requirements for a loan until payday, your bank information , a recent paystub  and proof that you are of legal age to enter into a contract .

    How much loan you can borrow and when  ?

    Depending on your monthly income and your bank account. You may qualify for amounts. From $ 100 to $ 1,500.

    Easy loan request: Your loan application approved, you will have the money in 24 hours.

    Payday loans are an effective solution for those who need money urgently to meet economic contingencies. For those in need of funding have to know that the ranking of the best online payday loans Payday.org .

  • 09Mar

    3 Months Payday Loans – Convenient To pay instant loans

    business, Economy, Finance, general, Global No Comments

    Everyone faces the urgent cash at some point of time. For the salaried class of people, the urgency is often because they are short of money and other sources of revenue are few or none. In such situations, such as sudden medical treatment and repair of a car, you can borrow instantly through 3 months payday loans. The loan amount can be put to any use.

    However, only the town employees are qualified to apply for the loan, as they are based payday loans. This means that you would be showing his monthly salary and a roster may be required to be sent by fax to the lenders, if requested to do so. You may also be required to provide a post dated check to the lender to borrow the loan against.

    The amount of the loan in best payday loans between ?1500 ?100 to the approval of 14 days. However, payment can make on your next payday. If you can not make timely payment, then you have the option to extend the loan for three months, although not recommended because interest payments.

    Even if there are any bad credit marks on your credit report, suppliers of 3 months payday loans immediately approve the loan without credit check once you prove your salary.

    However, as you can compare lenders on the internet. Generally, loans, these are costly for employees. Are the holder an interest payment on a given lot smaller. But you can settle for an offer of 3 months payday loans that occurs in competitive interest rates and expenses. This will allow less expensive to pay the loan and gets out of the back payments as well. Therefore, compare the deals online and see which one suits you best. Do not stretch the repayment of more weeks, as it involves costly penalties and interest payments.

« Previous Entries