Dennis Snower

Dennis J. Snower
Born (1950-10-14) 14 October 1950 (age 74)
Vienna, Austria
NationalityAmerican, German
Education
Academic career
InstitutionGlobal Solutions Initiative
Information at IDEAS / RePEc

Dennis J. Snower (born 14 October 1950) is an American-German economist, specialising in macroeconomic theory and policy, labor economics, digital governance, social economics, and the psychology of economic decisions in "caring economics".

Life and career

Snower was born in Vienna, Austria, where he went to the American International School. He received a BA and MA from New College, Oxford University, an MA and a PhD from Princeton University. He is a US citizen, married and has two children. He received German citizenship in 2018.[1]

Research in labor economics

The insider-outsider theory of employment and unemployment,[2][3][4][5] created by Dennis Snower in conjunction with Assar Lindbeck, explains employment and unemployment in terms of a conflict of interest between insiders and outsiders in the labor market.

Insiders are employees whose positions are protected by labor turnover costs (such as costs of hiring, training, and firing, or costs arising when insiders cooperate with each other but not with outsiders). Outsiders enjoy no such protection. The insider-outsider theory has spawned a large literature on unemployment dynamics,[6][7] dual labor markets,[8] employment policy,[9] macroeconomic policy,[10] social inequality,[11] and political economy.[12][13][14][15]

The chain reaction theory of unemployment,[16][17] conceived by Snower together with Marika Karanassou and Hector Sala, views movements in unemployment as the outcome of the interplay between labor market shocks and a network of lagged adjustment processes. This theory indicates that cyclical and structural unemployment are interdependent. This implies that the lagged adjustment processes – for example, current employment depends on past employment on account of labor market adjustment costs – are shape both for the fluctuations in unemployment and the long-run unemployment rate.

The theory on the reorganization of work towards multi-tasking,[18][19][20] created by Dennis Snower in conjunction with Assar Lindbeck, identifies driving forces underlying the shift from “Tayloristic” organizations (characterized by specialization by tasks) to “holistic” organizations (featuring job rotation, integration of tasks and learning across tasks). It was one of the first contributions analyzing the fundamental changes in the world of work arising from the digital revolution[21][22] and was a precursor of the large literature on the polarization of work.[23]

Research on the psychological and social foundations of economics

Caring economics,[24][25] created by Snower in conjunction with Tania Singer and their respective research teams, laid the analytical and empirical foundations for a new theory of microeconomic decision making, based on underlying psychological motives. The analysis rests on the insights that all economic behavior is psychologically motivated, everyone has access to an array of discrete motivation systems, which affect their objectives, as well as their beliefs and perceptions, and which motive is active at any particular point in time depends on the person's physical and social context. This research has generated wide-ranging insights, such as for psychology,[26] mental training,[27] identity economics,[28] environmental psychology,[29][30] and welfare policy.[31]

Together with George Akerlof and Steven Bosworth, Snower made seminal contributions to identity and narrative economics.[32][33] This work explores the formation of competitive versus cooperative identities and the channels whereby narratives affect economic decisions. It has influenced thinking in political economy,[34] socio-economics,[35] psychology,[36] behavioral finance[37] and environmental economics.[38]

Macroeconomic Research

Snower laid the theoretical and empirical groundwork for a reappraisal of the Phillips curve[39][40][41][42][43] – the tradeoff between inflation and unemployment – in conjunction with Liam Graham, Marika Karanassou, Hector Sala, Mewael Tessfaselassie and Andrea Vaona. This approach suggests that unemployment is not independent of inflation in the long run, but instead explores the circumstances under which there is an inverse long-run relation between inflation and unemployment. This theory calls into question the conventional claim that real economic activity is independent of monetary phenomena in the long run. The approach rests on the theory of “frictional growth,” focusing on the interplay between nominal frictions and money growth. This work breaks the conventional compartmentalization of macroeconomics into short-term macroeconomic fluctuations versus long-term growth. This research has influenced work on monetary policy,[44][45] behavioral economics,[46] and macroeconomic theory.[47]

Snower developed new theories of sluggish price adjustment.[48][49] With Assar Lindbeck, Snower showed how the sluggish adjustment of prices and wages in response to macroeconomic shocks depends on lags in the production process. The longer the production lags, the more slowly prices and wages adjust. With Steffen Ahrens and Inske Pirshel, Snower examined how asymmetric price sluggishness is generated by “loss aversion,” the phenomenon that people are more sensitive to utility losses from price increases than to utility gains from price decreases.

In conjunction with Wolfgang Lechthaler and Christian Merkel, Snower made seminal contributions to the macroeconomics under labor turnover costs.[50][51][52] These contributions show how labor turnover costs help explain the persistent effects of macroeconomic shocks on aggregate output and employment, as well as strong amplification effects of real and monetary shocks on unemployment and the job finding rate.

Dennis Snower was one of the originators of the macroeconomics of imperfect competition,[53][54] as he was among the first to provide imperfectly competitive microfoundations for macroeconomic models. Together with Assar Lindbeck, he also made seminal contributions to our understanding of how macroeconomic shocks are transmitted to the labor market.

Research on the economics of imperfect information

The theory of “high-low search”[55][56] in product markets, which Snower created together with Steve Alpern, shows how firms use their pricing and product supply decisions to gain information about product demand under conditions of radical uncertainty. The analysis was also extended to the labor market to explain unemployment as an “information gathering device” under uncertainty.

This research was among the early contributions to the analysis of economic decisions making under radical uncertainty, influencing various subsequent contributions to the analysis of information acquisition and the role of experimentation.[57][58][59]

Together with Alessio Brown and Christian Merkel, Snower created the incentive theory of matching.[60][61] In contrast to the conventional theory of matching in the labor market, unemployed workers and vacant jobs are not matched through an arbitrary matching function, but rather the labor market matching process is analyzed as the outcome of a two-sided search process among workers and firms facing heterogeneous economic conditions.

Research on economic policy

Dennis Snower is the author of the benefit transfer program and other active labor market policies,[62][63][64][65][66][67] whereby the unemployed receive jobs and training incentives in accordance with their needs. These policies redistribute economic incentives, not money, to the disadvantaged in the labor market. Thereby Snower became one of the earliest architects of active labor market policies.[68][69][70][71] In the benefit transfer program, unemployment benefits are converted into hiring and training subsidies for the long-term unemployed. This work has influenced thinking on welfare policy in other areas, such as support for the disabled.[72]

He also analyzed the implications of replacing current welfare systems by individualized welfare accounts.[73][74][75] These accounts include retirement, employment, health and human capital accounts. Instead of paying the taxes to finance the welfare state, people are to make ongoing, mandatory contributions to each of their welfare accounts, covering their major welfare needs. Redistribution is achieved by taxing the accounts of the wealthy and subsidizing the accounts of the poor.

As an overarching theme for G20 policy making, Dennis Snower initiated the concept of recoupling economic and social prosperity,[76][77] together with Colm Kelly, he explored how business prosperity can be recoupled with social prosperity.[78] Recoupling policies are designed not only to reduce income inequalities, but also promote empowerment and social solidarity of people displaced by the forces of globalization and automation. Together with Katharina Lima de Miranda, Snower created the SAGE dashboard for economic performance, where S stands for "solidarity", A for "agency, "G" for "material goods", and E for "environmental sustainability." The SAGE dashboard is a ethically based set of wellbeing indicators, measured annually on a coherent basis for over 150 countries. It provides a framework for capturing economic, social and environmental aspects of wellbeing, all of which are required for achieving meaningful, satisfying lives.[79][80]

Selected publications

  • Dennis Snower and Assar Lindbeck, Involuntary Unemployment as an Insider-Outsider Dilemma (1984).[81]
  • Dennis Snower and Assar Lindbeck, The Insider-Outsider Theory of Employment and Unemployment (1988).[82]
  • Dennis Snower, Steven Bosworth and Tania Singer, Cooperation, Motivation and social balance (2016).[83]
  • Dennis Snower and Steven Bosworth, Identity-Driven Cooperation versus Competition (2016).[84]
  • Dennis Snower and George Akerlof, Bread and Bullets (2016).[85]
  • Dennis Snower and Maria Karanassou, Is the natural rate a reference point (1997).[86]
  • "Dennis Snower". JSTOR.

Other activities

References

  1. ^ Kaiser, Tobias (January 3, 2019). "Es wird grosse soziale Konflikte geben". Die Welt (in German). Retrieved November 26, 2019.
  2. ^ Snower, Dennis; Lindbeck, Assar (1986). "Wage Setting, Unemployment and Insider-Outsider Relations". American Economic Review. 76 (2): 235–9. hdl:10419/433.
  3. ^ Snower, Dennis; Lindbeck, Assar (1988). "Cooperation, Harassment and Involuntary Unemployment: Reply". American Economic Review. 78 (1): 167–188. JSTOR 1814705.
  4. ^ Snower, Dennis; Lindbeck, Assar (1989). The Insider-Outsider Theory of Employment and Unemployment. Cambridge, Mass: MIT Press.
  5. ^ Snower, Dennis; Lindbeck, Assar (2001). "Insiders versus Outsiders". Journal of Economic Perspectives. 15 (1): 165–188. doi:10.1257/jep.15.1.165.
  6. ^ Drazen, Allan; Gottfries, Nils (1990), Weiss, Yoram; Fishelson, Gideon (eds.), "The Persistence of Unemployment in a Dynamic Insider-Outsider Model", Advances in the Theory and Measurement of Unemployment, London: Palgrave Macmillan UK, pp. 323–335, doi:10.1007/978-1-349-10688-2_12, ISBN 978-1-349-10688-2, retrieved 2022-12-13
  7. ^ Lindbeck, Assar; Snower, Dennis J. (2001). "Insiders versus Outsiders". Journal of Economic Perspectives. 15 (1): 165–188. doi:10.1257/jep.15.1.165. ISSN 0895-3309.
  8. ^ Schwander, Hanna (2019). "Labor Market Dualization and Insider–Outsider Divides: Why This New Conflict Matters". Political Studies Review. 17 (1): 14–29. doi:10.1177/1478929918790872. ISSN 1478-9299.
  9. ^ Bentolila, Samuel; Dolado, Juan J; Jimeno, Juan F (2012). "Reforming an insider-outsider labor market: the Spanish experience". IZA Journal of European Labor Studies. 1 (1): 4. doi:10.1186/2193-9012-1-4. hdl:10419/92311. ISSN 2193-9012.
  10. ^ Galí, Jordi (2022). "Insider–Outsider Labor Markets, Hysteresis, and Monetary Policy" (PDF). Journal of Money, Credit and Banking. 54 (S1): 53–88. doi:10.1111/jmcb.12898. ISSN 0022-2879.
  11. ^ Biegert, Thomas (2019-04-01). "Labor market institutions, the insider/outsider divide and social inequalities in employment in affluent countries" (PDF). Socio-Economic Review. 17 (2): 255–281. doi:10.1093/ser/mwx025. ISSN 1475-1461.
  12. ^ Lindvall, Johannes; Rueda, David (2014). "The Insider–Outsider Dilemma". British Journal of Political Science. 44 (2): 460–475. doi:10.1017/S0007123412000804. ISSN 0007-1234. S2CID 154374270.
  13. ^ Rueda, David (2005). "Insider–Outsider Politics in Industrialized Democracies: The Challenge to Social Democratic Parties". American Political Science Review. 99 (1): 61–74. doi:10.1017/S000305540505149X. ISSN 0003-0554. S2CID 37685628.
  14. ^ Marx, Paul (2016). "The insider-outsider divide and economic voting: Testing a new theory with German electoral data". Socio-Economic Review. 14 (1): 97–118. doi:10.1093/ser/mwu022. ISSN 1475-1461.
  15. ^ Rovny, Allison E.; Rovny, Jan (2017-01-10). "Outsiders at the ballot box: operationalizations and political consequences of the insider–outsider dualism" (PDF). Socio-Economic Review: mww039. doi:10.1093/ser/mww039. ISSN 1475-1461.
  16. ^ Snower, Dennis; Karanassou, Marika (1998). "How Labor Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory". Economic Journal. 108 (448): 832–849. doi:10.1111/1468-0297.00318. hdl:10419/2226.
  17. ^ Snower, Dennis; Karanassou, Marika (1997). "Is the Natural Rate a Reference Point?". European Economic Review. 41 (3–5): 559–569. doi:10.1016/S0014-2921(97)00022-6. hdl:10419/924.
  18. ^ Snower, Dennis; Lindbeck, Assar (2001). "Centralized Bargaining and Reorganized Work: Are They Compatible?". European Economic Review. 45 (10): 1851–1875. doi:10.1016/S0014-2921(01)00086-1.
  19. ^ Snower, Dennis; Lindbeck, Assar (2000). "Multi-task Learning and the Reorganization of Work". Journal of Labor Economics. 18 (3): 353–376. doi:10.1086/209962. hdl:10419/2257. S2CID 15589629.
  20. ^ Snower, Dennis; Lindbeck, Assar (1996). "Reorganization of Firms and Labor Market Inequality". American Economic Review. 86 (2): 315–321. hdl:10419/1237.
  21. ^ Schneider, Martin (2018), Harteis, Christian (ed.), "Digitalization of Production, Human Capital, and Organizational Capital", The Impact of Digitalization in the Workplace, Professional and Practice-based Learning, vol. 21, Cham: Springer International Publishing, pp. 39–52, doi:10.1007/978-3-319-63257-5_4, ISBN 978-3-319-63256-8, retrieved 2022-12-13
  22. ^ Schøne, Pål (2009). "New technologies, new work practices and the age structure of the workers". Journal of Population Economics. 22 (3): 803–826. doi:10.1007/s00148-007-0158-3. ISSN 0933-1433. S2CID 154629229.
  23. ^ Autor, David H; Katz, Lawrence F; Kearney, Melissa S (2006-04-01). "The Polarization of the U.S. Labor Market" (PDF). American Economic Review. 96 (2): 189–194. doi:10.1257/000282806777212620. ISSN 0002-8282. S2CID 154818403.
  24. ^ Snower, D; Chierchia, G; Parianen Lesemann, F.H; Vogel, M; Singer, T (2017). "Caring Cooperators and Powerful Punishers: Differential Effects of Induced Care and Power Motivation on Different Types of Economic Decision Making". Scientific Reports. 7 (1): 7. Bibcode:2017NatSR...711068C. doi:10.1038/s41598-017-11580-8. PMC 5594000. PMID 28894206.
  25. ^ Snower, Dennis; Bosworth, Steven; Singer, Tania (2016). "Cooperation, Motivation and Social Balance". Journal of Economic Behavior and Organization. 126: 72–94. doi:10.1016/j.jebo.2015.12.005. hdl:11858/00-001M-0000-0029-32FA-D.
  26. ^ Kim, Jeffrey J.; Gerrish, Ruby; Gilbert, Paul; Kirby, James N. (2021). "Stressed, depressed, and rank obsessed: Individual differences in compassion and neuroticism predispose towards rank-based depressive symptomatology". Psychology and Psychotherapy: Theory, Research and Practice. 94 (S2): 188–211. doi:10.1111/papt.12270. ISSN 1476-0835. PMID 32052903. S2CID 211100441.
  27. ^ Böckler, Anne; Tusche, Anita; Schmidt, Peter; Singer, Tania (2018). "Distinct mental trainings differentially affect altruistically motivated, norm motivated, and self-reported prosocial behaviour". Scientific Reports. 8 (1): 13560. Bibcode:2018NatSR...813560B. doi:10.1038/s41598-018-31813-8. ISSN 2045-2322. PMC 6131389. PMID 30202029.
  28. ^ Kranton, Rachel E. (2016-05-01). "Identity Economics 2016: Where Do Social Distinctions and Norms Come From?". American Economic Review. 106 (5): 405–409. doi:10.1257/aer.p20161038. ISSN 0002-8282.
  29. ^ Baxter, Daniel; Pelletier, Luc G. (2020). "The roles of motivation and goals on sustainable behaviour in a resource dilemma: A self-determination theory perspective". Journal of Environmental Psychology. 69: 101437. doi:10.1016/j.jenvp.2020.101437. S2CID 218926108.
  30. ^ Ortiz-Riomalo, Juan Felipe; Koessler, Ann-Kathrin; Engel, Stefanie (2021). "Inducing perspective-taking for prosocial behaviour in natural resource management". Journal of Environmental Economics and Management. 110: 102513. doi:10.1016/j.jeem.2021.102513.
  31. ^ Hedenigg, Silvia (2021-04-27). "Caring Economics, Cooperation, and the COVID-19 Pandemic". Interdisciplinary Journal of Partnership Studies. 8 (1): 4. doi:10.24926/ijps.v8i1.3681. ISSN 2380-8969.
  32. ^ Snower, Dennis; Bosworth, Steven (2016). "Identity-Driven Cooperation versus Competition" (PDF). American Economic Review: Papers and Proceedings. 106 (5): 420–424. doi:10.1257/aer.p20161041. hdl:10419/130402. S2CID 25411605.
  33. ^ Snower, Dennis; George, Akerlof (2016). "Bread and Bullets". Journal of Economic Behavior & Organization. 126: 58–71. doi:10.1016/j.jebo.2015.10.021.
  34. ^ Mukand, Sharun; Rodrik, Dani (2018). "The Political Economy of Ideas: On Ideas Versus Interests in Policymaking". NBER Working Paper No. 24467. Rochester, NY. SSRN 3154249.
  35. ^ Michalopoulos, Stelios; Xue, Melanie Meng (2021-10-11). "Folklore". The Quarterly Journal of Economics. 136 (4): 1993–2046. doi:10.1093/qje/qjab003. ISSN 0033-5533. PMC 8505355. PMID 34658674.
  36. ^ Johnson, Samuel G. B.; Bilovich, Avri; Tuckett, David (2022-05-30). "Conviction Narrative Theory: A Theory of Choice Under Radical Uncertainty". Behavioral and Brain Sciences. 46: e82. doi:10.1017/S0140525X22001157. ISSN 0140-525X. PMID 35634729.
  37. ^ Frydman, Roman; Mangee, Nicholas; Stillwagon, Josh (2021-10-02). "How Market Sentiment Drives Forecasts of Stock Returns". Journal of Behavioral Finance. 22 (4): 351–367. doi:10.1080/15427560.2020.1774769. ISSN 1542-7560. S2CID 208194568.
  38. ^ Terzi, Alessio (2020). "Crafting an effective narrative on the green transition". Energy Policy. 147: 111883. Bibcode:2020EnPol.14711883T. doi:10.1016/j.enpol.2020.111883. S2CID 225027629.
  39. ^ Snower, Dennis; Ahrens, Steffen (2014). "Envy, guilt, and the Phillips curve" (PDF). Journal of Economic Behavior & Organization. 99: 69–84. doi:10.1016/j.jebo.2013.12.015. S2CID 10272261.
  40. ^ Snower, Dennis; Graham, Liam (2008). "Hyperbolic Discounting and the Phillips Curve" (PDF). Journal of Money, Credit and Banking. 40 (2–3): 427–448. doi:10.1111/j.1538-4616.2008.00120.x.
  41. ^ Tesfaselassie, M (2017). "Job Turnover, Trend Growth and the Long-Run Phillips Curve" (PDF). Macroeconomic Dynamics. 21 (4).
  42. ^ Vaona, Andrea (2008). "Increasing Returns to Scale and the Long-Run Phillips Curve". Economics Letters. 100 (1): 83–86. doi:10.1016/j.econlet.2007.11.013. hdl:10419/3818.
  43. ^ Snower, Dennis; Karanassou, Marika; Sala, Hector (2005). "A Reappraisal of the Inflation-Unemployment Tradeoff" (PDF). European Journal of Political Economy. 25 (1): 1–32.
  44. ^ Ascari, Guido; Sbordone, Argia M. (2014-09-01). "The Macroeconomics of Trend Inflation". Journal of Economic Literature. 52 (3): 679–739. doi:10.1257/jel.52.3.679. hdl:10419/93616. ISSN 0022-0515.
  45. ^ Ascari, Guido; Ropele, Tiziano (2009). "Trend Inflation, Taylor Principle, and Indeterminacy" (PDF). Journal of Money, Credit and Banking. 41 (8): 1557–1584. doi:10.1111/j.1538-4616.2009.00272.x.
  46. ^ Tipoe, Eileen; Adams, Abi; Crawford, Ian (2022-03-18). "Revealed preference analysis and bounded rationality". Oxford Economic Papers. 74 (2): 313–332. doi:10.1093/oep/gpab018. ISSN 0030-7653.
  47. ^ Jin, Gu; Zhu, Tao (2022). "Heterogeneity, decentralized trade, and the long-run real effects of inflation" (PDF). Journal of Economic Theory. 201: 105439. doi:10.1016/j.jet.2022.105439. S2CID 238894069.
  48. ^ Snower, Dennis; Lindbeck, Assar (1999). "Price Dynamics and Production Lags" (PDF). American Economic Review. 89 (2): 81–88. doi:10.1257/aer.89.2.81.
  49. ^ Snower, Dennis; Ahrens, Steffen; Pirschel, Inske (2017). "A Theory of Price Adjustment under Loss Aversion". Journal of Economic Behavior and Organization. 134: 78–95. doi:10.1016/j.jebo.2016.12.008. hdl:10419/261841. S2CID 216943892.
  50. ^ Snower, Dennis; Lechthaler, Wolfgang; Merkl, Christian (2010). "Monetary Persistence and the Labor Market: A New Perspective" (PDF). Journal of Economic Dynamics & Control. 34 (5): 968–983. doi:10.1016/j.jedc.2010.01.004.
  51. ^ Snower, Dennis; Merkl, Christian (2009). "Monetary Persistence, Imperfect Competition and Staggering Complementarities" (PDF). Macroeconomic Dynamics. 13 (1): 81–106. doi:10.1017/S1365100508070417. hdl:10419/3675. S2CID 13599546.
  52. ^ Snower, Dennis; Merkl, Christian (2006). "The Caring Hand that Cripples: The East German Labor Market after Reunification". American Economic Review. 96 (2): 375–382. doi:10.1257/000282806777212314. hdl:10419/3828. S2CID 29968.
  53. ^ Snower, Dennis; Lindbeck, Assar (1994). "How are Product Demand Changes Transmitted to the Labor Market?". Economic Journal. 104 (423): 386–398. doi:10.2307/2234758. hdl:10419/1200. JSTOR 2234758. S2CID 52026559.
  54. ^ Snower, Dennis (1983). "Imperfect Competition, Underemployment and Crowding Out". Oxford Economic Papers. 35: 245–70. doi:10.1093/oxfordjournals.oep.a041612. hdl:10419/434.
  55. ^ Snower, Dennis; Alpern, Steve (1988). "High-Low Search' in Product and Labor Markets". American Economic Review. 78 (2): 356–362.
  56. ^ Snower, Dennis; Alpern, Steve (1991). "Unemployment through 'Learning from Experience". Issues in Contemporary Economics: 42–74. hdl:10419/1161.
  57. ^ Aghion, Philippe; Bolton, Patrick; Harris, Christopher; Jullien, Bruno (1991). "Optimal Learning by Experimentation" (PDF). The Review of Economic Studies. 58 (4): 621. doi:10.2307/2297825. JSTOR 2297825.
  58. ^ Zeira, J. (1994-01-01). "Informational Cycles". The Review of Economic Studies. 61 (1): 31–44. doi:10.2307/2297875. ISSN 0034-6527. JSTOR 2297875.
  59. ^ Creane, Anthony (1994). "Experimentation with heteroskedastic noise". Economic Theory. 4 (2): 275–286. doi:10.1007/BF01221204. ISSN 0938-2259. S2CID 154271926.
  60. ^ Snower, Dennis; Brown, Alessio; Merlk, Christian (2015). "An Incentive Theory of Matching" (PDF). Macroeconomic Dynamics. 19 (3): 643–668. CiteSeerX 10.1.1.541.823. doi:10.1017/S1365100513000527. S2CID 6088701.
  61. ^ Snower, D; Brown, A; Merkl, C (2014). "The Minimum Wage from a Two-Sided Perspective". Economics Letters. 124 (3): 389–391. doi:10.1016/j.econlet.2014.06.020. hdl:10419/102240. S2CID 11229805.
  62. ^ Snower, Dennis (1994). "Converting Unemployment Benefits into Employment Subsidies". American Economic Review. 84 (2): 65–70. hdl:10419/1213.
  63. ^ Snower, D; Orszag, J.M (2003). "Designing Employment Subsidies". Labour Economics. 10 (5): 557–572. doi:10.1016/S0927-5371(03)00035-6.
  64. ^ Snower, D; Orszag, J.M (2001). "Incapacity Benefits and Employment Policy". Labour Economics. 9 (5): 631–641. doi:10.1016/S0927-5371(02)00050-7. hdl:10419/2803. S2CID 18817863.
  65. ^ Snower, Dennis; Booth, Alison (1996). "The Low-Skill, Bad-Job Trap". Acquiring Skills: 109–124. doi:10.1017/CBO9780511582332.007. ISBN 9780521472050. S2CID 154004852. SSRN 883810.
  66. ^ Snower, Dennis; Coe, David. T (1997). "Policy Complementarities: The Case for Fundamental Labor Market Reform". IMF Staff Papers. 44 (1): 1–35. doi:10.2307/3867495. hdl:10419/916. JSTOR 3867495. S2CID 12285188.
  67. ^ Snower, Dennis; Orszag, Mike (1998). "Anatomy of Policy Complementarities". Swedish Economic Policy Review. 5 (2): 303–345. hdl:10419/1043.
  68. ^ Bell, Brian; Blundell, Richard; Reenen, John Van (1999). "Getting the Unemployed Back to Work: The Role of Targeted Wage Subsidies". International Tax and Public Finance. 6 (3): 339–360. doi:10.1023/A:1008787013977.
  69. ^ Sørensen, P. B. (1997). "Public finance solutions to the European unemployment problem?". Economic Policy. 12 (25): 221–264. doi:10.1111/1468-0327.00021.
  70. ^ Fay, Robert G. (1996). "Enhancing the Effectiveness of Active Labour Market Policies: Evidence from Programme Evaluations in OECD Countries". OECD Labour Market and Social Policy Occasional Papers. doi:10.1787/560806166428. {{cite journal}}: Cite journal requires |journal= (help)
  71. ^ Neumark, David; Wascher, William (2004). "Minimum Wages, Labor Market Institutions, and Youth Employment: A Cross-National Analysis". ILR Review. 57 (2): 223–248. doi:10.1177/001979390405700204. ISSN 0019-7939. S2CID 18722692.
  72. ^ Baert, Stijn (2016). "Wage subsidies and hiring chances for the disabled: some causal evidence". The European Journal of Health Economics. 17 (1): 71–86. doi:10.1007/s10198-014-0656-7. hdl:1854/LU-5749320. ISSN 1618-7598. PMID 25501259. S2CID 10657050.
  73. ^ Snower, D; Brown, A; Orszag, J.M (2008). "Unemployment Accounts and Employment Incentives". European Journal of Political Economy. 24 (3): 587–604. doi:10.1016/j.ejpoleco.2008.06.006. hdl:10419/3810.
  74. ^ Snower, Dennis; Folster, Stefan; Gidehag, Robert; Orszag, J. Michael (2003). "Assessing Welfare Accounts". Alternatives for Welfare Policy: Coping with Internationalisation and Demographic Change: 255–275.
  75. ^ Snower, Dennis (1993). "The Future of the Welfare State". Economic Journal. 103 (418): 700–717. doi:10.2307/2234543. JSTOR 2234543.
  76. ^ Snower, Dennis (2017). "Beyond Capital and Wealth" (PDF). Economics e-Journal. 91: 1–14.
  77. ^ Snower, Dennis (2018). "G20 at a Crossroads: The Future of Global Governance" (PDF). Economics e-Journal. 21: 1–13.
  78. ^ Kelly, Colm; Snower, Dennis J (2021). "Capitalism recoupled". Oxford Review of Economic Policy. 37 (4): 851–863. doi:10.1093/oxrep/grab025. ISSN 0266-903X.
  79. ^ Lima de Miranda, Katharina; Snower, Dennis (2020). "Recoupling Economic and Social Prosperity". CESifo Working Paper No. 8133. Rochester, NY. SSRN 3548365.
  80. ^ Lima de Miranda, Katharina; Snower, Dennis J. (2022-06-21). "The societal responses to COVID-19: Evidence from the G7 countries". Proceedings of the National Academy of Sciences. 119 (25): e2117155119. Bibcode:2022PNAS..11917155L. doi:10.1073/pnas.2117155119. ISSN 0027-8424. PMC 9231467. PMID 35714290.
  81. ^ Lindbeck, A.; Snower, D.J. (1984). Involuntary Unemployment as an Insider-outsider Dilemma. Institute for International Economic Studies. Retrieved 2015-03-27.
  82. ^ Lindbeck, Assar; Snower, Dennis (1988). The insider-outsider theory of employment and unemployment. Cambridge, Mass.: MIT Press. ISBN 0-262-12139-5. OCLC 18378552.
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