Showing 1 - 10 of 12
We develop a positive theory of the adoption of child-labour regulation, based on two key mechanisms. First, parental decisions on family size interact with their preferences for child-labour regulation. Second, the supply of child labour affects skilled and unskilled wages. If policies are...
Persistent link: https://www.econbiz.de/10005067344
The British Industrial Revolution triggered a reversal in the social order whereby the landed elite was replaced by industrial capitalists rising from the middle classes as the economically dominant group. Many observers have linked this transformation to the contrast in values between a...
Persistent link: https://www.econbiz.de/10005067409
In this paper, we incorporate a positive theory of unemployment insurance into a dynamic overlapping generations model with search-matching frictions and on-the-job learning-by-doing. The model shows that societies populated by identical rational agents, but differing in the initial distribution...
Persistent link: https://www.econbiz.de/10005067497
This Paper presents a tractable dynamic general equilibrium model that can explain cross-country empirical regularities in geographical mobility, unemployment and labour market institutions. Rational agents vote over unemployment insurance (UI), taking the dynamic distortionary effects of...
Persistent link: https://www.econbiz.de/10005114443
Persistent link: https://www.econbiz.de/10010820555
in Mises and Hayek's explanations of the different hases of the trade cycle, by underlying the role played by knowledge …
Persistent link: https://www.econbiz.de/10008790672
The purpose of this contribution is to investigate the problem of the room attributed to individual economic rationality by circulation approaches. Our investigation will not privilege however the modern contributions of this approach but will instead utilize the works of some economists of the...
Persistent link: https://www.econbiz.de/10008790813
This book surveys how economists engage with knowledge and beliefs in various fields of economic analysis, such as … perspective on the meaning, as well as the role, of knowledge and beliefs in economics in the future. Possible lines of future … action are discussed.A platform for future research and investigation into the role of knowledge and beliefs in economics …
Persistent link: https://www.econbiz.de/10008791568
Persistent link: https://www.econbiz.de/10008794026
We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the emergence of real world empirical productivity distributions. Firms can improve productivity by engaging in in-house R&D, or alternatively, by trying to imitate other firms’...
Persistent link: https://www.econbiz.de/10011083921