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The deterioration of the income and employment position of unskilled workers in the OECD area since the 1980s is a well-documented fact. The debate about the causes of this development is dominated by two competing hypotheses, "North-South Trade" or "globalisation" and technological progress....
Persistent link: https://www.econbiz.de/10001613858
commodity prices, openness induces the government to subsidize technological innovation in the developed country because …
Persistent link: https://www.econbiz.de/10001573343
occupation it may harm some workers while benefitting others; and it may either reduce or increase the proportion of knowledge … workers in employment. In my model, knowledge (in a broad sense) is an input into the production function of human capital …-quality one. People differ in their exogenous ability and ability is complementary with the quality of the knowledge input in the …
Persistent link: https://www.econbiz.de/10001596276
education in the wage equation. We use a meta-analysis of results for Portugal to show, empirically, that this is the case. The …
Persistent link: https://www.econbiz.de/10001597568
states, namely, inactivity and employment. The major innovation is our recognition of defective risks. We first use a …
Persistent link: https://www.econbiz.de/10001624324
-the case of Portugal; 2) a positive but stable role of education in terms of inequality - Austria, Finland, France …
Persistent link: https://www.econbiz.de/10001471780
In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...
Persistent link: https://www.econbiz.de/10001596279
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