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Provision of public goods, voting and agglomerative bias

Kopp, Andreas - Institut für Weltwirtschaft (IfW) - 1998

Skill-biased technical change is identified as the driving force behind the changing skill composition in OECD countries rather than structural change. The finding is partly the result of the sectoral view taken. This paper suggests a different view which uses the production process as a...

Persistent link: https://www.econbiz.de/10009276245

Macroeconomic Relaxation: Adjustment Processes of Hierarchical Economic Structures

Hawkins, Raymond; Aoki, Masanao - Institut für Weltwirtschaft (IfW) - 2008

examining the relationship between output and demand as mediated by changes in unemployment, or Okun's law. We also demonstrate …

Persistent link: https://www.econbiz.de/10005097460

Monetary Policy and Swedish Unemployment Fluctuations

Alexius, Annika; Holmlund, Bertil - Institut für Weltwirtschaft (IfW) - 2007

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

Persistent link: https://www.econbiz.de/10005083343

International trade and polarization in the labor market

Das, Satya P. - Institut für Weltwirtschaft (IfW) - 2011

The paper builds an argument that international trade can be one explanation behind polarization of employment in the labor market observed in developed countries such as U.K. and U.S. It considers a small open economy, having production sectors which use three types of labor: high-skill,...

Persistent link: https://www.econbiz.de/10009372164

The transition to the service society: prospects for growth, productivity and employment

Klodt, Henning - Institut für Weltwirtschaft (IfW) - 1997

The paper explores the basic features of structural change towards services for OECD countries in general and for Germany in particular. The determinants of sectoral shifts are analytically decomposed into the demandbias and the productivity-bias. The demand-bias, which prevails in all OECD...

Persistent link: https://www.econbiz.de/10009276344

A Note on Aoki-Yoshikawa Model

Scalas, Enrico; Garibaldi, Ubaldo - Institut für Weltwirtschaft (IfW) - 2008

In this paper, we explore a dynamical version of by Aoki and Yoshikawa model (AYM) for an economy driven by demand. We show that when an appropriate Markovian dynamics is taken into account, AYM has di¤erent equilibrium distributions depending on the form of transition probabilities. In the...

Persistent link: https://www.econbiz.de/10005097476

Why do educated mothers matter? A model of parental help

Canova, Luciano; Vaglio, Alessandro - Institut für Weltwirtschaft (IfW) - 2010

This paper investigates the role performed by mothers in affecting their childrens' performance at school. The article develops firstly a theoretical model in which household (parent-child pair) is treated as an individual, whose utility depends both on the performance at school of the student...

Persistent link: https://www.econbiz.de/10008805406

Technology Shocks and Employment in Open Economies

Tervala, Juha - Institut für Weltwirtschaft (IfW) - 2007

A growing body of empirical evidence suggests that a positive technology shock leads to a temporary decline in employment. A two-country model is used to demonstrate that the open economy dimension can enhance the ability of sticky price models to account for the evidence. The reasoning is as...

Persistent link: https://www.econbiz.de/10005083337

The Impact of Tax, Product and Labour Market Distortions on the Phillips Curve and the Natural Rate of Unemployment

Bokan, Nikola; Hughes Hallett, Andrew - Institut für Weltwirtschaft (IfW) - 2007

model to explain the natural rate of unemployment and non-wage employment costs, to show the impact of reform on the short … (unemployment rises and then falls, while wages move in the opposite way); that the long run gains outweigh the short run costs; and …

Persistent link: https://www.econbiz.de/10005083390

Production Constraints and the NAIRU

Driver, Ciaran F.; Hall, Stephen G. - Institut für Weltwirtschaft (IfW) - 2007

This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital constraints and labour constraints. It notes the failure to incorporate this phenomenon in standard macro models. Using panel data for UK manufacturing over eighty quarters it is...

Persistent link: https://www.econbiz.de/10005083405