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Grossmann, Volker; Steger, Thomas; Trimborn, Timo - In: Journal of Economic Dynamics and Control 37 (2013) 3, pp. 516-534

This paper characterizes the optimal time path of R&D and capital subsidization. Starting from the steady state under current R&D subsidization in the US, the R&D subsidy should significantly jump upwards and then slightly decrease over time. There is a small loss in welfare, however, from...

Persistent link: https://www.econbiz.de/10010870991

Oligarchic land ownership, entrepreneurship, and economic development

Falkinger, Josef; Grossmann, Volker - In: Journal of Development Economics 101 (2013) C, pp. 206-215

This paper develops a theory in which oligarchic ownership of land or other natural resources may impede entrepreneurship in the manufacturing sector and may thereby retard structural change and economic development. We show that, due to oligopsony power of owners in the agricultural labor...

Persistent link: https://www.econbiz.de/10010636569

Optimal growth policy: The role of skill heterogeneity

Grossmann, Volker; Steger, Thomas M. - In: Economics Letters 119 (2013) 2, pp. 162-164

A simple semi-endogenous growth model is employed to show that optimal subsidization of both R&D and capital costs is independent of the distribution of R&D skills in the workforce. This holds despite the empirically supported fact that a higher R&D subsidy rate raises wages of R&D workers.

Persistent link: https://www.econbiz.de/10010664117

The macroeconomics of TANSTAAFL

Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - In: Journal of Macroeconomics 38 (2013) PA, pp. 76-85

Market imperfections may lead to underinvestment in dynamic general equilibrium models. An interesting but unexplored question is whether policy interventions which attenuate underinvestment gaps necessarily imply that consumption will initially decline. By employing a calibrated version of a...

Persistent link: https://www.econbiz.de/10011065329

Pareto-improving bequest taxation

Grossmann, Volker; Poutvaara, Panu - In: International Tax and Public Finance 16 (2009) 5, pp. 647-669

Persistent link: https://www.econbiz.de/10008491880

The impact of military work experience on later hiring chances in the civilian labour market: Evidence from a field experiment

Baert, Stijn; Balcaen, Pieter - In: Economics - The Open-Access, Open-Assessment E-Journal 7 (2013), pp. 1-17

This study directly assesses the impact of military work experience compared with civilian work experience in similar jobs on the subsequent chances of being hired in the civilian labour market. It does so through a field experiment in the Belgian labour market. A statistical examination of our...

Persistent link: https://www.econbiz.de/10010954797

Overeducation at the start of the career: Stepping stone or trap?

Baert, Stijn; Cockx, Bart; Verhaest, Dieter - In: Labour Economics 25 (2013) C, pp. 123-140

This study investigates whether young unemployed graduates who accept a job below their level of education accelerate … or delay the transition into a job that matches their level of education. We adopt the Timing of Events approach to … started searching for a job right after leaving formal education. We find that overeducation is a trap. By accepting a job for …

Persistent link: https://www.econbiz.de/10010703114

Is ethnic discrimination due to distaste or statistics?

Baert, Stijn; De Pauw, Ann-Sophie - In: Economics Letters 125 (2014) 2, pp. 270-273

Employing a vignette experiment, we test the empirical importance of key attitudes underlying the models of taste-based and statistical discrimination in explaining ethnic hiring discrimination. We find that employer concern that co-workers and customers prefer collaborating with natives drives...

Persistent link: https://www.econbiz.de/10011076539