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Minimum Wage Effects on Employment and School Enrollment

Neumark, David; Wascher, William - National Bureau of Economic Research (NBER) - 1994

We argue in this paper that the focus on employment effects in recent studies of minimum wages ignores an important … interaction between schooling, employment, and the minimum wage. To study these linkages, we estimate a conditional logit model of … employment and enrollment outcomes for teenagers using state-year observations for the period 1977 to 1989. The results show a …

Persistent link: https://www.econbiz.de/10005720922

Student work during secondary education, educational achievement, and later employment : a dynamic approach

Baert, Stijn; Neyt, Brecht; Omey, Eddy; Verhaest, Dieter - In: Empirical economics : a quarterly journal of the … 63 (2022) 3, pp. 1605-1635

Persistent link: https://www.econbiz.de/10013440394

Dynamically optimal R&D subsidization

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

Quantifying optimal growth policy

Grossmann, Volker; Steger, Thomas M.; Trimborn, Timo - In: Journal of public economic theory 18 (2016) 3, pp. 451-485

Persistent link: https://www.econbiz.de/10011487401

Does expansion of higher education lead to trickle-down growth?

Böhm, Sebastian; Grossmann, Volker; Steger, Thomas M. - In: Journal of public economics 132 (2015), pp. 79-94

Persistent link: https://www.econbiz.de/10011586234

Inequality, Economic Growth, and Technological Change : New Aspects in an Old Debate

Grossmann, Volker - 2001

The book examines the relationship between inequality, growth and technological progress. It provides a broad overview of the existing literature and introduces specific, innovative aspects about the impact of inequality and redistribution on growth when growth is driven by human or physical...

Persistent link: https://www.econbiz.de/10013518980

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

Cohort Crowding and Youth Labor Markets: A Cross-National Analysis

Neumark, David; Korenman, Sanders - National Bureau of Economic Research (NBER) - 1997

effects of exogenous changes in potential youth labor supply on youth employment and unemployment rates using a panel data set … cohort size on employment rates of youths. We also find some evidence, though statistically weak, that labor market … institutions that decrease flexibility lead to sharper responses of youth unemployment and employment rates to fluctuations in …

Persistent link: https://www.econbiz.de/10005085226