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Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric--making unlicensed workers an illegal substitute for licensed workers but not the reverse. We test our hypothesis using a difference-in-differences event study research design...
Persistent link: https://www.econbiz.de/10014544764
This paper builds a general equilibrium framework with firm and worker heterogeneity, monopsony power, and task-based production to quantify the long-run effects of education, biased demand shocks, and minimum wage. I take it to Brazilian data for 1998 and 2012 and find that (i) supply and...
Persistent link: https://www.econbiz.de/10014322706
that double majors are more likely to work in jobs that require a diverse set of skills and knowledge and are less likely …
Persistent link: https://www.econbiz.de/10014468295
In this paper we study how aggregate output responds to the arrival of a new General Purpose Technology (GPT) by looking at adjustment mechanisms that operate through labor markets. We show that under a wide set of circumstances the arrival of a new GPT that raises long-run output can trigger a...
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jobs. We illustrate the methodology by applying it to data from an annual census of employers in Portugal over the period … 1982-2007. We find that real entry wages in Portugal over this period tend to be about 1.8 percent higher when the …
Persistent link: https://www.econbiz.de/10012462888
2007. It describes the main facts of Portugal's recent economic history, evaluates some possible explanations for its … firms. This explanation can also potentially account for the similarities and the differences between Portugal on the one … hand, and Ireland and Spain on the other, during this period, and for some features of the crash in Portugal after 2010 …
Persistent link: https://www.econbiz.de/10012459373
Because positive spillovers give investment in innovation a social rate of return several times higher than its … internal rate of return to innovators, innovation is chronically underfunded. Recurrent manias, panics and crashes in stock … innovation, competition at the economy-level may favor institutions and behavioral norms conducive to innovation-related bubbles …
Persistent link: https://www.econbiz.de/10012482627